Mr. Jay Garnett reports

XEBRA FILES ANNUAL AND INTERIM FINANCIAL STATEMENTS

Further to the company's press releases dated July 27, 2023, and Aug. 10, 2023, Xebra Brands Ltd.'s audited financial statements and management's discussion and analysis (MD&A) for the year ended Feb. 28, 2023, and its financial statements and MD&A for the interim period ended May 31, 2023, have now been released and filed under the company's profile on SEDAR+.

Having filed the annual filings and the interim filings, Xebra is no longer in default of its continuous disclosure obligations under National Instrument 51-102 -- Continuous Disclosure Obligations.

While the preparation of the annual filings and the interim filings took longer than expected, the company does not anticipate such delays with future filings.

About Xebra Brands Ltd.

Xebra Brands is an international cannabis cultivation and product company, with global brands and intellectual property. Xebra's focus includes beverages, wellness and leisure. Xebra Brands is an absolute first mover in the Mexican cannabis sector with the first ever granted authorization to a corporation by the COFEPRIS (Federal Commission for Protection against Health Risks). In Canada, Xebra Brands retails its unique Vicious Citrus THC (tetrahydrocannabinol)/CBN (cannabinoid) lemonades.

We seek Safe Harbor.