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Digicann Ventures Inc. (CSE: DCNN) (OTCPK: AGFAF) is a dynamic company primarily engaged in the cannabis industry. Headquartered in Vancouver, British Columbia, Digicann Ventures focuses on exploring opportunities within and outside the cannabis sector. The company recently gained attention by selling its European platform, AgraFlora Europe GmbH, for €500,000. This strategic move allowed Digicann to streamline operations and focus on its core business areas.
AgraFlora Europe was established to handle the import, storage, and wholesale distribution of medicinal cannabis and related products. It held 100% shares in several subsidiaries, including Farmako GmbH and The Good Company Luxembourg SARL, which were involved in various aspects of the medicinal cannabis supply chain.
In a significant financial maneuver, Digicann has repurchased $14.2 million in convertible debentures, reducing its outstanding debts by over 93%. This transaction greatly enhances the company's financial health, positioning it for future growth and stability. Additionally, Digicann has issued restricted share units (RSUs) to its directors and officers, aligning their interests with shareholders and fostering a committed leadership team.
The company continues to push forward with its strategic goals, recently announcing an extension for the maturity date of its remaining $1 million in senior unsecured convertible debentures. This decision provides additional financial flexibility and supports ongoing operations.
For those interested in the latest updates and developments about Digicann Ventures Inc., please visit their official website or their SEDAR profile.
Management:
Chief Executive Officer: Nick Kuzyk
Email: ir@digicann.io
Phone: (800) 783-6056
Agra Ventures Ltd. (CSE: AGRA, OTCPK: AGFAF) has announced the issuance of 3,079,774 common shares at approximately $0.05 per share as part of a loan interest payment from December 2020. This action is pending final acceptance from the Canadian Securities Exchange and is subject to a four-month and one-day hold period. The company is focused on the cannabis industry, primarily through its 70% ownership of Boundary Bay Cannabis in Canada and its wholly owned subsidiary, Farmako GmbH, which aims to be a leading distributor of medical cannabis in Europe. Agra Ventures possesses a diversified asset portfolio, enhancing its position in the evolving cannabis market.
Agra Ventures Ltd. (CSE: AGRA, OTC: AGFAF) has appointed Nick Kuzyk as its permanent CEO and Director effective March 1, 2023. This decision follows Kuzyk's successful tenure as Interim CEO over the past six months. The Board expressed confidence in his ability to create value and navigate the company's opportunities in the cannabis sector. Kuzyk brings over 20 years of experience in business development and corporate finance within the cannabis industry, having previously served as Chief Strategy Officer at High Tide Inc. Agra Ventures focuses on cannabis cultivation and distribution, both in Canada and Europe.
Agra Ventures Ltd. (CSE: AGRA, OTC: AGFAF) has approved the issuance of 2,856,449 common shares at approximately $0.05 per share. This issuance is intended to cover part of the quarterly interest on a loan from December 2020. The shares will be subject to a hold period of four months and one day. Agra Ventures focuses on the international cannabis industry, with significant operations in Canada through Boundary Bay Cannabis and a presence in Europe via Farmako GmbH, which is engaged in medical cannabis distribution.
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