Agra Ventures Appoints Nick Kuzyk as Permanent Chief Executive Officer and Director
February 23 2023 - 6:30AM
Agra Ventures Ltd. (“AGRA”
or the
“Company”) (CSE: AGRA)
(OTC: AGFAF), a company with
diversified assets focused on the cannabis industry, announces that
its Board of Directors (the “
Board”) has appointed
Nick Kuzyk as AGRA’s CEO and Director on a permanent basis
effective March 1, 2023, subject to the final acceptance of the
Canadian Securities Exchange (the “
CSE”). Based on
his strong performance as Interim CEO and Director over the past
six months, the Board has deemed it appropriate for Mr. Kuzyk to
continue in the roles and, therefore, the search for a permanent
CEO is concluded.
Anthony Carnevale, Independent Director, said,
“The Board is pleased to appoint Nick as AGRA’s permanent CEO and
Director. He has earned the opportunity to continue in the role as
the Company’s leader for the foreseeable future. Nick has worked
hard to understand AGRA’s current situation and to create value
where possible. We feel that he will continue to do his best to
make the most of the opportunities in front of the Company going
forward.”
As previously announced, Nick has 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.
About Agra Ventures
Ltd.
Agra Ventures is a company with diversified
assets focused on the cannabis industry. It is dedicated to the
cultivation and sale of high-quality cannabis and cannabis-related
products worldwide. Agra Ventures’ primary asset in Canada is its
70% ownership of Boundary Bay Cannabis located in Delta, BC.
Boundary Bay Cannabis utilizes part of a large greenhouse complex
in order to focus 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 as well as its proprietary CBD and THC test kits.
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, 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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