Mr. Jay Garnett reports

XEBRA ANNOUNCES VOTING RESULTS OF ITS ANNUAL GENERAL AND SPECIAL MEETING

Xebra Brands Ltd. has released the voting results from the company's annual general and special meeting of shareholders held on Nov. 7, 2023. A total of 18,935,030 common shares of the company were represented at the meeting, representing 34.73 per cent of the total issued and outstanding shares of the company as at the record date of Sept. 28, 2023.

Shareholders voted in favour of all matters brought before them at the meeting, which matters are discussed in detail in the company's management information circular dated Sept. 28, 2023, which is available on SEDAR+.

The voting results are based on the total number of votes that were cast at the AGSM.

About Xebra Brands Ltd.

Xebra is an international cannabis cultivation and product company, with global brands and intellectual property. Xebra's focus includes beverages, wellness and leisure. Xebra is an absolute first mover in the Mexican cannabis sector, with the first-ever granted authorization to a corporation by the Federal Commission for the Protection against Sanitary Risk. In Canada, Xebra retails its unique Vicious Citrus OG and NEO tetrahydrocannabinol/cannabidiol lemonades.