Agra Ventures’ Boundary Bay Cannabis receives $910,000 in purchase orders

Agra Ventures announces that the Propagation Services Canada Inc. joint venture of which it owns 70%, which is currently doing business as "Boundary Bay Cannabis" has received approximately $910,000 worth of purchase orders for its cannabis since August 31, 2022. The purchase orders were received from multiple parties and represent a total of over 725,000 grams of processed product. BBC’s strategy continues to be the growing and selling of bulk cannabis on a wholesale basis to other licensed producers across Canada. The greenhouse complex in Delta, BC, within which the Joint Venture operates, provides a strong opportunity for BBC to be as competitive as possible in the Canadian cannabis industry. However, declining market prices; rising labour and energy expenses; and the ongoing high cost of maintaining regulatory compliance are making it difficult for licensed producers like BBC to operate unless Health Canada’s review of the Cannabis Act yields some significant and imminent improvements.