on Xebra Brands Ltd (CVE:XBRA)
Xebra Brands Delays Share Consolidation Amid Regulatory Hurdles
Xebra Brands Ltd., a cannabis company, announced a delay in its planned share consolidation due to regulatory requirements. The consolidation, initially set for August and September 2025, proposes exchanging ten pre-consolidation shares for one post-consolidation share. However, this will only proceed once a cease trade order is revoked. The delay stems from compliance issues with the Canadian Securities Exchange, and Xebra is actively working to meet the necessary regulations. Further updates will be announced as progress is made in addressing these filing requirements.
R. H.
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