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  • AgraFlora Organics (AGRA) announces anticipated first sales and revenue for its cannabis production facility Propagation Services Canada Inc.
  • Propagation Services Canada Inc. is expected to report initial revenue in Summer 2021
  • The company's board of directors has approved the settlement of services rendered through the issuance of common shares of AgraFlora
  • AgraFlora issued an aggregate of 1,420,018 common shares at a deemed price of $0.05 cents per share to settle $71,000.92 with certain creditors
  • AgraFlora Organics International Inc. is a growth-oriented company focused on the international cannabis industry
  • AgraFlora Organics (AGRA) is down 15.38 per cent, trading at C$0.55 per share at 1:30 pm EST

AgraFlora is pleased to provide further detail regarding initial sales and revenue for its cannabis production facility, Propagation Services Canada Inc.

Propagation Services Canada (PSC) is expected to report initial revenue in Summer 2021.

“We have made recent modifications to existing infrastructure which has allowed us to significantly increase our drying capacity and increase revenue for summer 2021,” Ruben Houweling, general manager stated.

Recent modifications and calibrations provided by an international partner to their existing drying rooms have allowed PSC to almost double the anticipated drying capacity for a minimal investment.

The company also announced that its board of directors has approved the settlement of services rendered through the issuance of common shares of the company.

Pursuant to the debt settlements, AgraFlora issued an aggregate of 1,420,018 common shares at a deemed price of $0.05 cents per share to settle $71,000.92 with certain creditors.

AgraFlora Organics International Inc. is a growth-oriented company focused on the international cannabis industry.

AgraFlora is down 15.38 per cent, trading at C$0.55 per share at 1:30 pm EST.

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