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/C O R R E C T I O N -- Decibel Cannabis Company Inc./
/C O R R E C T I O N -- Decibel Cannabis Company Inc./ Canada NewsWire In the n...
About this update from Decibel Cannabis Company Inc
[{"type":"text","content":"\n\n \n \n \n /C O R R E C T I O N -- Decibel Cannabis Company Inc./\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n In the news release, Decibel to Sell its Retail Cannabis Stores to FIKA, issued\n \n 22-Mar-2024\n \n by Decibel Cannabis Company Inc. over PR Newswire, we are advised by the company that the 1st paragraph should read \"to Fire and Flower Inc., a wholly-owned subsidiary of 2759054 Ontario Inc. d.b.a FIKA (\"FIKA\"), \" rather than \"to 2759054 Ontario Inc. d.b.a FIKA (\"FIKA\"), \" as originally issued inadvertently. The complete, corrected release follows:\n \n \n Decibel to Sell its Retail Cannabis Stores to FIKA\n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n March 22, 2024\n \n \n /CNW/ - Decibel Cannabis Company Inc. (the \"\n \n Company\n \n \" or \"\n \n Decibel\n \n \") (TSXV: DB) (OTCQB: DBCCF), a market leader in premium cannabis and extract manufactured products, is pleased to announce that it has entered into a binding agreement for the sale of the assets of its brick-and-mortar retail cannabis operations (\"\n \n Prairie Records\n \n \") to Fire and Flower Inc., a wholly-owned subsidiary of 2759054 Ontario Inc. d.b.a FIKA (\"\n \n FIKA\n \n \"), for approximately\n \n $3.0 million\n \n (the \"\n \n Transaction\n \n \"). Prairie Records is comprised of three cannabis stores in\n \n Alberta\n \n and three cannabis stores in\n \n Saskatchewan\n \n .\n \n \n \n \n \n \n \n \n \n \"Decibel remains committed to our core mission of delivering exceptional cannabis brands and products in\n \n Canada\n \n and around the world. The sale of Prairie Records marks a strategic decision in our growth journey, enabling us to focus resources and drive innovation in our core branded product business. We are dedicated to expanding and diversifying our premium product brand portfolio in\n \n Canada\n \n and globally.\" said\n \n Adam Coates\n \n , Chief Revenue Officer. \"Prairie Records continues to hold its place as one of the most unique and beloved cannabis retail brands in\n \n Canada\n \n . We are proud of P...