AgraFlora announces debt settlement
VANCOUVER, British Columbia, July 19, 2021 (GLOBE NEWSWIRE) – AgraFlora Organic International Inc. (“AgraFlora“or the”Company“) (CSE: AGRA) (Frankfurt: PU31) (OTCPK: AGFAF) announces that its board of directors has approved the payment of amounts due for services rendered (the “Debt settlement“) through the issuance of ordinary shares (the”Actions“). Pursuant to the debt settlement, the Company issued a total amount of 803,783 shares at a deemed price of $ 0.05 per share. All issued Shares will be subject to a minimum holding period of four months and one day from the date of issue.
About AgraFlora Organic International Inc.
AgraFlora Organics International Inc. is a cannabis company that creates shareholder value through the development of harnessed and revenue-generating assets in the global cannabis industry. AgraFlora focuses primarily on the Canadian cannabis industry – the most advanced and regulated legal cannabis market in the world. Its flagship Canadian asset is Propagation Services Canada, a large-scale commercial greenhouse in Delta, British Columbia focused on overhauling the Canadian flower market with high potency, low cost cannabis. In addition, AgraFlora’s 100% subsidiary, Farmako GmbH, strives to become the leading European distributor of medical cannabis. Farmako currently has active distribution operations in Germany and plans to begin active UK operations in 2021. For more information on AgraFlora, please visit www.agraflora.ca and its profile page on SEDAR at www.sedar. com.
AT ON BEHALF OF OF THE ADVICE OF DIRECTORS
Nick Kuzyk, Investor Relations
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T: (800) 783-6056
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Maricom Inc. Rémy Scalabrini
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T: (888) 585-MARI
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Looking to the future Information Precautionary Declaration
Except for statements of historical made this new Release contains certain “Looking to the future information ”within the meaning of applicable securities law. Forward-looking information is often characterized through words Phone as “plan” “expect” “project” “intend” “believe” “Anticipate” “estimate” and other words or similar statements that certain events or conditions “May” or “will” 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 various 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, delays or uncertainties with approvals including this of the CSE. The are uncertainties inherent in looking to the future information, including factors beyond the control of the Company. There is no assurance that the business plans for AgraFlora Organic described in this new Release will come in effect at the terms or deadlines described herein. The Company does not undertake to update forward-looking information if circumstances or management’s estimates or opinions should change unless required by law. The reader is urged not to place undue reliance on forward-looking statements. Additional information identifying the risks and uncertainties that could affect the financial results is contained in the documents filed by the Company with the Canadian securities regulatory authorities which are available at www.sedar.com.