Xebra Brands Completes Strategic Shares for Debt Deal

Xebra Brands Ltd. (TSE:XBRA) has released an update.

Xebra Brands Ltd., a leading international cannabis company, has finalized a shares for debt transaction where it resolved $182,854.65 of debt by issuing over 2 million common shares. This strategic move allows the company to conserve cash for ongoing operations and future growth. The transaction, which includes shares issued to insiders, is subject to a hold period and is pending final acceptance by the Canadian Securities Exchange.

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