Xebra Brands Announces Warrant Extension

VANCOUVER, BC / ACCESSWIRE / September 12, 2024 / Xebra Brands Ltd. ("Xebra" or the "Company") (CSE:XBRA)(OTCQB:XBRAF)(FSE:9YC0), a cannabis company, has announced the extension of the expiry date of an aggregate of 13,311,731 outstanding warrants (the "2023 Warrants"). The 2023 Warrants were issued as part of the unit financing on March 6, 2023.

The initial exercise price of the 2023 Warrants is CAD$0.10, and their original expiration date was September 6, 2024. The Company proposed extending the expiration date to December 31, 2024. All other terms and conditions of the 2023 Warrants remain unchanged.

"We are pleased that our close shareholders have expressed interest to exercise warrants and this extension will give us that time. These warrants will provide the necessary capital to continue to grow and execute our first mover advantage in Mexico," said Rodrigo Gallardo, Interim-CEO.

The Canadian Securities Exchange (CSE) has approved the extension of the 2023 Warrants.