Agra Ventures Announces Agreement to Extend Maturity Date of Convertible Debentures

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VANCOUVER, British Columbia, April 05, 2022 (GLOBE NEWSWIRE) — Agra Ventures Ltd. (“AGRA” or the “Company”) (CSE: AGRA) (OTC: AGFAF) (FRA: PU30), a diversified and growth-oriented company focused on the international cannabis industry, announces that it has entered into an agreement with the holders of the Company’s 10.00% Senior Convertible Unsecured Debentures (the “Debentures”) to amend the debentures to extend the maturity date for an additional twelve months to March 12, 2023. The Company has further settled the aggregate interest accrued on the debentures for the period from January 1, 2021 to December 31, 2021 , totaling $2,100,000, by issuing 1,200,000 common shares in the capital of the Company on a pro rata basis to the holders of the debentures.

On Agra Ventures Ltd.

Agra Ventures is a diversified and growth-oriented company focused on the international cannabis industry. The company is dedicated to growing, distributing and marketing high-quality cannabis and cannabis-infused products worldwide. Agra Ventures’ principal asset in Canada is Boundary Bay Cannabis located in Delta, British Columbia, which is one of the largest cannabis greenhouses focused on the cost-optimized cultivation of high-potency cannabis. Abroad, the company’s wholly-owned subsidiary, Farmako GmbH, aims to become Europe’s leading distributor of medical cannabis. Farmako currently has an active product distribution business in Germany and is fully licensed in the UK.

For more information on Agra Ventures, please to visit www.agraventures.com and his profile page on SEDAR to www.sedar.com.

ON BEHALF OF THE PLANK OF DIRECTORS
pseudo Kuzyk, Investor Reports
E: [email protected]
T: (800) 783-6056

the CSE and Information A service Vendor to have do not saw again and Is do not I accept responsibility for the accuracy or adequacy of this Release.

avant-garde Information Precautionary Statement

Except for statements of historical fact this news Release contains certain “looking towards the future Information” within the meaning of applicable securities laws. Forward-looking information is often characterized by words Phone as “plan” “wait” “project” “intention” “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 of the date on which 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 regulatory delays or uncertainties approvals including that of the CST. The are uncertainties inherent in future-oriented information, including factors beyond the Company’s control. There is no assurance that the Business plans for Agra Ventures describes in this news Release will be come into force on the terms or time limits described here. The Company assumes no obligation to update looking at information if circumstances or management estimates or opinions should cash except as required by law. Readers are cautioned not to place undue reliance on forward-looking information. statements. Additional information identifying the risks and uncertainties that may affect the results are contained in the documents filed by the Company with the Canadian securities authorities which are available to www.sedar.com.

THE SOURCE: Agra Companies ltd.

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