AB, Aug. 18, 2021 /CNW/ - Decibel Cannabis
Company Inc. (the "Company" or "Decibel") (TSXV: DB) (OTCQB:
DBCCF), a premium cannabis producer, announces that it has granted,
effective after market close on August 17,
2021, 2,500,000 stock options (each, an "Option") to the
Chief Executive Officer of the Company in accordance with the
Company's stock option plan.
Each Option is exercisable for one common share in the capital
of the Company (a "Share") at a price of $0.34 per Share, being the closing price of the
Shares on the TSX Venture Exchange on August
17, 2021. The Options will vest in equal installments on
January 1, 2022, January 1, 2023 and January 1, 2024 and will expire on January 1, 2026.
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. The Qwest
Estate in Creston, BC is a
licensed and operating 26,000 square foot cultivation space which
produces the widely championed, rare cultivar-focused brands Qwest
and Qwest Reserve, which are sold in six provinces across
Canada. Thunderchild Cultivation,
is a licensed and operating 80,000 square foot indoor cultivation
facility in Battleford, SK. The
Plant, Decibel's extraction facility, in Calgary, AB has 15,000 square feet of Health
Canada licensed extraction and product development space. This
production house will fuel the growth of our brands Qwest, Qwest
Reserve, and Blendcraft, 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.
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SOURCE Decibel Cannabis Company Inc.