Agra Ventures extends 10% convertibles, issues shares to satisfy interest

By Wendy Van Sickle

Columbus, Ohio, April 5 – Agra Ventures Ltd. entered an agreement with holders of its 10% convertible debentures to extend the maturity date an additional 12 months to March 12, 2023, according to a news release.

The company has also satisfied the C$2.1 million of accrued interest on the debentures from Jan. 1, 2021 to Dec. 31, 2021 by issuing 1.2 million shares of company stock to holders on a pro rata basis.

Agra Ventures, formerly AgraFlora Organics International Inc., is a Vancouver, B.C.-based global cannabis company.

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