AgraFlora Organics Announces Issuance of Securities Pursuant to Debt Settlements
August 09 2019 - 9:30PM
AgraFlora Organics International Inc.
(“
AgraFlora” or the “
Company”)
(
CSE: AGRA) (Frankfurt: PU31) (OTCPK: AGFAF),
a growth oriented and diversified international cannabis company,
announces that it has completed debt settlements whereby the
Company issued a total of 319,551 common shares at deemed values of
$0.34 and $0.36 per common share to certain creditors for past
consulting and other services provided to Canutra Naturals Ltd., a
wholly-owned subsidiary of the Company, totaling approximately
$111,805. The shares issued are subject to a four month hold
period.
About AgraFlora Organics International
Inc.
AgraFlora Organics International Inc. is a
growth oriented and diversified company focused on the
international cannabis industry. It owns an indoor cultivation
operation in London, ON and is a joint venture partner in
Propagation Service Canada and its large-scale 2,200,000 sq. ft.
greenhouse complex in Delta, BC. The Company has a successful
record of creating shareholder value and is actively pursuing other
opportunities within the cannabis industry. For more information
please visit: www.agraflora.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Brandon Boddy Chairman & CEO T: (604) 682-2928
For additional information:
AgraFlora Organics International Inc. Tim
McNultyE: ir@agraflora.com T: (800) 783-6056 |
For French inquiries: Remy Scalabrini, Maricom Inc.E:
rs@maricom.ca T: (888) 585-MARI |
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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 AgraFlora Organics 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.
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