Decibel announces the postponement of the annual meeting of shareholders
CALGARY, Alta., August 31, 2022 /PRNewswire/ – Decibel Cannabis Company Inc. (the “Company” or “Decibel”) (TSXV: DB) (OTCQB: DBCCF), announces that the Company has decided to postpone its annual general meeting (the “Meeting”) of holders of ordinary shares (the “Shareholders”) of the Company which was to be held at 2:00 p.m. (Calgary It’s time Thursday, September 1, 2022.
The Company is postponing the meeting in order to encourage greater shareholder participation at the meeting. To date, the Company has received proxies from just under a third of shareholders with an unusual number of abstained votes compared to previous annual general meetings of the Company. The board of directors of the Company (the “Board”) has decided that it is in the interests of the Company and its Shareholders to postpone the Meeting in order to allow a wider level of participation by Shareholders in order to ensuring good corporate governance and giving the board time to hear any concerns any shareholder may have. The new date of the Meeting will be announced later.
Decibel is uncompromising in the process and craftsmanship required to deliver the highest quality cannabis products and retail experiences. Decibel has three operating production houses as well as its wholly-owned retail business, Prairie Records. The Qwest domain at Creston, BC is a 26,000 square foot licensed and operated grow space that produces the widely championed and rare cultivar-focused brands Qwest and Qwest Reserve, which are sold in six provinces across Canada. Thunderchild Cultivation, is an 80,000 square foot indoor cultivation facility licensed and operated in Battleford, Sask.. L’Usine, Decibel’s extraction plant, in Calgary, Alta. has 15,000 square feet of Health Canada-licensed extraction and product development space. This production house will fuel the growth of our Qwest, Qwest Reserve, Blendcraft and General Admission brands, in new and innovative product formats like concentrates, vapes, edibles and more.
Neither the 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.
SOURCE Decibel Cannabis Company Inc.