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Agritek Holdings, Inc. (OTCMKTS:AGTK) Reports First Grow Pod Installation And Preliminary Build Out Of Pueblo Hemp Grow Facility

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Agritek Holdings, Inc. (OTCMKTS:AGTK) reported that the firm is in the final stages of construction planning and licensing for its 80 acres based in Pueblo, Colorado. The firm’s latest industrial Hemp and research center and pod farm is anticipated to produce medical grade Cannabinoid oil for research and the release of numerous product lines. The initial cultivation pod has been delivered to the center while looking for final approvals for numerous licensees.

The details

The new grow and cultivation pod farm based on 80 acres in Pueblo, Colorado held by Agritek will operate as a subsidiary named “77 Acres Inc” and “American Hemp Trading Company.” The new pod farm will look to assist cannabis business owners intending to operate under the Colorado regulatory framework by eliminating the difficult procedure of identifying suitably zoned property comprising the required infrastructure for their activities.

Infrastructure costs have become exceptionally high in Denver, with slight indoor space available, together with dropping prices of cannabis offerings within recreational marketplace which have dropped margins substantially over the last year.

Agritek has already listed numerous sites in strategically based cities that can accommodate numerous cannabis licensees in a shared framework and organized manner via the advancement of their Colorado based pod farm, Puerto Rico manufacturing and cultivation facility as well as associations in Washington State and new site in California within the Bay region.

Once final licensing requirements are fulfilled, licensed businesses will be permitted to sell and produce Hemp and manufacture Cannabinoid offerings. Colorado as one of the initial recreational markets, has established the landscape as the California cannabis industry is anticipated to hit $6.5 billion by 2020.

The facility of company at 77 Acres pod farm will provide individual cannabis licensees the capacity to lease or purchase either current empty lots and cultivation pods while sharing newly established manufacturing facilities that are ready-to-grow and properly zoned, with all required infrastructure in place.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of journaltranscript.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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