CAN (BC): Grower re-brands and provides harvest update

AgraFlora Organics has changed its name to Agra Ventures Ltd.

In addition, the Company has re-branded its primary subsidiary of Propagation Services Canada under the name of Boundary Bay Cannabis "to more accurately depict the picturesque setting in which its cannabis plants are grown within the area of Delta, British Columbia," they say.

Cannabis Crop Harvest Update
The timing of the Name Change and Re-Brand coincides with the recently completed harvest of the Company’s first crop of cannabis grown over 130,000 square feet at its Delta greenhouse, which is now drying and will soon be tested for potency and prepared for sale. The completed harvest is predominantly comprised of the Mimosa 37 strain of cannabis, with secondary quantities of the Kosher Kush and Gelato strains. Subject to the results of the upcoming potency tests, the Company expects the crop to be valued and sold on a business-to-business basis to a third-party Canadian licensed producer in August. The Company’s next crop of cannabis plants is currently being prepared for growth at the Delta facility.

“I am proud to announce the new name of Agra Ventures Ltd. for our Company, which marks a clear path forward from the time of achieving the important milestone of harvesting our first crop of cannabis at the Delta facility,” said Elise Coppens, CEO of Agra Ventures. “Similarly, the executive management team, with the support of the board of directors, also thought it was the right time to re-brand Propagation Services Canada as Boundary Bay Cannabis, as our three initial strains of cannabis are prepared to be sold for the first time. I am excited to make these announcements on behalf of the Company and would like to thank our team of employees, contractors and advisors for helping us reach this stage,” added Ms. Coppens.

For more information:
Agra Ventures Ltd.
Suite 810 – 789 West Pender Street
Vancouver, BC, V6C 1H2
(800) 783-6056
ir@agraventures.com 
agraventures.com


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