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Decibel Announces Closing of Amendment to Commitment Letter and Timing of First Quarter Results on May 27


Decibel Announces Closing of Amendment to Commitment Letter and Timing of First Quarter Results on May 27
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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 license ....

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Decibel Cannabis : Announces Record Market Share, Provides Update on Thunderchild Cultivation Operational Development and Upsize to Authorized Overdraft


Continues to remain supply constrained in key markets
Thunderchild operations are on track with Decibel s execution timeline to reach full run rate production. The facility is integral to Decibel s rotational strategy to deliver consumers more choice of quality grown, rare cultivars in the dried flower and pre-roll product categories.
The Thunderchild Facility achieved first revenue out of the facility ahead of guidance in March 2021, with first product testing between 23.5 – 26% THC
Completed fourth harvest since commencement of operations
Six grow rooms planted and at various stages (30% of total facility planted)
East wing vegetation rooms now online to service second half of facility ....

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Cannabis Co. Decibel Posts Record Performance Of Cannabis Derivative Products, Upsizes Authorized Overdraft


Cannabis Co. Decibel Posts Record Performance Of Cannabis Derivative Products, Upsizes Authorized Overdraft
Flower Figures
During the fourth quarter of 2020, the cannabis producer supported advancements of various tools to boost yields in its Creston, British Columbia-based cultivation facility. Thanks to that, the company saw a 61% improvement in total harvested sellable cannabis flower, reaching 483 kilograms in the quarter.
In the first quarter, across several markets, including Alberta, Ontario, British Columbia, and  Saskatchewan, Decibel was the number one brand in premium flower sales, holding 8.4% of the market share.
We are expanding our market share in the high growth premium flower, concentrate, and vape categories, through our commitment to quality, innovation, and creating choice for customers. Cody Church, Interim CEO of Decibel said in a statement. We continue to execute on our strategic plan with two significant inflection points coming – t ....

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Decibel Cannabis Replaces ATB Credit Line with $30 Million First Calgary Facility – New Cannabis Ventures


December 30, 2020 at 8:44 am
Published by NCV Newswire
Decibel Announces Non-Dilutive $30 Million Debt Financing from Connect First Credit Union
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 will be used to repay Decibel’s existing debt ($26.8 million) and provide additional funds for working capital. ....

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Decibel Announces Non-Dilutive $30 Million Debt Financing from Connect First Credit Union


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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 will be used to repay Decibel s existing debt ($26.8 million) and provide additional funds for working capital.
Financing Highlights ....

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