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Decibel Announces Receipt of Cultivation License for the Thunderchild Facility and Director Resignations
Decibel Announces Receipt of Cultivation License for the Thunderchild Facility and Direct...
About this update from Decibel Cannabis Company Inc
[{"type":"text","content":"\n \n \n \n Decibel Announces Receipt of Cultivation License for the Thunderchild Facility and Director Resignations\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 CALGARY,  AB,\n \n Jan. 29, 2021\n \n /CNW/ - Decibel Cannabis Company Inc. (the \"Company\" or \"Decibel\") (TSX-V: DB) (OTCQB:DBCCF), is pleased to announce that the Company's wholly-owned subsidiary, dB Thunderchild Cultivation LP, has been granted a cultivation license from Health Canada for its Thunderchild facility.\n \n \n \n \n \n \n \n \n \n \"The Thunderchild licensing represents another significant milestone for Decibel and the final step in completing Decibel's current slate of large scale growth projects,\" said Cody Church, Interim CEO of Decibel. \"We are excited to drastically expand our cultivation capacity and bolster our supply of Qwest branded products which have seen tremendous consumer demand.\"\n \n \n The Thunderchild facility is a large scale indoor cultivation facility designed for hands on, high standard craft cannabis production. The licensing expands Decibel's available cultivation capacity from 1,800 kilograms to more than 9,000 kilograms of premium craft cannabis sold under the Qwest family of brands, which achieves some of the highest prices in\n \n Canada\n \n (\n \n $10.18\n \n average gross price per gram – Q3'20). The facility is critical to Decibel's long term strategic plan and will deliver consumers more choice of high quality, and rare cultivars in the flower and pre-roll product categories.\n \n \n \n Director Resignations\n \n \n \n Decibel's Board of Directors has been reconstituted to enable the receipt of the cultivation license for the Thunderchild facility by limiting the Board of Directors to those individuals who had previously received Health Canada security clearance. Effective\n \n January 29, 2021\n \n ,\n \n Benjamin Sze\n \n , Dr.\n \n Ivan Casselman\n \n , and\n \n Billy Yellowhead\n \n resigned from their positions as directors of the Company (the \"Resigned Directors\"). Dr. Casselman...