Xebra Commences Trading on OTCQB
Xebra Brands Ltd. (CSE: XBRA, OTC: XBRAF) has upgraded its listing to trade on the OTCQB Venture Markets as of January 10, 2022. This transition aims to enhance liquidity and provide a seamless trading experience for U.S. investors. The upgrade mandates greater transparency and reporting standards, including exemptions from U.S. state securities laws. Additionally, Xebra has submitted an application for DTC eligibility to FINRA.
- Upgrading to OTCQB may increase liquidity for investors.
- Enhanced reporting requirements could improve company transparency.
- DTC eligibility application submitted, potentially easing trading.
- None.
VANCOUVER, BC, Jan. 10, 2022 /PRNewswire/ - Xebra Brands Ltd. ("Xebra") (CSE: XBRA) (OTC: XBRAF) (FSE: 9YC), a cannabis company, is pleased to report that it has been upgraded to trade on the OTCQB Venture Markets effective today Monday January 10th, 2022. The ticker remains unchanged: XBRAF.
It is anticipated that Xebra's upgraded listing to the OTCQB will provide greater liquidity and a more seamless trading experience for U.S. investors. With enhanced reporting requirements and greater transparency required with the OTCQB listing, the upgrade also provides exemptions from U.S. state securities laws or "blue sky" exemptions which may help to further increase liquidity and expand investment advisors' ability to research and recommend investment in Xebra.
In addition, Xebra has completed an application for DTC eligibility, which has been submitted to the Financial Industry Regulatory Authority (FINRA).
ON BEHALF OF THE BOARD:
Rodrigo Gallardo
President
For more information contact:
+1 (604) 418-6560
ir@xebrabrands.com
Certain information contained in this press release may constitute forward-looking statements under applicable securities laws. Any statements that are not statements of historical fact may be deemed to be forward-looking statements, these include, without limitation, statements regarding Xebra Brands Ltd., management's expectations, beliefs and assumptions; events or developments that Xebra expects to take place in the future; general economic conditions; and other risk factors described in the prospectus of the Company dated September 30, 2021. All statements, other than statements of historical facts, are forward-looking information and statements. The words "aim", "believe", "expect", "anticipate", "contemplate", "target", "intends", "continue", "plans", "budget", "estimate", "may", "will", and similar expressions identify forward-looking information and statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Xebra as of the dates of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include, but are not limited to, the inability of Xebra to generate sufficient revenues or to raise sufficient funds to carry out its business plan; changes in government legislation, taxation, controls, regulations and political or economic developments in various countries; risks associated with agriculture and cultivation activities generally, including inclement weather, access to supply of seeds, poor crop yields, and spoilage; compliance with import and export laws of various countries; significant fluctuations in cannabis prices and transportation costs; the risk of obtaining necessary licenses and permits; inability to identify, negotiate and complete a potential acquisition for any reason; the ability to retain key employees; dependence on third parties for services and supplies; non-performance by contractual counter-parties; general economic conditions; the continued growth in global demand for cannabis products and the continued increase in jurisdictions legalizing cannabis; and the timely receipt of regulatory approval for license applications. The foregoing list is not exhaustive and Xebra undertakes no obligation to update or revise any of the foregoing except as required by law. Many of these uncertainties and contingencies could affect Xebra's actual performance and cause its actual performance to differ materially from what has been expressed or implied in any forward-looking statements made by, or on behalf of, Xebra. Readers are cautioned that forward-looking statements are not guarantees of future performance and readers should not place undue reliance on such forward-looking statements. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those set out in such statements.
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SOURCE Xebra Brands Ltd.
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