Xebra Brands Updates on Share Consolidation

Xebra Brands Ltd., an international cannabis company, announced that its planned share consolidation will be effective on September 19, 2025. The consolidation will convert ten existing shares into one new share. This move, however, does not affect the company's name or trading symbol.

Despite the consolidation, shares will remain under a cease trade order until Xebra files its outstanding financial documents. The British Columbia Securities Commission issued this order due to missed financial statement submissions for the year ended February 28, 2025, and the interim period ending May 31, 2025.

The new CUSIP number is 98402E305 while the ISIN is CA98402E3059. The total number of shares will reduce to approximately 8,065,442. Regulatory approval, including from the Canadian Securities Exchange, is pending. Instructions for registered shareholders to exchange share certificates will be provided. Non-registered shareholders do not need to take action.