VANCOUVER, British Columbia, Sept. 17, 2021 (GLOBE NEWSWIRE) -- Agra Ventures Ltd.(“AGRA”orthe“Company”)(CSE: AGRA)(Frankfurt:PU30.F)(OTCPK:AGFAD), a growth-oriented and diversified company focused on the international cannabis industry, announces that it has changed its auditor from Dale Matheson Carr-Hilton Labonte LLP (“Former Auditor”) to Baker Tilly LLP (“Successor Auditor”) effective September 17, 2021. In accordance with National Instrument 51-102, the Company has filed Notice of Change of Auditor, together with the required letters from the Former Auditor and the Successor Auditor in respect of this change under its profile on SEDAR at www.sedar.com.

Separately, on September 2, 2021, the Company was served with a Petition in the British Columbia Supreme Court seeking an order granting the Petitioner leave of the Court to commence a Civil Claim (the “Claim”) in the name and on behalf of the Company against certain proposed Defendants. The Company takes the allegations contained within the Claim seriously and has engaged legal counsel to investigate the alleged matters and to respond to the proposed Petition.

ABOUT AGRA VENTURES

Agra Ventures Ltd. (“AGRA” or “the Company”) is a growth-oriented and diversified company focused on the international cannabis industry. The Company is dedicated to the cultivation, distribution and marketing of high-quality cannabis and cannabis-infused products worldwide. AGRA’s primary asset in Canada is Boundary Bay Cannabis located in Delta, BC, which is one of the largest cannabis greenhouse facilities focused on the 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. Farmako currently has active product distribution operations in Germany and expects to commence active operations in the United Kingdom in 2021.

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

ONBEHALFOFTHEBOARDOFDIRECTORS
Nick Kuzyk, Investor Relations
E: ir@agraventures.com
T: (800) 783-6056

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Forward-lookingInformationCautionaryStatement

Exceptforstatementsofhistoricfactthisnewsreleasecontainscertain“forward-lookinginformation” within the meaning of applicable securities law. Forward-looking information isfrequentlycharacterizedbywordssuchas“plan”“expect”“project”“intend”“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 atthe date 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 delays or uncertainties with regulatoryapprovalsincludingthatoftheCSE.Thereareuncertaintiesinherentinforward-lookinginformation including factors beyond the Company’s control. There are no assurances that thebusinessplansforAgra Ventures describedinthisnewsreleasewillcomeintoeffectonthe terms or time frame described herein. The Company undertakes no obligation to updateforward-looking information if circumstances or management’s estimates or opinions shouldchange except as required by law. The reader is cautioned not to place undue reliance onforward-looking statements. Additional information identifying risks and uncertainties that couldaffect financial results is contained in the Company’s filings with Canadian securities regulatorswhichareavailableatwww.sedar.com.