Mexico Welcomes Legal CBD: Xebra Brands & ICAN Pave The Way With CBD Supply Deal
Portfolio Pulse from Patricio Liddle
Xebra Brands Ltd. (OTCQB:XBRAF) has entered into a CBD supply agreement with ICAN Green S.A. de C.V. to provide CBD isolate to Desart MX, a division of Xebra, for manufacturing legal CBD products in Mexico. This deal, exclusive for two years with potential annual renewals, positions Xebra as the only company in Mexico with federal approval for comprehensive cannabis operations. The agreement aims to accelerate the commercialization of CBD products in Mexico, leveraging ICAN's reputation in Latin America.
February 21, 2024 | 4:59 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Xebra Brands Ltd. (XBRAF) finalizes a CBD supply agreement with ICAN Green, aiming to boost its position in the Mexican CBD market. The deal, exclusive for two years, could significantly impact Xebra's operations and market presence in Mexico.
The agreement with ICAN Green positions Xebra Brands as a key player in the Mexican CBD market, potentially leading to increased market share and revenue. The exclusivity and potential for renewal of the deal underscore its significance for Xebra's strategic positioning and operational capabilities in Mexico.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100