Xebra Brands Ltd. announced that, subject to regulatory approval, it has retained the services of Venture Liquidity Providers Inc. (“VLP”) to initiate its market-making services to provide assistance in maintaining an orderly trading market for the common shares of the Company.
The market-making service will be undertaken by VLP through a registered broker, W.D. Latimer Co. Ltd. (“W.D. Latimer”), in compliance with the applicable policies of the CSE and other applicable laws, on an ongoing basis. For its services, the corporation has agreed to pay VLP five-thousand dollars (“$5,000”) per month for a period of 12 months. The agreement with VLP may be terminated at any time by the Company or VLP. The Company and VLP act at arm’s length, and VLP has no present interest, directly or indirectly, in the Company or its securities. The finances and the common shares required for the market-making services are provided by W.D. Latimer.
VLP is a specialized consulting firm based in Toronto providing a variety of services focused on TSX-Venture and CSE listed issuers.
Xebra is an International cannabis company focused on the development and sale of cannabis and CBD products in Mexico. Xebra is an absolute first mover in the Mexican cannabis sector, with the first ever granted authorization to a corporation by the COFEPRIS.