VANCOUVER, BC / ACCESSWIRE / December 11, 2024 / Xebra Brands Ltd. ("Xebra" or the "Company") (CSE:XBRA)(OTCQB:XBRAF)(FSE:9YC0), a cannabis company, is pleased to announce that, subject to the approval of the Canadian Securities Exchange, it is extending the expiry date of an aggregate of 13,311,731 outstanding warrants (the "2023 Warrants").
The exercise price of the 2023 Warrants is $0.10. Initially set to expire on September 6, 2024, the original expiration date was previously extended to December 31, 2024. The Company has decided to further extend the expiration date of the 2023 Warrants to June 30, 2025. All other terms and conditions of the 2023 Warrants remain unchanged.
"Several of Xebra's warrant holders have expressed interest in exercising their warrants, and this extension provides the necessary time to facilitate that process. The funds from these warrants will provide additional capital to support our growth and strengthen our first-mover advantage in Mexico," said Rodrigo Gallardo, Interim CEO, President and Director.
ON BEHALF OF THE BOARD:
Rodrigo Gallardo
Interim CEO, President and Director
