Xebra Brands Ltd. ( (TSE:XBRA) ) has provided an announcement.
Xebra Brands Ltd. has announced a non-brokered private placement aiming to raise up to $150,000 by issuing 3,000,000 units at $0.05 per unit. Additionally, the company plans to settle $450,000 of debt by issuing 9,000,000 common shares to preserve funds for operations and growth, subject to regulatory approvals. This strategic move is expected to improve the company’s financial stability and facilitate further expansion.
More about Xebra Brands Ltd.
Xebra Brands Ltd. is a cannabis company involved in the production and distribution of cannabis products. The company operates in the cannabis industry and focuses on developing its market presence through strategic financial maneuvers.
YTD Price Performance: 125.00%
Average Trading Volume: 68,625
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$3.38M
See more insights into XBRA stock on TipRanks’ Stock Analysis page.
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