Agra Ventures issues shares in regular payment of partial amount of debt interest

VANCOUVER, British Columbia, March 17, 2022 (GLOBE NEWSWIRE) — Agra Ventures Ltd. (“AGRA” Where the “Company”) AGRA PU31 AGFAFa growth-oriented and diversified company focused on the international cannabis industry, announces that its Board of Directors has approved the Company’s issuance of 26,698 shares of common stock (the “Shares“) at a deemed price of approximately $1.04 per share in payment of the portion of the quarterly amount of interest due in shares on a loan entered into in December 2020. All shares issued will be subject to a minimum hold period of four month and one day from the date of issue.

On Agra Ventures Ltd.

Agra Ventures is a diversified and growth-oriented company focused on the international cannabis industry. The company is dedicated to growing, distributing and marketing high-quality cannabis and cannabis-infused products worldwide. Agra Ventures’ principal asset in Canada is Boundary Bay Cannabis located in Delta, British Columbia, which is one of the largest cannabis greenhouses focused on the cost-optimized cultivation of high-potency cannabis. Abroad, the company’s wholly-owned subsidiary, Farmako GmbH, aims to become Europe’s leading distributor of medical cannabis. Farmako currently has an active product distribution business in Germany and is fully licensed in the UK.

For more information about Agra Ventures, please visit www.agraventures.com and its profile page on SEDAR at www.sedar.com.

TO ON BEHALF OF OF THE PLANK OF DIRECTORS
Nick Kuzyk, Investor Relations
E: [email protected]
Phone. : (800) 783-6056

the CSE and Information Service Provider to have do not saw again and Is do not I accept responsibility for the precision Where adequacy of this Release.

avant-garde Information Precautionary Declaration

Except for statements of historical made this news Release contains certain “looking towards the future information” within the meaning of applicable securities laws. Forward-looking information is frequently characterized by words Phone like “plan” “expect” “project” “intend” “believe” “anticipate” “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are based on the opinions and estimates of the date on which the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements, including but not limited to regulatory delays or uncertainties approvals including this of the CST. The are uncertainties inherent in future-oriented information, including factors beyond the Company’s control. There is no assurance that the business plans for Agra Ventures describes in this news Release will come in effect to the terms or time frame described herein. The Company assumes no obligation to update forward-looking information if circumstances or management’s estimates or opinions change unless required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying the risks and uncertainties that could affect the financial results is contained in the documents filed by the Company with the Canadian securities authorities which are available at www.sedar.com.

SOURCE: Agra Ventures Ltd.

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