Agritek Holdings executed an asset purchase agreement for the acquisition of Performance Nutrition Center.
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.