CALGARY, AB, Nov. 20, 2020 /CNW/ - Decibel Cannabis
Company Inc. (the "Company" or "Decibel") (TSX-V: DB) (OTCQB:
DBCCF), announced today that its annual and special meeting (the
"Meeting") of shareholders ("Shareholders") scheduled to take place
on Tuesday, November 24, 2020 at
1:00 p.m. (MST), will be made
available via audio webinar.
The Company encourages Shareholders and proxyholders not to
attend the meeting in person, particularly if they are experiencing
any COVID-19 symptoms. Pursuant to the most recent Alberta Health
Services guidelines (www.albertahealthservices.ca) related to
COVID-19 pandemic, access to the Meeting at the offices of Burnet,
Duckworth & Palmer LLP at 2400, 525-8th Avenue S.W.,
Calgary, Alberta, will be limited
to essential personnel and registered Shareholders and proxyholders
entitled to attend and vote at the Meeting.
The Company encourages Shareholders to vote their shares
prior to the Meeting following the instructions set out in the form
of proxy or voting instruction form received by such
Shareholders.
Shareholders, interested investors and analysts and other
stakeholders are invited to dial-into the Meeting at 1:00pm MST on
Tuesday, November 24, 2020 login
through the following instructions:
By
Telephone:
|
1-855-703-8985
(Canada toll free)
|
|
1-833-548-0276 (US
toll free)
|
|
|
By URL:
|
https://zoom.us/pac/join/6235137154
|
|
|
Conference
Identification:
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623 513
7154
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Passcode:
123456
|
Shareholders attending the Meeting virtually will not be able to
vote their shares at the Meeting. Voting results for each of the
resolutions to be considered at the Meeting will be announced after
the Meeting.
Given these exceptional circumstances and the requirement to
mitigate the related COVID-19 pandemic risks, there will be no
management presentation at the Meeting, nor will there be a
question and answer session with management.
The Company thanks its valued shareholders and apologizes for
any inconvenience caused as a result of the precautionary safety
measures taken in respect of the Meeting.
About Decibel
Decibel is uncompromising in the process and craftsmanship
needed to deliver the highest quality cannabis products and retail
experiences. Decibel has three production houses operating or under
development 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, an 80,000 square foot indoor cultivation
facility in Battleford, SK is
scheduled to be completed and licensed in 2020. 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.
Cautionary Statements
Forward Looking Information
This news release contains "forward-looking information" and
"forward-looking statements" (collectively, "forward-looking
statements") within the meaning of the applicable Canadian
securities legislation. All statements, other than statements of
historical fact, are forward-looking statements and are based on
expectations, estimates and projections as at the date of this news
release. Any statement that involves discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives,
assumptions, future events or performance (often but not always
using phrases such as "expects", or "does not expect", "is
expected", "anticipates" or "does not anticipate", "plans",
"budget", "scheduled", "forecasts", "estimates", "believes" or
"intends" or variations of such words and phrases or stating that
certain actions, events or results "may" or "could", "would",
"might" or "will" be taken to occur or be achieved) are not
statements of historical fact and may be forward-looking
statements.
In this news release, forward-looking statements relate to,
among other things, the timing, construction and licensing of the
Thunderchild Cultivation facility and the Company's ability to grow
Qwest, Qwest Reserve and Blendcraft brands into new and innovative
product formats. Forward-looking statements are necessarily based
upon a number of estimates and assumptions that, while considered
reasonable, are subject to known and unknown risks, uncertainties,
and other factors which may cause the actual results and future
events to differ materially from those expressed or implied by such
forward-looking statements. Such factors include, but are not
limited to: risks relating to delays, regulatory changes and
impacts, capital requirements, construction impacts, displacement
requirements and unforeseen requirements resulting from the
COVID-19 pandemic, the ability to obtain or maintain licences to
retail cannabis products; review of the Company's production
facilities by Health Canada and receipt or maintenance of licences
(including any amendments thereto) from Health Canada in respect
thereof; future legislative and regulatory developments involving
cannabis; inability to access sufficient capital from internal and
external sources, and/or inability to access sufficient capital on
favourable terms; the labour market generally and the ability to
access, hire and retain employees; general business, economic,
competitive, political and social uncertainties; the satisfaction
of conditions precedent under the Company's credit facilities;
timing and completion of construction and expansion of the
Company's production facilities and retail locations; and the delay
or failure to receive board, regulatory or other approvals,
including any approvals of the TSX Venture Exchange, as applicable.
There can be no assurance that such statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on the forward-looking
statements and information contained in this news release. Except
as required by law, the Company assumes no obligation to update the
forward-looking statements of beliefs, opinions, projections, or
other factors, should they change, except as required by
law.
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SOURCE Decibel Cannabis Company Inc.