VANCOUVER, British Columbia, Aug. 25, 2021 (GLOBE NEWSWIRE) — Agra Ventures Ltd. (“AGRA” or the “Firm”) (CSE: AGRA) (Frankfurt: PU31) (OTCPK: AGFAF), a growth-oriented and diversified firm centered on the worldwide hashish trade, pronounces that pursuant to a director’s decision AGRA might be consolidating all of its issued and excellent share capital on the premise of 1 (1) publish‐consolidation share for every 100 and fifty (150) pre‐consolidation widespread shares of the Firm (the “Consolidation”). No fractional shares might be issued by AGRA below the Consolidation and any fraction might be rounded to the closest entire quantity.
In consequence, the excellent widespread shares of the Firm might be decreased to roughly 12,986,374. The train or conversion value and the variety of widespread shares issuable below any of AGRA’s excellent convertible securities might be proportionately adjusted upon consolidation. In reference to the Consolidation, the identify of the Firm is not going to change and its buying and selling image will stay as “AGRA”. The Firm’s widespread shares are anticipated to start buying and selling on a consolidated foundation and with a brand new CUSIP variety of 008505208 and a brand new ISIN variety of CA0085052086 on or about August 27, 2021.
About Agra Ventures Ltd.
Agra Ventures is a growth-oriented and diversified firm centered on the worldwide hashish trade. The corporate is devoted to the cultivation, distribution and advertising and marketing of high-quality hashish and cannabis-infused merchandise worldwide. Agra Ventures’ major asset in Canada is Boundary Bay Hashish situated in Delta, BC, which is likely one of the largest hashish greenhouse amenities centered on the cost-optimized cultivation of high-potency hashish. Overseas, the corporate’s wholly-owned subsidiary, Farmako GmbH, is targeted on changing into Europe’s main distributor of medical hashish. Farmako at the moment has lively product distribution operations in Germany and expects to begin lively operations in the UK in 2021.
For extra details about Agra Ventures, please go to agraventures.com and its profile web page on SEDAR at www.sedar.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Nick Kuzyk, Investor Relations E: email@example.com
T: (800) 783-6056
For French inquiries:
Maricom Inc. Remy Scalabrini E: firstname.lastname@example.org
T: (888) 585-MARI
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Ahead-looking Data Cautionary Assertion
Besides for statements of historic reality this information launch incorporates sure “forward-looking data” inside the which means of relevant securities regulation. Ahead-looking data is ceaselessly characterised by phrases such as “plan” “count on” “challenge” “intend” “consider” “anticipate” “estimate” and different comparable phrases or statements that sure occasions or circumstances “could” or “will” happen. Ahead-looking statements are based mostly on the opinions and estimates at the date the statements are made and are topic to quite a lot of dangers and uncertainties and different elements that would trigger precise occasions or outcomes to vary materially from these anticipated within the forward-looking statements together with however not restricted to delays or uncertainties with regulatory approvals together with that of the CSE. There are uncertainties inherent in forward-looking data together with elements past the Firm’s management. There aren’t any assurances that the enterprise plans for Agra Ventures described in this information launch will come into impact on the phrases or time-frame described herein. The Firm undertakes no obligation to replace forward-looking data if circumstances or administration’s estimates or opinions ought to change besides as required by regulation. The reader is cautioned to not place undue reliance on forward-looking statements. Extra data figuring out dangers and uncertainties that would have an effect on monetary outcomes is contained within the Firm’s filings with Canadian securities regulators which are obtainable at www.sedar.com.