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Xebra Brands Ltd. Progressing Quickly with CBD and CBG in Mexico

Stockhouse Editorial
1 Comment| December 20, 2021

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Xebra Brands Ltd.(CSE.XBRA, Forum) has announced that its wholly-owned Mexican subsidiary, Desart MX, SA de CV (Xebra Mexico), 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.

Xebra says it is moving quickly to take advantage of its absolute first-mover advantage. Discussions are underway to secure up to 300 hectares of suitable land for cultivation, and multiple Canadian and American companies with cannabis processing and extraction expertise have expressed an interest in partnering in Mexico. Manufacturing joint-venture opportunities with established Mexican parties have been identified, and distribution channels are being explored.

Full story here.


New to investing in Cannabis? Check out Stockhouse tips on How to Invest in Cannabis Stocks and some of our Top Cannabis Stocks.

For more of the latest info on Cannabis, check out the Cannabis Trending News hub. Or, for lively sector discussion, visit Stockhouse’s new Cannabis Bullboards page.


FULL DISCLOSURE: Xebra Brands Ltd. is a client of Stockhouse Publishing.


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