January 7, 2021 | Calgary, AB – Connect First Credit Union (Connect First) is pleased to announce it has closed a financing facility with Decibel Cannabis Company Inc. (Decibel) to provide $30 million of debt capital. The funds will be used to repay Decibel’s existing debt and provide additional funds to support growth initiatives.
“At Connect First, we are committed to supporting local and Alberta-based businesses,” said Wellington Holbrook, Chief Operating Officer of Connect First. “As a financial institution we don’t take lightly the role we play in the economic recovery of our province. We pride ourselves on being a progressive lender offering competitive rates.” Holbrook added.
Connect First’s financing offers flexible terms and additional funding to support Decibels short- and long-term strategic goals.
“We are very excited to be working with Decibel,” said Ryan Andries, VP Commercial Markets. “We will continue to pursue opportunities to support businesses in all new and emerging industries in our province.”
Connect First serves its members through its trusted local brands of First Calgary Financial, Chinook Financial, Mountain View Financial and Legacy Financial. Their Mission is to Make Money Make a Difference, and that is exactly what they are striving to do.
About Connect First Credit Union
Connect First Credit Union one of the largest and most successful credit unions in Canada, is a full-service financial institution with over $6 billion in assets under administration. Connect First employs 750 Albertans who provide a range of financial products and advice in more than 40 communities across central and southern Alberta. It serves 128,000 members through its trusted local brands of First Calgary Financial, Chinook Financial, Mountain View Financial and Legacy Financial and a community-focused approach to banking.
Director, Corporate Communications