Xebra Brands Finalizes Shares-for-Debt Transaction as Strategic Financial Move

An update from Xebra Brands Ltd. ( (TSE:XBRA) ) is now available.

Xebra Brands Ltd. has finalized a shares-for-debt transaction to settle $448,146 in accrued liabilities by issuing 8,962,917 common shares, allowing the company to preserve funds for operational growth. This move, involving related party transactions, is subject to Canadian Securities Exchange approval and follows Xebra’s plans for a private placement to raise additional capital, reflecting strategic financial management to strengthen its market position.

More about Xebra Brands Ltd.

Xebra Brands Ltd. is an international cannabis company focused on delivering high-quality CBD products globally. The company emphasizes compliance, quality, and innovation to maintain its leading position in the CBD industry.

YTD Price Performance: 100.0%

Average Trading Volume: 45,779

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$3.01M

For a thorough assessment of XBRA stock, go to TipRanks’ Stock Analysis page.