XBRAF - Xebra provides Mexican authorization updates for cannabis announces executive changes
- Xebra Brands ( OTCQB:XBRAF ) on Thursday provided an update on the issuance of its Mexican cannabis authorizations and announces management changes.
- A Mexican court has granted the Mexican Health Regulatory Agency another extension to the week of February 6 th to fulfill the Supreme Court mandate to grant Xebra cannabis authorizations.
- Xebra has been provided with copies of the extension request made by the COFEPRIS to the court; the documents reference the cooperation of high-ranking officials and are clearly indicative of genuine efforts being made by the COFEPRIS to comply with the Supreme Court to grant Xebra the cannabis authorizations.
- Xebra also announcesd that Robert Giustra has resigned as chairman and director in order to focus on his mining ventures.
- Andrew Yau, CFO and Daniela Freitas, Corporate Secretary have also resigned with Giustra to focus on the mining sector.
- Rodrigo Gallardo, Xebra's President, has been appointed CFO and Corporate Secretary on an interim basis.
- Shares -8.6% at 2 cents on the OTC exchange as of 9:30 AM ET.
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Xebra provides Mexican authorization updates for cannabis, announces executive changes