VANCOUVER, British Columbia, July 12, 2022 (GLOBE NEWSWIRE) —
Agra Ventures Ltd.
(“AGRA”
or
the
“Company”)
(CSE: AGRA)
(OTC:
AGFAF) (FRA:
PU30),
a growth-oriented and diversified company focused on the international cannabis industry, announces the resignation of Elise Coppens as Director and Chair of its Board of Directors, effective immediately. As a result of Ms. Coppens’ resignation, David Grand has been appointed as Director and Chair of the Board of the Company.
Mr. Grand was previously announced as being appointed as the Chief Executive Officer (“
CEO
”) of AGRA, which became effective on July 1, 2022. He will continue to maintain that role in addition to becoming Director and Chair of the Company. Ms. Coppens will assist Mr. Grand with the transition into his expanded role and will remain involved with the Company as a consultant, the engagement of which is effective immediately and is for an initial term of one year.
Management Commentary
“I’m excited to be taking over leadership of AGRA as its new CEO and now also as its Chair of the Board of Directors. My first priority will be to lead the creation of a plan with the primary goal of putting the Company in a stronger financial position,” said David Grand, CEO, Director and Chair of the Board of AGRA. “I would like to thank Elise for facilitating a smooth transition and for passing along all of her insights gained from leading the Company since early last year. I also look forward to learning from AGRA’s employees and advisors, which is an essential process that has already begun,” added Mr. Grand.
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
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accept
responsibility
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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.
