on Xebra Brands Ltd (CVE:XBRA)
Xebra Brands Announces Intent for Share Consolidation and Updates on MCTO
Xebra Brands Ltd., an international cannabis company, has announced plans to consolidate its issued and outstanding common shares. The consolidation will occur at a ratio of 10 pre-consolidation shares to 1 post-consolidation share. This action will reduce the total shares from 84,144,855 to approximately 8,414,486.
No fractional shares will be issued. Shares will be rounded to the nearest whole share. The new CUSIP number is expected by August 28, 2025, pending approvals. Shareholders need not act unless holding registered shares, in which case they should follow instructions from Computershare.
Additionally, Xebra provided an update on its management cease trade order (MCTO), initially announced on July 2, 2025. Delays in filing annual financial documents were due to liquidity and management changes. The company aims to complete these filings by August 29, 2025.
R. H.
Copyright © 2025 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Xebra Brands Ltd news