Decibel Cannabis Company Inc. DB DBCCF, a premium cannabis producer, announced the cash repayment of its 9.5% convertible debentures, which had a maturity date of May 10, 2022. The $12 million cash repayment represents a full payout of the convertible debentures, which were subject to a conversion rate of approximately 2,222 common shares for each $1,000 of principal amount of convertible debentures, equal to a conversion price of $0.45 per common share.
The company met the pre-disbursement conditions required to draw-down $12 million under its credit facility with ConnectFirst Credit Union and concurrently made the cash repayment of the convertible debentures. The company's $12 million draw-down from its credit facility is subject to a 60-month repayment term at a fixed rate of 4.75% per annum, amortized over 144 months.
Related News
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Cannabis is evolving—don’t get left behind!
Curious about what’s next for the industry and how to stay ahead in today’s competitive market?
Join top executives, investors, and industry leaders at the Benzinga Cannabis Capital Conference in Chicago on June 9-10. Dive deep into market-shaping strategies, investment trends, and brand-building insights that will define the future of cannabis.
Secure your spot now before prices go up—this is where the biggest deals and connections happen!
