Business
Decibel Announces Sale of Creston Property and Consolidation of Cultivation Facilities
Decibel Announces Sale of Creston Property and Consolidation of Cultivation Facilities Ca...
About this update from Decibel Cannabis Company Inc
[{"type":"text","content":"\n\n\nDecibel Announces Sale of Creston Property and Consolidation of Cultivation Facilities\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\nCanada NewsWire\n\n\nCALGARY, AB, Feb. 25, 2026 /CNW/ - Decibel Cannabis Company Inc. (the \"Company\" or \"Decibel\") (TSXV: DB) (OTCQB: DBCCF), a market leader in Canadian branded cannabis manufactured products and global medical exports, announces that it has entered into a conditional sale agreement (the \"Agreement\") for its property located in Creston, British Columbia and its related consolidation of its cannabis cultivation facility situated on the subject property (the \"Facility\").\n\n\n\n\n\n\n\nThe sale price of the property will be approximately $2,500,000 with all sale proceeds being used to repay a portion of the Company's recently announced term debt. In conjunction with sale of the property, the Company is consolidating the Facility's operations into the Company's other cultivation site located in Battleford, Saskatchewan. Both the sale and consolidation align with the Company's continued focus on operational efficiency and long-term profitability.\"This is a proactive step to further optimize our operating footprint and support disciplined, profitable growth,\" said Ben Sze, Chief Executive Officer of Decibel. \"Our cultivation capacity is well aligned with demand, and this consolidation strengthens our ability to support brand growth in Canada and our global export business. By concentrating production into fewer, higher utilized facilities, we improve efficiency, reduce complexity and strengthen our cost structure. I also want to thank the team in Creston for their contributions and the role they have played in helping build the business.\"The transaction is expected to:Generate cost savings of $4 million annually due to consolidation;Have no impact on the Company's revenue outlook;Improve production efficiency through higher utilization across remaining assets; andStrengthen the Company's balance sheet.The Transaction remains subject to standard closing conditions and is anticipated to close in the m...