Xebra Brands Moves Forward with Strategic Cannabis Developments in Mexico

Xebra Brands Ltd., a key player in the Mexican cannabis industry, has reported that its largest shareholder, David Ross Macias Diaz, increased his stake by purchasing 1,000,000 shares. This acquisition solidifies Diaz's belief in Xebra's long-term strategy and growth potential in Mexico's cannabis market.

Simultaneously, Xebra is in discussions with Diaz to form an agricultural agreement utilizing his land for cannabis cultivation. This initiative, utilizing Xebra's federal authorization, represents a significant development for both Xebra and the Mexican cannabis industry as a whole.

This marks the first federally compliant agricultural agreement in the Mexican cannabis sector. Xebra's unique position with full approval from COFEPRIS enhances its capability to financially utilize the regulatory progress in the country. Details of the agreement will be released following finalization and compliance.