Agritek Holdings, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 25, 2019 at 10:06 pm
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Agritek Holdings, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was USD 0 compared to USD 1,027 a year ago. Operating loss was USD 1.655 million compared to USD 241,755 a year ago. Net loss was USD 5.797 million compared to USD 1.493 million a year ago. Basic loss per share from continuing operations was USD 0.29 compared to USD 0.37 a year ago. For the nine months, sales was USD 0 compared to USD 1,255 a year ago. Operating loss was USD 4.366 million compared to USD 1.121 million a year ago. Net loss was USD 9.128 million compared to USD 290,342 a year ago. Basic loss per share from continuing operations was USD 0.76 compared to USD 0.07 a year ago.
Agritek Holdings, Inc. is an investor and operator in the legal cannabis sector. Its business focus is primarily to hold, develop and manage real property. It is focused on three segments of the cannabis market, including real estate investment, intellectual property brands, and infrastructure, with operations in United States, including Florida, Colorado, and California. It invests its capital via real estate holdings, licensing agreements, royalties, and equity in acquisition operations. Its business focus is primarily to hold, develop and manage real property. It produces, brands, and distributes hemp-based products. Its product categories include human ingestible (tinctures, capsules, and gummies), topicals, and pet products. Its products are distributed through its e-commerce Websites www.RehabRx.com, Hemppops.com and third-party ecommerce websites. It provides services to the legal cannabis sectors including dispensary and retail solutions and consumer product solutions.
AGRITEK HOLDINGS, INC. 