Xebra Brands Ltd., a cannabis company, is pleased to announce a non-brokered private placement for gross proceeds of up to CAD$1,200,000. The Private Placement is for up to 10,000,000 units at a price of CAD$0.12 per unit. Each unit is comprised of one common share of Xebra (a “Share”), and a half warrant. Each full warrant entitles the holder, on exercise, to purchase one Share at a price of CAD$0.25 for a period of 12 months from the closing date of the Private Placement.
Finders’ Fees of 7% in cash or shares may be paid in connection with the Private Placement in accordance with the policies of the Canadian Securities Exchange (the “CSE”). The Private Placement is subject to approval by the CSE. Xebra intends to use the proceeds of the Private Placement for general working capital purposes.
About Xebra Brands
Xebra Brands Ltd is focused on cannabis cultivation and products, with global brands and intellectual property. Its products cover wellness and leisure and include beverages. It has one reportable business segment, being the cultivation, processing, manufacturing, design and delivery of cannabis products.
