Agritek Holdings, Inc. Announces Private Placement for Up to $1,500,000 of Common Stock for Maxx eSports Inc. Subsidiary - Seite 2

If the Offering is over-subscribed, it is possible that a shareholder's subscription may not be accepted by the Company even though it is received. Additionally, in the event of an imbalance of large subscriptions compared to smaller subscriptions management of the Company reserves the right in its discretion to reduce large subscriptions in favor of smaller subscriptions. All shareholders of Agritek Holdings will receive a dividend share of Maxx eSports on the dividend record date when announced upon the S-1 filing expected to be filed in August 2020.

“We are getting a very positive response and firm commitments of funds from the majority of our institutional and accredited investors taking part in this private placement raise on behalf of our eSports subsidiary Maxx eSports. I believe we will be able to complete the placement meeting our capital requirements over the next few weeks, allowing us to immediately file the S-1 registration statement and start the “spinoff” process on behalf of our investors and shareholders,” stated Friedman.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Agritek Holdings is in final review of its financial reports including its 10K Annual Report for December 31, 2019, and first quarter 10Q for 2020 with its registered auditing firm. The Company as reported earlier this month expects to file the reports within the next week and renew its application and uplisting to the OTCQB exchange.

About Agritek Holdings, Inc.

Agritek Holdings, Inc. (www.AgritekHoldings.com), is a fully integrated, active real estate investor and advisor of white label brands in the legal cannabis sector. Specifically, Agritek Holdings provides strategic capital and functional expertise to accelerate the commercialization of its diversified portfolio of cannabis related real estate holdings. Agritek Holdings recently acquired Full Spectrum Biosciences as a wholly owned subsidiary which manufactures and distributes its hemp-derived CBD products under the Rehab Rx, MD Vapes, Hemp Pops and Higher Society trademarked brands. Full Spectrum brands are currently sold online (www.RehabRx.com) as well as approved for sale on Amazon (www.Amazon.com) currently being sold in the United States and parts of Canada. Agritek Holdings, Inc. does not directly grow, harvest, or distribute or sell cannabis or any substances that violate or contravene United States law or the Controlled Substances Act.