Decibel Announces Non-Dilutive $30 Million Debt Financing from Connect First Credit Union
Share this article Share this article CALGARY, AB, Dec. 30, 2020 /PRNewswire/ - Decibel Cannabis Company Inc. (the "Company" or "Decibel") (TSXV: DB) (OTCQB: DBCCF), is pleased to announce that it has entered into a commitment letter with Connect First Credit Union Ltd. (" First Calgary") in respect of $30 million of debt capital (the " Committed Amount"). The Committed Amount is comprised of $28.5 million of term debt (the " Term Debt") and a $1.5 million authorized overdraft against government receivables (the " Authorized Overdraft") (collectively, the " Credit Facilities"). The funds wi...
Source: prnewswire.com