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Agra Ventures issues shares as regular payment of partial amount of interest on debt

(Globe Newswire) Vancouver – Agra Ventures Ltd.’s board of directors has approved the company’s issuance of 2,856,449 common shares at a deemed price of approximately $0.05 per share as payment of the portion of the quarterly amount of interest due in shares on a loan entered into in December of 2020.

All shares issued will be subject to a minimum hold period of four months and one day from the date of issuance.

Agra Ventures is a company focused on the cannabis industry. It is dedicated to the cultivation and sale of high-quality cannabis and cannabis-related products worldwide. Agra Ventures’ primary asset in Canada is its 70 per cent ownership of Boundary Bay Cannabis located in Delta, B.C.

Boundary Bay Cannabis utilizes part of a large greenhouse complex in order to focus on the cost-optimized cultivation of high-potency cannabis. Abroad, the company’s wholly owned subsidiary, Farmako GmbH, is focused on becoming Europe’s leading distributor of medical cannabis as well as its proprietary CBD and THC test kits. Farmako currently has active product distribution operations in Germany and is fully licensed in the United Kingdom.