DECIBEL CANNABIS CO INC - DBCCF STOCK NEWS

Decibel Cannabis Company (TSXV:DB, OTCQB:DBCCF) secured $54 million in debt financing from connectFirst Credit Union. This financing includes $40.5 million in term debt, a $6.0 million authorized overdraft, and a $7.5 million accordion line to support future growth. The funds will enhance Decibel's liquidity and support the repayment of convertible debentures. The company aims to optimize its capital structure and execute its growth strategy while maintaining compliance with financial covenants. The interest rates for the financing range from 4.75% to Prime + 2.00%.

Decibel Cannabis Company (OTCQB: DBCCF) announced its strategic priorities and 2022 financial outlook on January 31, 2022. The company aims for substantial revenue and EBITDA growth, targeting over 40% market share growth and achieving positive cash flow by mid-2022. Key financial milestones include a projected product gross margin of 40-45%, a blended cost of debt below 5%, and a low-cost $7.5 million debt facility. Organizational changes support a focus on innovative products and enhanced distribution, particularly in Ontario, where market share has tripled. The Canadian cannabis market is expected to grow over 30% in 2022.

Decibel Cannabis Company has announced the grant of 3,471,294 stock options to its officers and employees, effective post-market on January 19, 2022. Each option is exercisable at a price of $0.14 per share, aligning with the closing price on the TSE Venture Exchange on the same day. This initiative is part of the company's long-term compensation and employee retention program. The options will vest in equal installments on January 1 for 2023, 2024, and 2025, and will expire on January 1, 2027.

Decibel Cannabis Company has reported its record growth in the Canadian recreational cannabis market, achieving a 4.2% market share in December 2021, up from 3.3% in January 2021. This includes being the #1 brand in premium flower sales with a 10.3% market share. The overall Canadian recreational market increased from $279 million to $370 million during the same period. CEO Paul Wilson highlighted their focus on quality and innovation as key drivers of this success. The company has established a strong foundation and aims for continued growth in 2022.

Decibel Cannabis Company has secured a $54 million debt refinancing with connectFirst Credit Union, comprising $40.5 million in term debt, a $6 million overdraft, and a $7.5 million accordion line. The financing aims to enhance liquidity and support future growth initiatives. This deal is expected to provide sufficient funds to repay Decibel's convertible debentures on maturity. The company anticipates compliance with all financial covenants, maintaining a strong position in the Canadian cannabis market.

Decibel Cannabis Company reported robust financial results for Q3 ending September 30, 2021, achieving net revenue of $13.4 million, up 7% from the previous quarter and an impressive 76% increase year-over-year. The company ranked as the #9 largest licensed producer in the Canadian recreational market with a 3.1% market share. Despite a 20% decline in gross profit, Decibel maintained a positive adjusted EBITDA of $1.8 million. Notably, Dr. Ivan Casselman was reappointed to the board, enhancing governance and industry expertise.

Decibel Cannabis Company has announced the launch of its new infused pre-rolls under the General Admission brand, following its success as the second largest vape brand in Canada. The first shipment targets Alberta, with expansions to BC and Saskatchewan this month, and Ontario in January. The pre-rolls come in multiple flavors, designed to enhance consumer experience. The infused pre-roll sector is seeing growth, representing 44% of pre-roll sales in California and 24% in Canada. Decibel plans to introduce additional pre-rolls in the coming months.

Decibel Cannabis Company Inc. (TSX-V: DB, OTCQB: DBCCF) announced it will release its 2021 third quarter financial results and management discussion on November 18, 2021, prior to market opening. The company emphasizes high-quality cannabis production, operating three production facilities and a retail business, Prairie Records. Their Qwest Estate in Creston, BC, and an indoor facility in Battleford, SK, focus on premium cannabis brands. The extraction facility in Calgary aims to innovate product formats like concentrates and edibles.