AgraFlora announces the issuance of shares – Dispatch Marihuana Website Mississauga Canada

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/ THIS PRESS RELEASE IS NOT TO BE DISTRIBUTED TO THE UNITED STATES OR TO NEWSWIRE TRANSMISSION AGENCIES IN THE UNITED STATES /

VANCOUVER, April 29, 2019 / CNW / – AgraFlora Organics International Inc. ("AgraFlora»Or«Society") (CSE: AGRA) (Frankfurt: PU31) (OTCPK: PUFXF), a diversified, growth-oriented global cannabis company, is pleased to announce that following its March 20 news releases 2019 and of March 25, 2019, it finalized several issues of common shares in favor of third parties as presented below.

Propagation Services Canada Inc. ("PSC"):

A total of 20,588,235 Shares have been issued in connection with a share purchase agreement with PSC and its shareholders (the "shareholders PSC"Dated March 19, 2019 (the"convention"). Pursuant to this Agreement, the Company acquired 10% of the outstanding, participating, non-voting Class B common shares of PSC (the "stock PSC") Of the PSC Shareholders for consideration of $ 14,000,000 payable through the issuance of 20,588,235 Shares of the Company at a price of $ 0.68 per Share.

Consulting Services:

The Company has also issued 10,000,000 Shares at a deemed price of $ 0.51 per Share to key personnel including related parties who are working with PSC in our 2.2 million greenhouse project. square feet located in Delta, British Columbia (the "Delta ComplexAs announced on June 29, 2018.

Letter of intent:

In accordance with a letter of intent dated May 22, 2018, the Company has issued the first tranche of 1,250,000 Shares to Cornelius Houwelings (the "Consultant") At a deemed price of $ 0.51 per Share. As mentioned in the LOI, the Company has agreed to issue a total of 5,000,000 to the Consultant, and the remaining 3,750,000 Shares to be issued as follows:

Date of issue

Nb. Shares

June 25, 2019

1,250,000

September 25, 2019

1,250,000

December 25, 2019

1,250,000

Total:

3,750,000

The Company also agreed to issue to the Consultant an additional 5,000,000 shares when the Delta Complex became 100% operational in the production of cannabis.

Supply Contract:

The Company has also issued 281,690 Shares at a deemed price of $ 0.71 per Share in favor of Vendure Genetics Labs Inc. (the "Provider") pursuant to a Supply Agreement dated December 26, 2018, pursuant to which the Company agrees to purchase certain herbal plants and herbal products from the Supplier for a total consideration of $ 200,000, payable in Shares.

All issued Shares are subject to a legal holding period of four months.

About Delta Organic Cannabis Corp.

DOCC is a vertically integrated cannabis business formed by some of the most successful pioneers in the industry.

About Propagation Services Canada Inc.

Propagation Services Canada is a joint venture focused on the cannabis market and spread in Canada. Its Delta Greenhouse Complex covers approximately 2.2 million square feet and represents one of the most technologically advanced greenhouses in North America, with an experienced team, complete propagation services, HVAC system, lighting and lighting systems. water supply and its 8.8 MW generator.

About AgraFlora Organics International Inc.

AgraFlora Organics International Inc. is a diversified, growth-oriented global cannabis company. It has an indoor culture facility in London, in Ontario, and is a partner in the Propagation Service Canada joint venture, which owns a large 2,200,000 square foot greenhouse complex in Delta, British Columbia. AgraFlora has been able to create value for its shareholders and is actively seeking other opportunities in the cannabis industry. For more information, please visit: www.agraflora.com

ON BEHALF OF THE BOARD OF DIRECTORS

Derek Ivany
CEO & President

No stock exchange or securities regulatory authority has reviewed or accepted the responsibility for the adequacy or accuracy of this release.

Some of the statements contained in this press release are forward-looking statements, such as estimates and statements, that describe the plans, objectives or future objectives of the issuer, including statements that the issuer or management expects what a given condition or result occurs. Because forward-looking statements address future events and conditions, by their nature they involve inherent risks and uncertainties.

SOURCE AgraFlora Organics International Inc.

For further information: AgraFlora Organics International Inc., Tim McNulty, E: ir@agraflora.com, T: (800) 783-6056; For French communication from AgraFlora: Remy Scalabrini, Maricom Inc., E: rs@maricom.ca, T: (888) 585-MARI

Related Links

https://www.agraflora.com/

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