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Agra Ventures Ltd looking to be a top cannabis player in Canada and Europe
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AgraFlora Organics International Inc intends to be a top cannabis player in Canada and Europe
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AgraFlora Organics CEO says recent asset sales give ‘us the financial flexibility’ to enter lucrative markets
CEO Elise Coppens said AgraFlora is in “the best financial shape that it has been in over 24 months” after the sale of EIC and AAA Heidelberg Coppens said the Edibles and Infusions Corporation sale to Organigram for proceeds of up to $35 million was a strategic decision
AgraFlora Organics International Inc (CSE:AGRA) (OTCMKTS:AGFAF) (FRA:PU31) CEO Elise Coppens told shareholders the “transformational sale” of two of its assets provided the company with the financial flexibility to look at entering more lucrative markets.
On Tuesday, AgraFlora struck an agreement to sell The Edibles & Infusions Corporation (EIC), an entity in which AgraFlora owns 43%, to Organigram Holdings Inc (TSE:OGI) (NASDAQ:OGI) (FRA:0OG) for $35 million.
NA Proactive news snapshot: Delta 9 Cannabis Inc, Adastra Labs Holdings Ltd, KushCo Holdings, Marble Financial UPDATE …
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Delta 9 Cannabis Inc (TSE:DN) (OTCQX:DLTNF) will be presenting at the Virtual Planet MicroCap Showcase on Wednesday, April 21, 2021 at 3:30PM ET. John Arbuthnot, CEO of Delta 9 will be hosting the presentation and answering questions from investors. To access the live presentation, please use the following link: https://www.webcaster4.com/Webcast/Page/2059/40628. To book one-on-one investor meetings with Delta 9 s Founder and CEO John Arbuthnot and to watch Delta 9 s presentation, please register for the virtual event here: https://planetmicrocapshowcase.com/signup
AGFAF) is pleased to announce the signing of a definitive agreement (the “Agreement”) to sell its wholly-owned subsidiary, AAA Heidelberg Inc. (“AAA”), for cash consideration of approximately $1 million (the “Transaction”). AAA operates an 8,800 square foot indoor growing facility in London, Ontario. The closing of the Transaction is subject to customary approvals and is expected to occur in the second quarter of 2021.
“With the positive developments being experienced in Delta, BC at our Propagation Services Canada facility, the AAA Heidelberg subsidiary was deemed to be non-core to the Company. Further, streamlining AgraFlora’s strategy, focusing on our core assets and benefiting from the cash proceeds of this Transaction are all high priorities for us at this transformative time,” said Elise Coppens, Chief Executive Officer and Director of AgraFlora. “On behalf of the Board of Directors, I would like to thank the purchaser for their professionalism and expedien
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