VANCOUVER, BC, Oct. 26, 2021 /PRNewswire/ - Xebra Brands Ltd.
("Xebra") (CSE: XBRA), a cannabis company, is pleased to
announce that it has been granted the trademark for its Vicious
CitrusTM cannabis infused Lemonade, for both the name
and corresponding slogan, "Lemonade for
RenegadesTM".
The Vicious CitrusTM trademark has been granted in
Australia, Brazil, Chile, Ecuador, Israel, Jamaica, Mexico, Norway, New
Zealand, Peru, Switzerland, United
Kingdom and the European Union. In addition, applications
for the name and slogan have been filed in Argentina, Canada, South
Africa, USA, Uruguay and Zimbabwe.
Rodrigo Gallardo,
President of Xebra, commented "We are pleased to be granted
these trademarks ahead of the commercial launch of our Vicious
Citrus THC Lemonade, planned for spring 2022. Additional
trademark grants are expected in the coming weeks".
Incentive Stock Options
Xebra has granted an aggregate of 8,100,000 incentive stock
options to certain directors, officers, employees and consultants
to purchase up to 8,100,000 common shares in the capital of Xebra.
The incentive stock options have an exercise price of $0.20 per share and expire on October 18, 2026.
For more on Vicious CitrusTM visit
www.viciouscitrus.com.
ON BEHALF OF THE BOARD:
Rodrigo Gallardo
President
Certain information contained in this press release
constitutes forward-looking statements under applicable securities
laws. Any statements that are not statements of historical fact may
be deemed to be forward-looking statements, these include, without
limitation, statements regarding Xebra Brands Ltd.'s ("XEBRA" or
"XEBRA'S") expectations in respect of its ability to successfully
execute its business plan or business model; its ability to provide
economic, environmental, social, or any benefits of any type, in
the communities it operates in or may operate it in the future; its
ability to be a first mover in a country, or to obtain or retain
government licenses, permits or authorizations in general, or
specifically in Mexico,
Colombia, Canada, the
Netherlands, or elsewhere; its ability to raise capital and
fund its ongoing operations; its ability to list its shares on a
stock exchange, its ability to successfully apply for and obtain
trademarks and other intellectual property in any jurisdiction; its
ability to be cost competitive; its ability to cultivate, grow, or
process hemp or cannabis in Mexico, Colombia, Canada, the
Netherlands, or elsewhere; its ability to manufacture
cannabis beverages, wellness products, or other products; its
ability to commercialize or sell cannabis beverages, wellness
products, or other products, in Mexico, Colombia, Canada, the
Netherlands, or elsewhere; its ability to commercialize or
to sell Vicious Citrus Lemonade in 2022 or at any time, in any
jurisdiction; its ability to commercialize or to sell Elements
wellness products in Mexico, in
Colombia, or in any jurisdiction
in 2021 or at any time; its ability to make cannabis beverages that
taste good; its ability to create wellness products that have a
therapeutic effect or benefit; plans for future growth and the
direction of the business; financial projections including expected
revenues, gross profits, and EBITDA (which is a non-GAAP financial
measure); plans to increase product volumes, the capacity of
existing facilities, supplies from third party growers and
contractors; expected growth of the cannabis industry generally;
management's expectations, beliefs and assumptions; events or
developments that XEBRA expects to take place in the future; and
general economic conditions. All statements, other than statements
of historical facts, are forward-looking information and
statements. The words "aim", "believe", "expect", "anticipate",
"contemplate", "target", "intends", "continue", "plans", "budget",
"estimate", "may", "will", and similar expressions identify
forward-looking information and statements. Forward-looking
statements are necessarily based upon a number of estimates and
assumptions that, while considered reasonable by XEBRA as of the
dates of such statements, are inherently subject to significant
business, economic and competitive uncertainties and contingencies.
Known and unknown factors could cause actual results to differ
materially from those projected in the forward-looking statements.
Such factors include, but are not limited to, the inability of
XEBRA to generate sufficient revenues or to raise sufficient funds
to carry out its business plan; the inability of Xebra to list its
shares for trading on a stock exchange; changes in government
legislation, taxation, controls, regulations and political or
economic developments in various countries; risks associated with
agriculture and cultivation activities generally, including
inclement weather, access to supply of seeds, poor crop yields, and
spoilage; compliance with import and export laws of various
countries; significant fluctuations in cannabis prices and
transportation costs; the risk of obtaining necessary licenses and
permits; inability to identify, negotiate and complete a potential
acquisition for any reason; the ability to retain key employees;
dependence on third parties for services and supplies;
non-performance by contractual counter-parties; general economic
conditions; and the continued growth in global demand for cannabis
products and the continued increase in jurisdictions legalizing
cannabis; and the timely receipt of regulatory approval for license
applications. The foregoing list is not exhaustive and XEBRA
undertakes no obligation to update or revise any of the foregoing
except as required by law. Many of these uncertainties and
contingencies could affect XEBRA's actual performance and cause its
actual performance to differ materially from what has been
expressed or implied in any forward-looking statements made by, or
on behalf of, XEBRA. Readers are cautioned that forward-looking
statements are not guarantees of future performance and readers
should not place undue reliance on such forward-looking statements.
There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ
materially from those set out in such statements.
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SOURCE Xebra Brands Ltd.