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Agritek Holdings, Inc. Announces First Grow Pod Installation And Initial Build Out Of Pueblo Hemp Cultivation Facility Of 77 Acres Inc.
Agritek Holdings, Inc. Announces First Grow Pod Installation And Initial Build Out Of Pueblo Hemp Cultivation Facility Of 77 Acres Inc..
About this update from Agritek Hldgs Inc
[{"type":"text","content":"\n \n \n Agritek Holdings, Inc. Announces First Grow Pod Installation And Initial Build Out Of Pueblo Hemp Cultivation Facility Of 77 Acres Inc.\n \n \nAgritek Holdings, Inc. Announces First Grow Pod Installation And Initial Build Out Of Pueblo Hemp Cultivation Facility Of 77 Acres Inc.\n \n LOS ANGELES, CA--(Marketwired - Oct 10, 2017) - Agritek Holdings, Inc. (OTCQB: AGTK) www.AgritekHoldings.com, a fully integrated, active real estate investor for the cannabis sector and branding consultant today announced that the Company is in the final stages of licensing and construction planning for its 80 acres located in Pueblo, Colorado. The Company's new industrial Hemp and research facility and pod farm is expected to produce medical grade CBD oil for research and the launch of multiple product lines. The first grow pod has been delivered to the facility while awaiting for final approvals for multiple licensees.\n The new cultivation and grow pod farm located on 80 acres in Pueblo, Colorado owned by Agritek Holdings will operate as a wholly owned subsidiary named \"American Hemp Trading Company\" and \"77 Acres Inc\". The new pod farm will seek to help cannabis business owners planning to operate under the Colorado regulatory environment by eliminating the difficult process of identifying suitably zoned property including the necessary infrastructure for their operations. Infrastructure costs have become extremely high in Denver, with minimal indoor space available, combined with declining prices of cannabis products within recreational marketplace which have decreased margins considerably over the last year.\n Agritek has already identified several sites in strategically located cities that can accommodate multiple cannabis licensees in a shared environment and organized manner through the development of our Colorado based pod farm, Puerto Rico cultivation and manufacturing facility as well as partnerships in Washington State and new location in California within the Bay area.\n Once final licensing requirements are met, licensed businesses will be allowed to produce and sell Hemp and manufacture CBD products. Colorado as one of the first recreational markets, has set the landscape as the California cannabis market is expected to reach $6.5 billion by 2020, according to ArcView Market Research.\n The Agritek facility at 77 Acres po...