Xebra Brands Ltd.

09:10 AM EST - Xebra Brands Ltd. : Announced that it has fully satisfied the terms of the 100% acquisition of Desart MX, SA de CV, via the issuance of 48 million common shares of Xebra. The shares were issued to five Mexican vendors and are being placed in escrow with staged releases over 38 months. Desart has been granted an injunction by the Mexican Supreme Court, that has positioned it with an outright first-mover-advantage in the Mexican CBD and CBG market. Official licenses will be granted by the Mexican Health Regulatory Agency (COFEPRIS) in due-course. The Supreme Court decision is irrevocable and cannot be appealed. Xebra Brands Ltd. shares C.XBRA are trading unchanged at $0.25.

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