Stocks in play: Xebra Brands Ltd.

·1 min read

Has been granted an injunction by the Mexican Supreme Court, that has positioned it with an outright first-mover-advantage in the Mexican CBD and CBG market. All five Supreme Court justices voted unanimously in favor of the injunction to Xebra Mexico. The Supreme Court decision is irrevocable and cannot be appealed. Next the Supreme Court will mandate the Federal Circuit Court that previously heard the case, to enforce the Supreme Court's final decision and direct the Mexican Health Regulatory Agency (COFEPRIS) to grant Xebra all authorizations. Xebra expects this process to be completed as soon as practicable. Xebra Brands Ltd. shares C.XBRA are trading unchanged at $0.55.

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