Mr. Rodrigo Gallardo reports

XEBRA BRANDS LTD EXECUTES MANUFACTURING AGREEMENT WITH RESTORATIVE BOTANICALS

Xebra Brands Ltd. signed a manufacturing agreement on March 22, 2024, with Restorative Botanicals, a leading provider of premium cannabidiol (cannabidiol) products. This collaboration marks a significant milestone for Xebra as it enhances its product portfolio with its first Mexican product launch of premium cannabidiol tinctures.

Under the terms of the agreement, Restorative Botanicals will manufacture a bespoke cannabidiol tincture exclusively for the Elements cannabidiol brand, leveraging its expertise in crafting high-quality, cannabinoid-infused products. The cannabidiol tinctures, tailored to meet Xebra's specifications, will offer consumers a premium wellness solution aimed at delivering on consumer needs.

The cannabidiol products will be manufactured in the United States, allowing Xebra to import finished products prior to receiving all federally approved confirmations from the COFEPRIS for domestically produced products. Xebra's long-term goal remains to manufacture locally in Mexico, but as consumers and retailers eagerly await domestically produced products, Xebra unlocks another commercial route through its import authorizations to satisfy these consumer needs. Xebra will introduce these Element branded products to prime the retail and commercial pathways in Mexico and lay the foundation for greater expansion and lower cost of production once domestic products are manufactured.

Restorative Botanicals is renowned for its commitment to quality and innovation in the cannabidiol industry. With a focus on natural ingredients and sustainable practices, Restorative Botanicals has earned a reputation for delivering premium cannabidiol products that prioritize consumer well-being.

The bespoke cannabidiol tincture crafted by Restorative Botanicals for Xebra will feature:

• High-quality, broad-spectrum cannabidiol extract sourced from organic hemp;
• Meticulously selected botanical ingredients for enhanced efficacy and flavour;
• Rigorous testing and quality assurance measures to ensure potency and purity.

Rodrigo Gallardo, interim chief executive officer of Xebra Brands, commented: "We are excited to partner with Restorative Botanicals to commercialize our unique product offerings ahead of domestic production. This collaboration ignites a commercial pathway to revenue by allowing our team to unlock the Mexican cannabidiol market and start forging partnerships with retailers and commercial outlets."

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