Decibel Announces Closing of Amendment to Commitment Letter and Timing of First Quarter Results on May 27
Decibel Cannabis Company (TSXV: DB, OTCQB: DBCCF) announced the successful amendment of its commitment letter with Connect First Credit Union, increasing its authorized overdraft. This move aims to bolster liquidity for future operational needs. The company will also release its first-quarter financial results on May 27, 2021, ahead of market opening. Decibel operates multiple production facilities, including a licensed 26,000 sq. ft. cultivation space in Creston, BC, and an 80,000 sq. ft. indoor facility in Battleford, SK, focusing on high-quality cannabis products.
- Closed amendment to the commitment letter, increasing authorized overdraft, enhancing liquidity.
- Upcoming release of first quarter financial results on May 27, 2021.
- None.
CALGARY, AB, May 14, 2021 /PRNewswire/ - Decibel Cannabis Company Inc. (the "Company" or "Decibel") (TSXV: DB) (OTCQB: DBCCF), is pleased to announce that it has closed its previously communicated amendment to its commitment letter with Connect First Credit Union Ltd. in respect of its upsize to its authorized overdraft.
The Company also announces that it will release its 2021 first quarter financial results and related management discussion and analysis on May 27, 2021 before markets open.
About Decibel
Decibel is uncompromising in the process and craftsmanship needed to deliver the highest quality cannabis products and retail experiences. Decibel has three operating production houses along with its wholly owned retail business, Prairie Records. The Qwest Estate in Creston, BC is a licensed and operating 26,000 square foot cultivation space which produces the widely championed, rare cultivar-focused brands Qwest and Qwest Reserve, which are sold in six provinces across Canada. Thunderchild Cultivation, is a licensed and operating 80,000 square foot indoor cultivation facility in Battleford, SK. The Plant, Decibel's extraction facility, in Calgary, AB has 15,000 square feet of Health Canada licensed extraction and product development space. This production house will fuel the growth of our brands Qwest, Qwest Reserve, and Blendcraft, into new and innovative product formats like concentrates, vapes, edibles and beyond.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE Decibel Cannabis Company Inc.
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