Agritech Worldwide, Inc. announced that it has entered into security purchase agreement for private placement of note for gross proceeds of $996,000 on February 1, 2017. The note carries a coupon of 18.9% per annum and would mature 2.5 years from the issuance date. The transaction included participation from three investors, including GKS Funding LLC. The company issued securities pursuant to exemption provided under Regulation D.