Banking & Finance

Decibel Cannabis Company Inc. Announces Increase In Offering To $13 Million

Decibel Cannabis Company Inc. Announces Increase In Offering To $13 Million

Premium cannabis producer, Decibel Cannabis Company Inc., has agreed with Eight Capital, Haywood Securities Inc., and Raymond James to increase the size of its financing for gross proceeds of $13,050,000.

Decibel will now issue 45,000,000 units of the Company at $0.29 per Unit. common shares in the capital of the Company at a price per unit of $0.29. Each unit is one common share and one-half of one common share purchase warrant.

Along with its wholly-owned retail business, Prairie Records, Decibel has three operating production houses: 

  • Qwest Estate in Creston, BC is a licensed cultivation, processing, and distribution space that produces rare cultivar-focused brands Qwest and Qwest Reserve. 
  • Thunderchild Cultivation Facility, is a licensed indoor cultivation facility in Battleford, SK. 
  • The Plant, Decibel’s extraction, processing, and manufacturing facility, in Calgary, AB is a Health Canada licensed extraction and product development space.

In all other aspects, the terms of the Offering will remain as disclosed in the August 26, 2021 press release.

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