Xebra Brands Ltd. XBRAF XBRA (FSE:9YC0) signed a memorandum of understanding with Vertosa Inc. The partnership establishes the framework to manufacture and distribute cannabis-infused products containing less than 1% THC to the Mexico market.
"XEBRA already has a strong relationship with Vertosa for our beverage business in Canada, one of the world's most regulated markets," stated Jay Garnett, CEO of Xebra Brands. "Evolving our relationship into a global partnership allows both teams to work together to launch industry leading formulations and products in the Mexican market over the coming years."
Benjamin Larson, CEO of Vertosa, stated: "Partnering with XEBRA Brands represents a major milestone for Vertosa as we expand our impact in the global cannabis market. We are proud to deepen our partnership and work even closer with a company that shares our commitment to quality and innovation. We look forward to leveraging our technology and portfolio of brand partners to help bring safe and consistent cannabis products to more people around the world."
Photo: Benzinga edit with photos by jarmoluk and lindsayfox on Pixabay
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