- Xebra Brands Ltd. (XBRAF, Financial) announces a delay in filing its annual financial statements due to management changes.
- The company has been granted a Management Cease Trade Order (MCTO) by the British Columbia Securities Commission.
- Expected completion of the audit and filing is by August 29, 2025.
Xebra Brands Ltd. (XBRAF) has announced a delay in filing its audited annual financial statements, management's discussion and analysis, and related officer certifications for the fiscal year ending February 28, 2025. The inability to meet the original June 28, 2025, filing deadline is attributed to recent management changes within the company.
In response to this delay, Xebra has acquired a Management Cease Trade Order (MCTO) from the British Columbia Securities Commission. This regulatory measure allows the company to continue trading while addressing the filing delay.
Xebra is actively working alongside its auditors, Dale Matheson Carr-Hilton LaBonte LLP, to complete the audit process. The company anticipates finalizing and filing the required financial statements by August 29, 2025, and has committed to issuing biweekly default status reports until the filings are completed.
Following the recent management changes, Xebra does not foresee any future delays in filing. The company remains focused on its business operations in the cannabis sector, particularly within the Mexican market.
