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| Home : Agritek Holdings, Inc. Completes Elimination of $850,000 of Toxic Debt From Former Lenders |
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Jan 28
2016 |
Agritek Holdings, Inc. Completes Elimination of $850,000 of Toxic Debt From Former Lenders |
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LOS ANGELES, CA--(Marketwired - January 27, 2016) - Agritek Holdings, Inc. (OTC PINK: AGTK) (http://www.Agritekholdings.com), a leader in Compassionate Care Technology and agricultural solutions for the recreational cannabis industry, today announced the Company has eliminated and re-negotiated the removal of approximately $850,000 in toxic debt from two lenders on the Company's balance sheet. The negotiation also included new commitments to fund approximately $250,000 in new working capital, of which $87,500 has been funded, with new institutional lenders seeking a long term relationship with Agritek Holdings. The new lenders also purchased approximately $350,000 in aged notes from Tonaquint, Inc. and Vis Vires Group, Inc. |
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| Source:http://www.marketwired.com/mw/release.do?id=2091579&sourceType=3 |
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