Canadian LP Decibel Extends Debt – New Cannabis Ventures

Decibel announces the closing of a $61 million loan with ATB Financial

CALGARY, AB, February 10, 2026. /PRNewswire/ – Decibel Cannabis Company Inc. (the “Company” or “Decibel”) (TSXV: DB) (OTCQB: DBCCF), a market leader in premium hemp and derived products, is pleased to announce that it has closed a $61 million total credit facility with ATB Financial and ATB Cormark Capital Markets (collectively, “ATB”).

“With our existing term loan maturing in January 2027, we are active in securing a refinancing that extends our maturities to February 2030, reduces our 2026 payment obligations by $5 million and provides increased leverage to allow us to pursue corporate development initiatives.” said Ben Sze, Chief Executive Officer of Decibel. “We are now free cash flow positive and without any significant near-term debt maturities. The company continues to be a leader in Canadian ready-to-consume categories and to deliver significant international growth and financial results through our international business through AgMedica.

Funding Highlights

• $40 million First Lien Term Loan with regular principal payments throughout the term and at maturity (the “First Lien Term”), replacing Servus Credit Union Ltd. (formerly Connect First Credit Union Ltd.) due in January 2027.
• $10 million Revolving First Lien Credit Facility, which allows flexibility and immediate access to capital to drive corporate development with immediately available funds. Approximately $3 million of such facilities will be available and the remainder will become available upon the satisfaction of certain conditions (together with the “Revolving First Lien Loan” and the “First Lien Term Facility”, the “First Lien Facilities”).
• $11 million Second Lien Term Loan, which does not result in a net change in total liabilities while reducing certain other 2026 payment obligations, expands Decibel’s free cash flow with normal principal repayments throughout the term and periodic repayments at maturity (the “Second Lien Term Facility and First Lien Term Facility” Transaction, collectively, the “Loans”).

“We are incredibly excited to partner with ATB to position Decibel for continued business growth domestically and internationally while strengthening our balance sheet,” said Decibel Chief Financial Officer Stuart Boucher. “Our strengthened balance sheet will position the Company for corporate development initiatives. Our return on investment on the AgMedica acquisition exceeds 50% per annum, and we believe the available capital will allow us to continue to grow our business and gain scale to become a leading global hemp company. debt to EBITDA ratio of less than 2.0x”.

The credit facilities bear interest at benchmark rates indicated by ATB, plus a spread determined by the funded debt to trailing twelve-month adjusted EBITDA. The Credit Facilities are subject to customary financing debt, fixed fee and minimum cash covenants.

The first lien facilities are secured by a first lien on substantially all of Decibel’s assets as borrower and certain of its material subsidiaries as guarantors. The second lien is secured by a second priority security interest in substantially all of Decibel’s assets as borrower and certain of its material subsidiaries as guarantors. Each of the credit facilities includes customary positive and negative covenants and events of default for similar types of loans, including financial covenants.

About the decibel

Decibel is a consumer-focused cannabis company focused on delivering products that delight customers through strong innovation and a commitment to product quality. The leading General Admission, Qwest and Standard Issue brands are among its portfolio, which are sold both in Canada and are beginning to expand into new countries to build a global footprint. Decibel operates a processing and manufacturing facility in Calgary, Alberta, two plants in Creston, British Columbia and Battleford, Saskatchewan, and an EUGMP licensed processing and processing facility in Chatham, Ontario.

Original press release

Published by NCV Newswire

New Cannabis Ventures’ NCV Newswire aims to gather high-quality content and information about leading cannabis companies to help our readers filter through the noise and stay on top of the most important cannabis business news. The NCV Newswire is edited by an editor and is not automated in any way. Got a secret news tip? Get in touch.