January 7, 2021
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.
Media
Contacts
Teri Buckley
Director, Corporate Communications
(403) 312-8749