Agra Ventures Pronounces Settlement to Lengthen Maturity Date


VANCOUVER, British Columbia, April 05, 2022 (GLOBE NEWSWIRE) — Agra Ventures Ltd. (“AGRA” or the “Firm”) (CSE: AGRA) (OTC: AGFAF) (FRA: PU30), a growth-oriented and diversified firm centered on the worldwide hashish trade, pronounces that it has entered into an settlement with holders of the Firm’s 10.00% Senior Unsecured Convertible Debentures (the “Debentures”) to amend the Debentures to increase the maturity date for an extra twelve months to March 12, 2023. The Firm has moreover happy the mixture accrued curiosity on the Debentures for the interval from January 1, 2021 to December 31, 2021, totaling $2,100,000, by the issuance of 1,200,000 widespread shares within the capital of the Firm on a professional rata foundation to the holders of the Debentures.

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 positioned in Delta, BC, which is among 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 concentrated on changing into Europe’s main distributor of medical hashish. Farmako at present has energetic product distribution operations in Germany and is absolutely licensed in the UK.

For extra details about Agra Ventures, please go to www.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: ir@agraventures.com
T: (800) 783-6056

The CSE and Data Service Supplier have not reviewed and does not settle for accountability for the accuracy or adequacy of this launch.

Ahead-looking Data Cautionary Assertion

Besides for statements of historic reality this information launch comprises sure “forward-looking info” throughout the which means of relevant securities regulation. Ahead-looking info is ceaselessly characterised by phrases such as “plan” “anticipate” “challenge” “intend” “consider” “anticipate” “estimate” and different comparable phrases or statements that sure occasions or circumstances “might” or “will” happen. Ahead-looking statements are primarily based 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 components that might 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 info together with components 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- trying info 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 info figuring out dangers and uncertainties that might have an effect on monetary outcomes is contained within the Firm’s filings with Canadian securities regulators that are accessible at www.sedar.com.

SOURCE: Agra Ventures Ltd.



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