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Cannabis and Hemp Insider

Xebra Announces $5 Million Private Placement Financing

"Xebra is expecting a decision by the Supreme Court of Justice of Mexico, pursuant to which it may be granted an injunction authorizing it to be the first in Mexico to legally commercialize hemp derived cannabinoids such as CBD and CBG. The injunction requested aims to include the right for the importation of seeds, cultivation anywhere in Mexico without a specific limitation on size, harvesting, processing, the creation of cannabis products with less than 1% THC, and the right to sell those products domestically or by export."

"Xebra has also been selected by the Dutch government, out of a competitive pool of applicants, as one of only five companies to compete for two exclusive licenses to cultivate medicinal cannabis in the Netherlands, with an initial six-year guaranteed government contract for each successful party, estimated at €70.5 million..."

030121 Xebra Announces $5 Million Privat
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