Business
Xebra Brands Announces Partnership with BSK Holdings Inc to Launch CBD Products
VANCOUVER, BC / ACCESS Newswire / March 19, 2025 / Xebra Brands Ltd. ("Xebra" or the "Company") (CSE:XBRA)(OTCQB:XBRAF)(FSE:9YC0), a trailblazer in the Mexican cannabis sector and the sole company legally permitted to cultivate, manufacture, operate, ...
About this update from Xebra Brands Ltd.
[{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / March 19, 2025 / Xebra Brands Ltd. ("Xebra" or the "Company") (CSE:XBRA)(OTCQB:XBRAF)(FSE:9YC0), a trailblazer in the Mexican cannabis sector and the sole company legally permitted to cultivate, manufacture, operate, and sell cannabis (-1% THC) in Mexico, is excited to announce a strategic partnership with BSK Holdings Inc. ("BSK"). This partnership aims to expand Elements branded CBD products to the Mexican market through a robust e-commerce platform, leveraging BSK's extensive track record and success in the CBD and hemp market in the US and Canada.","length":625,"tagName":"p"},{"type":"text","content":"BSK and their team have built some of the most recognised cannabis, CBD and Hemp brands in North America including Manitoba Harvest (acquired by TILRAY for over $400M), Phivida (acquired by Choom Holdings Inc), and a number of others. The team at BSK has created in excess of $100M in revenue across their brands in the last 5 years and their team's decades of expertise in the CBD and Hemp industry will be instrumental in the successful launch and growth of Elements in Mexico and the company's growth and expansion into the US market.","length":545,"tagName":"p"},{"type":"text","content":"According to the Mexican Online Sales Association, the domestic e-commerce market was valued at USD 26.2 billion in 2022, representing a 23 percent increase over 2021. In 2024, the Mexican e-commerce market had approximately 74 million users and generated around 38 billion U.S. dollars. Forecasts suggest these figures will nearly double within the next five years. With a market share exceeding 26 percent in the region, Mexico ranks second in online retail revenues in Latin America, closely competing with Brazil for the top spot. Additionally, Mexico has surged to the top of global e-commerce growth, experiencing a 24.6% increase in online sales in 2023, according to the Mexican Association of Online Sales (AMVO). This spike surpasses the growth rates of established e-commerce markets like the Philippines, Brazil, and India, placing Mexico at the forefront of a wave of dynamic e-commerce players.","length":908,"tagName":"p"},{"type":"text","content":"Booming Market in Mexico. The value of e-commerce sales in Mexico skyrocketed to 658.3 billion pesos (US $39 billion) in 202...