Agra Ventures Issues Shares in Regular Payment of Partial Amount of Debt Interest | New

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VANCOUVER, British Columbia, Oct. 25, 2022 (GLOBE NEWSWIRE) — Agra Ventures Ltd. (“AGRA” or the “Company”) (CSE: AGRA) (Frankfurt: PU31) (OTCPK: AGFAF), a growth-oriented and diversified company focused on the international cannabis industry, announces that its Board of Directors approved the issuance by the Company of 911,950 common shares (the “Shares”) at a deemed price of approximately $0.05 per share in payment of part of the quarterly amount of interest due in Shares on a loan entered into in December 2020. All Shares issued will be subject to a minimum holding period of four months and one day from the date of issue.

About 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 active product distribution operations in Germany and is fully licensed in the UK.

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

ONBEHALFOFTHEPLANKOFDIRECTORS

Nick Kuzyk, Investor Relations

E: [email protected]

Such. : (800) 783-6056

TheCSEandInformationServiceVendorhavenotsaw againandIsnotI acceptresponsibilityfortheprecisionWhereadequacyofthisRelease.

avant-gardeInformationPrecautionaryStatement

ExceptforstatementsofhistoricaldothisnewReleasecontainscertain“looking towards the futureInformation” within the meaning of applicable securities laws. Forward-looking information isfrequentlycharacterizedbywordsPhoneas“to plan”“expect”“project”“intention”“to 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 ofthe date on which the statements are made and are subject to a variety of risks and uncertainties and otherfactors that could cause actual events or results to differ materially from those anticipated in theforward-looking statements, including but not limited to regulatory delays or uncertaintiesapprovalsincludingthisoftheCST.Theareuncertaintiesinherentinfuture-orientedinformation, including factors beyond the Company’s control. There is no assurance that theCompanyplansforAgra Ventures describesinthisnewReleasewill becomeineffectonthe terms or time frame described herein. The Company assumes no obligation to updateforward-looking information if circumstances or management’s estimates or opinionschange unless required by law. The reader is cautioned not to place undue reliance onforward-looking statements. Additional information identifying risks and uncertainties that mayaffect the financial results is contained in the documents filed by the Company with the Canadian securities authoritieswhoareavailableatwww.sedar.com.

SOURCE: Agra Ventures Ltd.

Copyright 2022 GlobeNewswire, Inc.

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