Xebra Brands Announces Closing of Shares for Debt Transaction

Xebra Brands Ltd. (CSE:XBRA)(OTCQB:XBRAD)(FSE:9YC0), a cannabis company based in Vancouver, BC, has completed its previously announced shares for debt transaction. The company converted $182,854.65 of accrued liabilities into 2,031,716 common shares, priced at $0.09 per share. This move is designed to preserve funds for ongoing operations and growth opportunities.

A portion (888,383 shares) of the issued stock is subject to a four-month holding period. Final acceptance from the Canadian Securities Exchange is still pending. Directors and officers received 703,333 shares, marking this a related party transaction under Multilateral Instrument 61-101.

These shares have not been registered under the U.S. Securities Act of 1933 and are not available for sale in the U.S. This release is not an offer to sell or a solicitation to buy these securities.