VANCOUVER, British Columbia, June 27, 2022 (GLOBE NEWSWIRE) —

Agra Ventures Ltd.


(“AGRA”


or


the


“Company”)


(CSE: AGRA)


(OTC:


AGFAF) (FRA:


PU31),

a growth-oriented and diversified company focused on the international cannabis industry, is pleased to announce that David Grand has been appointed as AGRA’s new Chief Executive Officer (“

CEO

”) effective July 1, 2022, subject to the final acceptance of the Canadian Securities Exchange (the “

CSE

”). Based in Ontario, Mr. Grand is an accomplished professional with over 30 years of progressive experience in several industries from leading high-growth startups to national companies. AGRA’s outgoing CEO, Elise Coppens, will remain with the Company as a member of its Board of Directors.

Previously, David was the founder and former CEO of Muskoka Grown Limited from 2013 to 2020; the Chief Financial Director of GenCanna from 2014 to 2015; the President & Managing Director of the Private Client Division at Hampton Securities Limited from 2012-2014; and the Head of Retail Sales at Octagon Capital Corporation from 2004 to 2010. Mr. Grand is a strategist with strong business acumen and an entrepreneurial mindset. He has an excellent work ethic with the ability to take an idea from concept to execution, and is comfortable making key business decisions. David has a strong ability to connect with people, with a proven track record of fundraising, as well as being a mentor to employees.

Management Commentary

Elise Coppens, CEO, said, “It is a pleasure to transition the leadership of the Company to David and I am excited to welcome him to AGRA. Streamlining the Company over the last year and a half was necessary to position it for this transition and set AGRA’s next leader up for success. I look forward to David putting his stamp on the Company and working hard to navigate the competitive landscape and create value.” Ms. Coppens added, “I will strive to make the transition as smooth as possible while remaining on the Company’s Board of Directors to govern, guide and observe as Mr. Grand executes on his vision for AGRA.”

About


Agra Ventures Ltd.

Agra Ventures is a growth-oriented and diversified company focused on the international cannabis industry. The company is dedicated to the cultivation, distribution and marketing of high-quality cannabis and cannabis-infused products worldwide. Agra Ventures’ primary asset in Canada is Boundary Bay Cannabis located in Delta, BC, which is one of the largest cannabis greenhouse facilities focused 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. Farmako currently has active product distribution operations in Germany and is fully licensed in the United Kingdom.

For more information about Agra Ventures, please visit

www.agraventures.com

and its profile page on SEDAR at


www.sedar.com

.

ON




BEHALF




OF




THE




BOARD




OF




DIRECTORS



Nick Kuzyk, Investor Relations

E:

[email protected]


T: (800) 783-6056

The


CSE


and


Information


Service


Provider


have


not


reviewed


and


does


not


accept


responsibility


for


the


accuracy


or


adequacy


of


this


release.

Forward-looking




Information




Cautionary




Statement

Except


for


statements


of


historic


fact


this


news


release


contains


certain


“forward-looking


information” within the meaning of applicable securities law. Forward-looking information is


frequently


characterized


by


words


such


as


“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 at


the date 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 delays or uncertainties with regulatory


approvals


including


that


of


the


CSE.


There


are


uncertainties


inherent


in


forward-looking


information including factors beyond the Company’s control. There are no assurances that the


business


plans


for


Agra Ventures described


in


this


news


release


will


come


into


effect


on


the terms or time frame described herein. The Company undertakes no obligation to update


forward-looking information if circumstances or management’s estimates or opinions should


change except as required by law. The reader is cautioned not to place undue reliance on


forward-looking statements. Additional information identifying risks and uncertainties that could


affect financial results is contained in the Company’s filings with Canadian securities regulators


which


are


available


at



www.sedar.com


.

SOURCE: Agra Ventures Ltd.