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Decibel Cannabis Company closes financing bringing over 15 million dollars into treasury

Decibel Cannabis Company closes financing bringing over 15 million dollars into treasury
proactiveinvestors.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com Daily Mail and Mail on Sunday newspapers.

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Decibel Cannabis Company Inc. Announces Increase in Bought

Decibel Cannabis Company Inc. Announces Increase in Bought
globenewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globenewswire.com Daily Mail and Mail on Sunday newspapers.

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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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