CALGARY,
AB, Aug. 31, 2022 /CNW/ - Decibel Cannabis
Company Inc. (the "Company" or "Decibel") (TSXV: DB) (OTCQB:
DBCCF), announces that the Company has determined to postpone its
annual general meeting (the "Meeting") of holders of common shares
(the "Shareholders") of the Company that was scheduled to be held
at 2:00 p.m. (Calgary time) on Thursday, September 1, 2022.
The Company is postponing the Meeting in an effort to encourage
greater Shareholder participation at the Meeting. To date, the
Company has received proxies from just under one-third of the
Shareholders with an unusual number of withheld votes compared to
prior annual general meetings of the Company. The board of
directors of the Company (the "Board") has decided that it is in
the best interest of the Company and its Shareholders to postpone
the Meeting to allow for a broader level of participation by
Shareholders to ensure good corporate governance and to give the
Board time to hear any concerns that any Shareholder may have. The
new Meeting date will be announced at a later date.
About Decibel
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, Blendcraft, and General Admission, 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.