Agra Ventures CEO resigns, Interim CEO appointed

Agra Ventures Ltd. announces that David Grand has resigned as Chief Executive Officer (“CEO”) and Chairman of the Board of Directors of the Company. Mr. Grand expects to remain affiliated with the Company as he transitions to a new role involving AGRA’s subsidiary, Boundary Bay Cannabis, and other short-term corporate development initiatives. As the result of his resignation, Nick Kuzyk has been appointed by the Board as AGRA’s Interim CEO and as Director, effective immediately, subject to the final acceptance of the Canadian Securities Exchange (the “CSE”). The Board expects to embark on an extensive search for a permanent CEO in due course.

Mr. Kuzyk was deemed by the Board to be a strong fit for the role of Interim CEO based on his familiarity with the Company from providing investor relations services to it via his consultancy since March of 2021. Nick has direct cannabis industry experience as the former Chief Strategy Officer and SVP Capital Markets of High Tide Inc. from its inception in 2018 until the founding of his independent practice in 2020.

Since that time, Mr. Kuzyk has also consulted with clients in the licensed production, extraction/processing, and retail segments of the cannabis industry value chain. Overall, Mr. Kuzyk has more than 20 years of experience in the areas of business development, corporate finance, investor relations, and mergers and acquisitions. Nick has an HBA and MBA from the Richard Ivey School of Business at Western University.

Management commentary
Anthony Carnevale, Independent Director, said, “On behalf of the Board, I would like to welcome Nick as Interim CEO of the Company. We appreciate him stepping into the role based on his existing relationships with investors and advisors, knowledge of the Company, and cannabis industry experience. The Board’s view is that Nick is the right candidate to navigate the Company through its next stages at this time.”

Mr. Kuzyk added, “It’s a privilege to be appointed as the Interim CEO of AGRA. I will strive to steer the Company forward to the best of my abilities and optimally blend the perspectives of AGRA’s largest current stakeholders.”

For more information:
Agra Ventures

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