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Focus Is Back On Agritek Holdings Inc (OTCMKTS:AGTK)

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In the last trading session, the stock price of Agritek Holdings Inc (OTCMKTS:AGTK) jumped more than 13% to close the day at $0.012. The growing hemp market remains to be one of the more notable facets of the marijuana segment, as industrial hemp gets a foothold on agriculture around the world and educational plans help the public note the value in the different options hemp can offer.

The buzz

As operations, expansions, educational enlightenment advances and acquisitions progress via legislation is recorded, experts consider the United States is approaching the federal government finally discounting hemp from list of controlled substances after being hooked with pot for almost a century. Considering this fact, revenue forecasts are promising in the hemp segment for the imminent years. Notable firms in the headlines comprise Agritek, Hemp Inc (OTCMKTS:HEMP), GreenGro Technologies, Inc. (OTCMKTS:GRNH), to name a few.

Agritek recently reported that the firm has agreed and entered into talks to purchase the adjacent nine-hundred acres of its 80-acre Hemp planned research location in Pueblo, Colorado. As of now, it owns eighty acres with mineral and water rights for its Hemp research project for manufacturing of Hemp infused offerings.

The firm has now been provided the initial right and accepted the proposal to buy the surrounding nine-hundred acres making it one of the major operating Hemp research assignments seeking nod by the state. Through the around 1,000-acre operation, the firm will look to become the major tissue culture as well as genetics propagator of Hemp and cannabis genetics in the United States. Its major focus will be in developing and patenting genetic strains of hemp-based Hemps and true medical marijuana.

Another firm in the same segment, Puration Inc (OTCMKTS:PURA) reported its plans to launch a cannabis infused beverage in Canada in conjunction with the countrywide legalization of recreational pot projected in July 2018.

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