Decibel Cannabis Raises $15 Million Selling Units at $0.29
Summary
Each Warrant entitles the holder thereof to purchase one Share at an exercise price of $0.40 for a period of 36 months following the closing date of the Offering. It is anticipated that the Warrants will be listed and posted for trading on the TSX Venture Exchange (TSXV) under the symbol DB.WT.A at the open of markets on September 17, 2021.As consideration for their services, the Underwriters received a cash commission equal to $900,450 and, as additional consideration, the Company issued a total of 3,105,000 broker warrants to the Underwriters. Each broker warrant is exercisable into one Share at the Issue Price for a period of 24 months following the closing of the Offering.For more details on the Offering please see the final short form prospectus in respect of the Offering, which is available on the Companys profile at www.sedar.com.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. This production house will fuel the growth of our brands Qwest, Qwest Reserve, Blendcraft, and General Admission, into new and innovative product formats like concentrates, vapes, edibles and beyond.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.