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AgraFlora Announces Debt Settlement


Inc.
AgraFlora Organics International Inc. is a cannabis company building shareholder value through the development of revenue-generating, operated assets in the global cannabis industry. AgraFlora is focused primarily on the Canadian cannabis industry – the world’s most advanced and regulated legal cannabis market. Its flagship Canadian asset is Propagation Services Canada, a large-scale commercial greenhouse in Delta, BC focused on reshaping the Canadian flower market with high-potency, low-cost cannabis. In addition, AgraFlora’s wholly-owned subsidiary, Farmako GmbH, is focused on becoming Europe’s leading distributor of medical cannabis. Farmako currently has active distribution operations in Germany and expects to commence active operations in the United Kingdom in 2021. For more information about AgraFlora, please visit www.agraflora.ca and its profile page on SEDAR at www.sedar.com. ....

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Cannabis Movers & Shakers: Phyto, HERBL, Treez, Fyllo, Auxly, AgraFlora, Viridis


Phyto Extractions Announces Departure Of Interim CEO
Phyto Extractions Inc., formerly known as Adastra Labs Holdings Ltd., (CSE:XTRX) (FRA: D2EP), said last Friday it had parted ways with J. Scott Munro, the company’s interim CEO and director.
Munro, who said he wanted to pursue “new external ventures,” will be replaced with a new permanent candidate.
Donald Dinsmore, chief operating officer of the British Columbia-based company, said that during Munro’s tenure Phyto Extractions had seen vast improvements across operations and the financial health of the company.”
Mark Shamber Joins HERBL As CFO
California-based cannabis distributor and supplier ....

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AgraFlora Announces Definitive Agreement to Sell its AAA Heidelberg Subsidiary


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 ex ....

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