Agritek Holdings, Inc. announced that the Company has completed a new purchase agreement for an eighty (80) acre approved cannabis farm for the medicinal and recreational sector located in Pueblo, Colorado. Under the new real estate purchase contract, the eighty (80) acre parcel of land previously deeded to Agritek Holdings by a third party, shall now be directly owned by the Company as an asset including water and all mineral rights. The 80 acre parcel located in Pueblo, Colorado is presently zoned and approved as a cannabis farm which will be sectioned by acres and leased to licensed cultivators including a section for potential use as a Hemp farm with plans for production in the second quarter of 2017.