Xebra Brands Ltd. (TSE:XBRA) has released an update.
Xebra Brands Ltd., a cannabis company, has successfully completed a shares for debt transaction, converting $266,690 of debt into 4,848,909 common shares to conserve cash for operational growth. The shares are subject to a four-month hold period and the transaction involves insider participation, which is considered a related party transaction under certain securities regulations. Additionally, the company has granted 3.2 million stock options to directors, officers, and consultants, exercisable at $0.10 per share for three years.
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