Vancouver, British Columbia–(Newsfile Corp. – March 14, 2023) – Xebra Brands Ltd. (CSE: XBRA) (OTCQB: XBRAD) (FSE: 9Y0) (“Xebra”), an international cannabis company, is pleased to provide an update on the significant news and media coverage by Mexican and international Tier 1 media, since the March 9 , 2023, announcement that Mexican Government granting XEBRA Brands the first ever authorizations for the cultivation, processing, production, and the commercialization of cannabis products in Mexico. Also, Xebra appoints new cross border CFO, Mr. Garcia.

This news has flooded the media outlets in Mexico as the country has embraced this step forward in joining other leading nations around the world including Canada and the United States with an industrial hemp/cannabis regulatory framework. The international media coverage includes interviews with Xebra’s President, Rodrigo Gallardo with the Associated Press and FORBES. Reuters was the first wire to publish on March 9 , 2023, among other noteworthy media outlets. In Mexico, Xebra received widespread coverage by all major media, including the top newspapers in politics, economics, and finance, as well as Mexico’s largest television broadcaster. Rodrigo made 3 more interviews to the most important Mexican business radio broadcasters and one more for TV. Next Wednesday, Rodrigo is going to be interviewed by another big TV broadcaster to discuss the company’s objectives and way forward together with the COFEPRIS to build the framework for cannabis expansion in the country.

Dozens of published articles can be found online, however the following are some of the top links some of the media coverage on Xebra:

INTERNATIONAL COVERAGE

Reuters: Mexico’s legal cannabis business takes next step with CBD-focused firm https://www.reuters.com/world/americas/mexicos-legal-cannabis-business-takes-next-step-with-cbd-focusedfirm-2023-03-09/ (https://api.newsfilecorp.com/redirect/7eRJZhwEXw)

Associated Press: Autorizan primera empresa de cannabis industrial https://apnews.com/article/40701e68dc3bf2fd53431edbc47b17d6 (https://api.newsfilecorp.com/redirect/e48ZKhx02L)

Benzinga: Mexico Grants Xebra Brands First-Ever Cannabis Authorizations: Game Changer For Global Marijuana https://www.benzinga.com/markets/cannabis/23/03/31283090/mexico-grants-xebra-brands-first-ever-cannabisauthorizations-game-changer-for-global-marijuana (https://api.newsfilecorp.com/redirect/8A3GZhJEee)

The Market Herald: Xebra Brands (CSE:XBRA) granted first-ever cannabis authorizations in Mexico https://themarketherald.ca/mexican-government-grants-xebra-brands-the-first-ever-cannabis-authorizations-forthe-cultivation-processing-production-and-the-national-commercialization-of-cannabis-products-2023-0309/amp/ (https://api.newsfilecorp.com/redirect/y3ozZUqLwo)

US NEWS: Mexico’s Legal Cannabis Business Takes Next Step With CBD-Focused Firm https://money.usnews.com/investing/news/articles/2023-03-09/mexicos-legal-cannabis-business-takes-next-stepwith-cbd-focused-firm (https://api.newsfilecorp.com/redirect/1zPrZsLpBy)

MEXICAN MEDIA COVERAGE

Reforma: Avalan a firma canadiense siembra de cannabis https://www.efinf.com/clipviewer/files/269b66dcc3ba9d50f83f8a92ed1e6b3c.pdf (https://api.newsfilecorp.com/redirect/AByPrCWxMw)

Forbes: Cofepris da permiso a Xebra Brands para negocio de cannabis en México https://www.forbes.com.mx/otorgan-a-xebra-brands-permisos-para-el-cultivo-procesamiento-produccion-yventa-de-cannabis-en-mexico/ (https://api.newsfilecorp.com/redirect/Z4YZKhwEez)

El Financiero (Bloomberg in Spanish): Cofepris da luz verde a Xebra https://www.efinf.com/clipviewer/files/a75fdae14c8bd2722365a382fadc25a8.pdf (https://api.newsfilecorp.com/redirect/aVEZeh8bYD)

El Economista: Xebra Brands logra permiso para negocio de marihuana en México https://www.efinf.com/clipviewer/files/d3ec975f519ac5c70f81752bea4b986d.pdf (https://api.newsfilecorp.com/redirect/2JwVZcn4Z1)

Expansión: Xebra Brands logra permiso para producir marihuana industrial en México https://expansion.mx/empresas/2023/03/09/xebra-brands-logra-permiso-para-producir-marihuana-industrial-enmexico (https://api.newsfilecorp.com/redirect/MZGx5FWP7M)

Latinus: Cofepris autoriza a empresa canadiense a cultivar y comercializar marihuana en México https://latinus.us/2023/03/09/cofepris-autoriza-empresa-canada-producir-vender-productos-de-marihuana/ (https://api.newsfilecorp.com/redirect/bAxZKhx4W0)

Milenio: Xebra,primera firma legal de mariguana https://www.efinf.com/clipviewer/files/429b5a89fed47190def62c171ccb0826.pdf (https://api.newsfilecorp.com/redirect/3egzZhbomN)

RADIO AND TV

Radio Fómula y Tele Fórmula: (Interview) Ciro Gómez Leyva por la mañana https://pmedia.efinf.com/clips/77e 63bcbfa79f676ce6a03644af549.mp4 (https://api.newsfilecorp.com/redirect/NNQ7LhgY50)

Imagen Radio: (Interview) Imagen empresarial con Dario Celis https://pmedia.efinf.com/clips/5a924787b289b727ae7e2723d22c82c9.mp3 (https://api.newsfilecorp.com/redirect/XngZKcbnVX)

Imagen Radio: (Interview) Imagen Empresarial con Rodrigo Pacheco: https://pmedia.efinf.com/clips/77e 63bcbfa79f676ce6a03644af549.mp4 (https://api.newsfilecorp.com/redirect/D3Xp4UjEgx)

La Octava: Con Carmen Aristegui https://pmedia.efinf.com/clips/77d0fa605f02b63e3d0f69b9c7b8f73f.mp3 (https://api.newsfilecorp.com/redirect/rYGZwTDQ5g)

Heraldo TV: Con Mario Maldonado https://pmedia.efinf.com/clips/63764880bab1866e9609954daeb8904f.mp4 (https://api.newsfilecorp.com/redirect/VmPZKF15bo)

Xebra is pleased to announce the appointment of Mr. Omar Garcia Abrego as the company’s new Chief Financial O icer and Corporate Secretary.

Omar Garcia Abrego is a Canadian Chartered Professional Accountant (CPA, CA) as well as a Certified Public Accountant (CPC) in Mexico with over 25 years of progressive international accounting experience within the public and private markets. Mr. Garcia possesses a demonstrated ability to streamline business processes, develop and implement financial controls to improve e iciency and accuracy of the financial information and is proficient in all technical aspects of accounting, financial reporting and regulatory filing compliance for public companies.

Mr. Garcia also has significant experience in business acquisition transactions and held multiple executive and senior positions in various companies such as Liberty Defense Holdings, Altaley Mining Corporation, Auryn Resources, Cayden Resources (which was sold to Agnico Eagle Mining Limited for $205 million in November 2014), Farallon Mining (which was also sold to Nyrstar NV for $409 million in January 2011), Graymont Limited and Deloitte LLP. Mr. Abrego holds a Bachelor of Public Accounting degree from Instituto Tecnológico y de Estudios Superiores de Monterrey.

Xebra welcomes the professional background and experience that Mr. Garcia brings to the executive team.

For more information contact: +1 (833) XEBRA-88 (932-7288)

[email protected] (mailto:[email protected])