FinancialBuzz.com’s latest The Buzz Show: Featuring Our Corporate News Recap on “Xebra Brands Ltd. Announces that Mexican Supreme Court set a date to vote on granting the company an injunction to commercialize cannabis”
Xebra Brands Ltd. (CSE: XBRA) climbed over 9% in premarket trading after the Mexican Supreme Court set a date to vote on granting the company an injunction to commercialize cannabis.
Should the injunction be granted, Xebra could be authorized to import cannabis seeds into Mexico and cultivate as well as process cannabis with low levels of THC, and operate irrespective of when or if Mexico legalizes cannabis.
Upon legalization of cannabis, Mexico will become the largest cannabis consumer market in the world by country (until such time as the U.S. federally legalizes). However, as part of the USMCA Free Trade Zone, Mexico is poised to become the principal industrial-scale cannabis producer and supplier in North America.
Xebra’s strategy is to be the absolute first mover in cannabis in Mexico, in advance of formal legalization, by obtaining a Supreme Court injunction to legally commercialize hemp derived cannabinoids such as CBD and CBG.
Xebra is a cannabis company, with global brands and intellectual property. Xebra’s global brands include beverages, wellness and leisure. Cultivation is focused in low-cost countries, and in jurisdictions where Xebra can achieve an early mover status. Xebra is well positioned in Mexico within the USMCA Free Trade Zone (formerly NAFTA), and is 1 of 5 companies whereby two will be selected by the government of the Netherlands to participate in cultivation trials, to supply all medicinal cannabis sold through Dutch pharmacies, under guaranteed government contracts.
For more information, please visit: Xebra Brands Ltd.
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