Agritek Acquires Performance Nutrition California Retail Location

Agritek Holdings (OTCQB:AGTK) executed an Asset Purchase Agreement for the acquisition of Performance Nutrition Center.
As quoted in the press release:

The Asset Purchase Agreement includes a high traffic bricks and mortar retail location within Laguna Hills, California, exclusive supplement product lines, online eBay and Amazon stores and a continuous years of product revenues as a track record of at least five-hundred thousand dollars ($500,000) in sales approaching $600,000 in product sales for 2017.
“Our reasoning for this recent asset purchase and acquisition of an established 15 year nutrition and supplement company with a strong retail location and high traffic online stores with eBay and Amazon was two-fold. First, an additional revenue stream of close to $600,000 in product sales within the supplement and wellness space will greatly increase our balance sheet as it relates to inventory and product sale based revenue.

Click here to read the full press release.

Source: www.marketwired.com