Decibel Acquires AgMedica, Announces Private Placement And Third Quarter Guidance
Portfolio Pulse from Nina Zdinjak
Decibel Cannabis Company Inc. has acquired AgMedica Bioscience Ltd. through a $6.3 million unsecured convertible debenture. The acquisition is expected to expand Decibel's international footprint and contribute significantly to its revenue and EBITDA in 2025. Decibel also announced a private placement and provided Q3 2024 financial guidance.
October 29, 2024 | 2:00 pm
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Decibel Cannabis Company Inc. has acquired AgMedica, which is expected to enhance its international strategy and contribute $30 million in net revenue and $4 million in EBITDA by 2025. The acquisition involves a $6.3 million convertible debenture, which could lead to significant shareholder changes if converted.
The acquisition of AgMedica is a strategic move for Decibel, expected to significantly increase its revenue and international presence. The potential conversion of the debenture into shares could also impact shareholder structure, making this news highly relevant and important for investors.
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