Decibel Cannabis Company Inc. has granted, effective after market close on Jan. 19, 2022, an aggregate of 3,471,294 stock options to certain officers and employees of the company, in accordance with the company's stock option plan.
Each option is exercisable for one common share in the capital of the company at a price of 14 cents per share, being the closing price of the shares on the TSX Venture Exchange on Jan. 19, 2022. This is a normal course grant that comprises part of the long-term compensation and employee retention incentive program provided by the company. The options will vest in equal instalments on Jan. 1, 2023, Jan. 1, 2024, and Jan. 1, 2025, and will expire on Jan. 1, 2027.
About Decibel Cannabis Company Inc.
Decibel Cannabis Company 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, B.C., is a licensed and operating 26,000-square-foot cultivation space that produces the widely championed, rare, cultivar-focused brands Qwest and Qwest Reserve, which are sold in six provinces across Canada. The Thunderchild cultivation facility is a licensed and operating 80,000-square-foot indoor cultivation facility in Battleford, Sask. The Plant, Decibel's extraction facility in Calgary, Alta., has 15,000 square feet of Health Canada-licensed extraction and product development space. This production house will fuel the growth of Qwest, Qwest Reserve, Blendcraft and General Admission into new and innovative product formats, such as concentrates, vapes and edibles.