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