ATB amended its credit agreement with Decibel. The amendments include an amendment to Decibel’s tested financial covenants and to certain licensing milestones. Additionally, the amendment provides for a $2.2 million reduction of the borrowing base availability under the facility.
“Decibel appreciates ATB’s commitment to and understanding of the Company’s business strategy and believes that the amendments will allow the Company to meet its near-term objectives,” Stuart Boucher, interim CFO of Decibel, said.
Decibel is a cannabis producer and distribution company.
