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Argitek Holdings Inc (OTCMKTS:AGTK) Plans Acquisition Of Production Facilities To Expand Its Product Line In San Juan, Puerto Rico

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Argitek Holdings Inc (OTCMKTS:AGTK) announced recently that it’s planning to acquire about 15,000 sq.ft facility to enhance its production of cannabis products under the lease contract once it receives its licensee 1919 Clinic approval from the State of Department of Health in San Juan, Puerto Rico.

The company specializes in multiple cannabis products and offers a wide range of consultation services in both real estate and cannabis sectors. The company intends to utilize the state-of-the-art facility located in San Juan to vertically incorporate its cannabis operations in the entire region. The facility will be converted into a medical clinic where doctors and attorneys can attend to the patients.

Agritek has also invested more than $200,000 in its licensed partner 1919 Clinic to acquire extraction and processing equipment as it prepares to launch its operations soon. According to Michael Friedman CEO of Agritek, the company has concentrated its operations on recreational markets in Colorado and California.

The company has a huge footprint in these States with a large Hemp research facility based in Colorado. Hence it’s a high time that the company expands its operations to other regions that have been neglected.

Puerto Rico is one of the potential markets that have been ignored for a long time even as the counterparts in Colorado and California enjoy the extremely low prices for cannabis products due to constant surplus.

The company has a unique strategy that focuses on funding top-tier farm and infrastructural firms in the licensed medical cannabis industry. With positive development in the state and federal legislation, the company will continue advancing its medical cannabis products in the existing markets in Colorado, California, and Washington State as well as venture into new markets including Canada.

Agritek specializes in innovative technology to develop agricultural solutions for both recreational and medical cannabis markets and possesses various facilities in Canada, Colorado, Washington State, Puerto Rico and California for cultivation and production of Hemp and CBD-based products.

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