The Daily Hit: November 21, 2024
The Daily Hit is a recap of the top financial news stories for Thursday, November 21, 2024. On the Site Cannabis stocks up briefly Thursday before plunging on Gaetz withdrawal The potential appointment of a pro-cannabis attorney general had boosted sentiment among cannabis investors. Read more here. Agrify gets $26M lifeline as GTI’s Kovler eyes […]
Decibel Cannabis insiders lead $2M funding round
Company directors and officers bought approximately 18.6 million shares; around 56% of the first closing. Decibel Cannabis Company Inc. (TSXV: DB) (OTCQB: DBCCF) completed the first closing of its private placement, raising more than $2 million with company insiders leading the investment round just days after acquiring a major production facility. The cannabis producer issued […]
Decibel Cannabis acquires AgMedica, plans private placement
AgMedica’s facility should help beef Decibel’s export capabilities as it moves away from Canadian retail. Canadian licensed producer Decibel Cannabis Company Inc. (TSXV: DB) (OTCQB: DBCCF) said Monday that it acquired AgMedica Bioscience Ltd. for a C$6.3 million unsecured convertible debenture. The transaction adds AgMedica’s EU GMP and IMC-GAP certified annual flower production capacity of […]