19:48:39 EDT Wed 01 May 2024
Enter Symbol
or Name
USA
CA



Decibel Cannabis Company Inc
Symbol DB
Shares Issued 409,039,066
Close 2023-08-30 C$ 0.17
Market Cap C$ 69,536,641
Recent Sedar Documents

Decibel to supply 4C Labs with Qwest medical cannabis

2023-08-30 10:16 ET - News Release

Mr. Adam Coates reports

DECIBEL EXPANDS GLOBAL FOOTPRINT WITH AGREEMENT TO SUPPLY MEDICAL CANNABIS TO 4C LABS FOR DISTRIBUTION IN THE UNITED KINGDOM

Decibel Cannabis Company Inc. has expanded its global footprint by entering into a supply agreement to provide premium dried medical cannabis flower to 4C Labs, a health care, technology and pharmaceutical company focused on virtual prescribing, pharmaceutical distribution and clinical development in cannabis-based medicinal products for human health in the United Kingdom and Channel Islands.

Key highlights:

  • Decibel to supply 4C Labs with Qwest-branded, craft-quality medical cannabis for distribution to United Kingdom medical cannabis patients;
  • Decibel to grant strain exclusivity of rare and unique cultivars to be distributed by 4C Labs;
  • Three-year supply agreement;
  • Initial shipment expected before year-end;
  • Minimum purchase commitments achieve exclusivity over certain genetics and Qwest brand in the United Kingdom.

"We are excited to partner with 4C Labs, a leading organization in the growing medical cannabis industry in the United Kingdom, that echoes Decibel's commitment to quality and patient care. Not only will this unlock a strong partnership and a new market for Decibel's craft cannabis products, it also sets the stage for further growth into other European markets," said Adam Coates, chief revenue officer. "Decibel's success with Qwest flower products in Canada and in Israel's medical market reinforces the demand for premium cannabis products and the reputation we have built to service that demand."

"4C Labs is building a patient-focused, best-in-class product line for the U.K. and Channel Islands; the Qwest craft flower line strengthens the top end of the 4C Labs product offerings. Decibel's innovative craft-quality Qwest flower products will fill an empty segment in the U.K. market and bring a world-class B.C. cannabis product to U.K. patients," said Greg Dobbin, chief executive officer of 4C Labs. "Decibel's success in Canada, the most competitive cannabis market in the world, is a product of hard work, innovation and attention to detail -- qualities that will resonate with U.K. patients."

About Decibel Cannabis Company Inc.

Decibel is a consumer-focused cannabis company focused on delivering products that delight customers through a commitment to robust innovation and product quality. Leading brands General Admission, Qwest and Vox are among its portfolio sold both across Canada and beginning to extend toward new countries to create a global footprint. Decibel operates a processing and manufacturing facility in Calgary, Alta., and two cultivation facilities in Creston, B.C., and Battleford, Sask.

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