Vancouver BC / NEWSWIRE / December 6, 2019 /CNW/ - Agrios Global Holdings Ltd. (CSE: AGRO) (OTCQB: AGGHF) (FSE: ØSA - WKN-A2N62K) ("Agrios" or the "Company") is pleased to confirm as previously announced that Chris Kennedy, President & CEO of Agrios will present at the annual Munich Kapital Konference (the “MKK”) on December 11, 2019, at 11:10 AM in Munich Germany.
The MKK, a two-day event arranged by GBC AG, is the largest “by invitation only” capital market conference in Germany and is well attended by institutional investors, portfolio managers, asset managers, family offices, high net worth individuals, and media outlets. In addition to Agrios’ featured presentation, December 11, 2019, At 11:15 AM, the Company has confirmed numerous one-on-one meetings with interested parties during the event.
The Company further announces the resignation of Mr. Herrick Lau, as CFO, and Corporate Secretary and Director of Agrios effective immediately. Mr. Larry Ellison who currently serves as Chief Administrative Operating Officer and Director of Agrios has been appointed as Interim CFO effective immediately.
Ms. Vania Gaudia, currently serving as Director of Operations has been appointed to the position of V.P. Operations. Additionally Ms. Gaudia shall serve as Corporate Secretary effective immediately.
“On behalf of our team, I would like to thank Mr. Lau for his service and contributions during his tenure. We wish him well in all his future endeavours” stated Chris Kennedy President & CEO of Agrios.
The Company has granted incentive stock options (the “Options”) to purchase up to 100,000 common shares of the Company to officers of the Company. The Options are subject to the terms of the Company’s stock option plan and are exercisable for a period of five years at C$0.27 per share.
The Company’s Annual General Meeting will be held December 20, 2019, at 10:30 AM PST, at Suite 2250 -1055 W. Hastings Street Vancovuer B.C. All AGM materials can be found on the Agrios’ website under the investor tab, or by clicking https://www.agriosglobal.com/investors/annual-general-meeting/
About Agrios Global Holdings Ltd.
Agrios Global Holdings is a data analytics driven agriculture technology and services company advancing the latest innovations in indoor growing science. The Company owns, leases and manages properties and equipment for eco-sustainable agronomy and provides advisory services to support all aspects of aeroponic cultivation in the cannabis sector. Agrios is actively pursuing new opportunities to expand its portfolio of tenant growers and infrastructure assets in strategic licensed jurisdictions. Based in Vancouver, BC. Agrios is managed by a highly accomplished team of experienced industry and capital markets experts who are committed to the growth of the company.
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This news release was prepared by management of Agrios, which takes full responsibility for its contents. The Canadian Securities Exchange ("CSE") has not reviewed and does not accept responsibility for the adequacy of this news release. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in Agrios' periodic filings with Canadian securities regulators. When used in this news release, words such as "will, could, plan, estimate, expect, intend, may, potential, believe, should," and similar expressions, are forward-looking statements.
Forward-looking statements may include, without limitation, statements related to corporate strategy and Agrios’ ability to execute such strategy, future developments regarding Agrios’ expansion into various markets including numerous states within the United States of America, and into Asia, expected costs of hemp fiber, intended development and sales of hemp products, market demand for hemp products, and the business and operations of Agrios as it relates to the Yunnan Province
Although Agrios has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended, including, but not limited to: dependence on obtaining regulatory approvals; investing in target companies or projects which have limited or no operating history and are engaged in activities currently considered illegal under US Federal laws; change in laws; limited operating history; reliance on management; requirements for additional financing; competition; hindering market growth and state adoption due to inconsistent public opinion and perception of the medical-use and adult-use marijuana industry and; regulatory or political change.
There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. Because of these risks and uncertainties, the results or events predicted in these forward-looking statements may differ materially from actual results or events.
Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this release. Agrios disclaims any intention or obligation to update or revise such information, except as required by applicable law, and Agrios does not assume any liability for disclosure relating to any other company mentioned herein.