Agra Ventures Appoints Nick Kuzyk as Interim Chief Executive Officer
September 07 2022 - 5:00PM
Agra Ventures Ltd. (“AGRA”
or the
“Company”) (CSE: AGRA)
(OTC: AGFAF), a growth-oriented
and diversified company focused on the international cannabis
industry, announces that David Grand has resigned as Chief
Executive Officer (“
CEO”) and Chairman of the
Board of Directors (the “
Board”) 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. (NASDAQ: HITI) from its inception in 2018
until the founding of his independent practice in 2020.
Since that time, Mr. Kuzyk has also consulted to
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.”
About Agra Ventures
Ltd.
Agra Ventures 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 Ventures’ 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 is fully licensed in
the United Kingdom.
For more information about Agra Ventures, please
visit www.agraventures.com and its profile page on SEDAR at
www.sedar.com.
ON BEHALF
OF THE BOARD
OF DIRECTORS
Nick Kuzyk, Interim CEO E: ir@agraventures.comT:
(800) 783-6056
The CSE and Information Service Provider have
not reviewed and does not accept responsibility for the accuracy or
adequacy of this release.
Forward-looking
Information Cautionary
Statement
Except for statements of historic fact this news
release contains certain “forward-looking information” within the
meaning of applicable securities law. Forward-looking information
is frequently characterized by words such as “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 at the date the statements are made and are
subject to a variety of 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 regulatory approvals
including that of the CSE. There are uncertainties inherent in
forward-looking information including factors beyond the Company’s
control. There are no assurances that the business plans for Agra
Ventures described in this news release will come into effect on
the terms or time frame described herein. The Company undertakes no
obligation to update forward-looking information if circumstances
or management’s estimates or opinions should change except as
required by law. The reader is cautioned not to place undue
reliance on forward-looking statements. Additional information
identifying risks and uncertainties that could affect financial
results is contained in the Company’s filings with Canadian
securities regulators which are available at www.sedar.com.
SOURCE: Agra Ventures Ltd.
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