CALGARY, AB, Dec. 12, 2025 – Decibel Cannabis Company Inc. (the “Company” or “Decibel“) (TSXV: DB) (OTCQB: DBCCF), a leader in the premium cannabis and manufactured extract market, has announced the outcomes of its annual and special meeting of shareholders, which took place on December 11, 2025 (the “Meeting“).
Results of the Meeting
Shareholders of Decibel gave their approval to all proposals presented by the Company for consideration during the Meeting.
During the Meeting, shareholders:
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- set the number of directors to be elected at four (4);
- elected Shawn Dym, Nadia Vattovaz, Jakob Ripshtein, and Benjamin Sze to the Company’s board of directors;
- appointed MNP LLP, Chartered Professional Accountants, as the Company’s auditors and authorized the board of directors to set their remuneration;
- re-approved the 2025 Stock Option Plan, as detailed in the management information circular and proxy statement dated October 30, 2025;
- granted the Company authorization to, within one (1) year, consolidate its issued and outstanding common shares at a ratio of up to fifty pre-consolidation shares for one post-consolidation share (50-1), with the final ratio to be decided by the board of directors (the “Consolidation“).
Despite shareholder approval of the Consolidation, the Company currently has no plans to implement it and will issue all necessary public disclosures if this intention changes.
Following the Meeting, Shawn Dym, Nadia Vattovaz, and Jakob Ripshtein were appointed to the Corporation’s committees. Ms. Vattovaz will chair the Audit Committee, and Mr. Ripshtein will chair the Governance, Compensation and Nominating Committee.
About Decibel
Decibel is a cannabis company centered on the consumer, dedicated to providing products that satisfy customers via a strong emphasis on innovation and quality. Its brand portfolio, which includes leading names like General Admission, Qwest, and Vox, is sold throughout Canada and is starting to expand into new international markets to build a global presence. The company runs a processing and manufacturing plant in Calgary, Alberta, two cultivation sites in Creston, British Columbia, and Battleford, Saskatchewan, and an EUGMP-certified cultivation and processing facility in Chatham, Ontario.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Statements
Forward-Looking Statements
This news release includes “forward-looking information” and “forward-looking statements” (together, “forward-looking statements”) as defined by applicable Canadian securities laws. All statements that are not historical facts are forward-looking and are founded on expectations, estimates, and projections current as of this news release’s date. Statements involving predictions, expectations, beliefs, plans, projections, objectives, assumptions, or future events or performance (often indicated by terms like “expects,” “anticipates,” “plans,” “forecasts,” “believes,” “intends,” or similar words and phrases, or that certain actions or results “may,” “could,” “would,” “might,” or “will” happen or be achieved) are not historical facts and could be forward-looking statements.
In this news release, forward-looking statements pertain to, among other items, securing all necessary regulatory approvals for the Consolidation, the expected timeline for finalizing the Consolidation, Decibel’s overall business strategies, and specifically its goal of establishing a global footprint and its capacity to satisfy customers through a focus on innovation and product quality. There is no guarantee that these statements will be accurate, as actual outcomes and future events may differ significantly from those projected. Therefore, readers are advised not to rely excessively on the forward-looking statements in this release. Unless mandated by law, the Company is not obligated to update these statements should beliefs, opinions, projections, or other factors change.
Forward-looking statements are inherently based on numerous estimates and assumptions that, while deemed reasonable, are exposed to known and unknown risks, uncertainties, and other factors that could cause actual results and future events to vary materially from those implied by such statements. These factors include, but are not limited to: the Company’s capability to secure adequate capital from internal and external sources, and/or the potential inability to obtain such capital on favorable terms. Many of these risks, uncertainties, and other risk factors relevant to the Company are detailed in its management’s discussion and analysis for the three and nine months ended September 30, 2025 and 2024, available under the Company’s profile at .
Readers are warned that the preceding list of assumptions and risk factors is not complete. The forward-looking statements herein are fully qualified by this cautionary note. The forward-looking statements included in this news release are made as of its date, and Decibel does not commit to publicly updating them to reflect new information, subsequent events, or developments unless required by securities laws.
SOURCE Decibel Cannabis Company Inc.