Agra Ventures’ Boundary Bay Cannabis JV has received more than $910,000 in purchase orders in the last three months. Canadian Business Journal

VANCOUVER, British Columbia, November 29, 2022 (GLOBE NEWSWIRE) — Agra Ventures Co., Ltd. (“Agra”) Also of “Company”) (CSE: Agra) (over the counter: AGFAF), announced a joint venture with 70% owned Propagation Services Canada Inc., a growth-oriented, diversified company focused on the international cannabis industry, now operating as “Boundary Bay Cannabis” (“BBC” or “joint venture”) has received approximately $910,000 worth of purchase orders for cannabis since August 31, 2022. Purchase orders are received from multiple parties and represent processed products totaling over 725,000 grams.

The BBC’s strategy continues to grow and sell bulk cannabis on a wholesale basis to other licensed growers across Canada. The greenhouse facility in Delta, B.C., where the joint venture operates, provides a compelling opportunity for the BBC to be as competitive as possible in the Canadian cannabis industry. However, the market price falls. Rising labor and energy costs. The continued high costs of maintaining regulatory compliance also mean that Health Canada’s review of cannabis laws will prevent licensed producers like the BBC from operating unless significant and imminent improvements are made. it’s getting harder to do.

Management commentary

“We would like to thank our staff and BBC distributors for growing great cannabis and doing their part to secure these purchase orders. said: “We would like to thank the BBC clients for their business during this critical time,” added Kuzyk.

about Agra Ventures Co., Ltd.

Agra Ventures is a company dedicated to the cannabis industry. We are dedicated to growing and selling high quality cannabis and cannabis related products worldwide. Agra Ventures’ primary Canadian asset is his 70% ownership of Boundary Bay Cannabis in Delta, BC. Boundary Bay Cannabis is part of a large greenhouse complex focused on 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 and its own CBD and THC test kits. Farmako now has an active product distribution business in Germany and is fully licensed in the UK.

For more information about Agra Ventures, please visit www.agraventures.com and SEDAR’s profile page at www.sedar.com.

on Behalf of The board of director

Nick Kujik, interim CEO
E: [email protected]
Phone: (800) 783-6056

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Source: Agra Ventures Ltd.

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