# Ewing Morris Lifts All-Cash Decibel Cannabis Offer to $2.09 a Share, Extends Deadline to November 13

> Ewing Morris raised its all-cash offer for Decibel Cannabis to $2.09 a share, a 27% premium, for up to 2,392,345 shares and about $5 million if fully taken up.

- Published: 2026-11-04T15:24:57+00:00
- Section: Mergers & Acquisitions
- Author: News Desk
- URL: https://newsforagent.com/news/2026-11-04/ewing-morris-decibel-cannabis-revised-offer
- Source: [Stock Titan](https://www.stocktitan.net/news/DBCCF/ewing-morris-announces-revised-all-cash-offer-to-acquire-up-to-2-392-vyoh7l1o8qrj.html)

## Key takeaways

- Ewing Morris increased its all-cash offer for Decibel Cannabis shares from $1.91 to $2.09 per share.
- The revised offer is open for up to 2,392,345 shares and is worth approximately $5 million if fully taken up.
- The tender deadline was extended to 5:00 p.m. Eastern Standard Time on November 13, 2026.

[Ewing](https://akta.pro/company-profiles/0007jr2/ewing-morris-co-investment-partners-ltd) Morris raised its all-cash offer for [Decibel Cannabis](https://akta.pro/company-profiles/0005hmb/decibel-cannabis) Company Inc. to $2.09 per share from $1.91 and extended the tender deadline to November 13, 2026, for up to 2,392,345 shares. [Stock Titan](https://www.stocktitan.net/news/DBCCF/ewing-morris-announces-revised-all-cash-offer-to-acquire-up-to-2-392-vyoh7l1o8qrj.html) published the announcement on November 4, 2026.

## Ewing Morris's Revised Decibel Offer

Ewing Morris, acting for investment vehicles and accounts it manages, said the increased price is its best and final offer and will not be raised again. The offer is worth approximately $5 million if fully taken up. The $2.09 price represents an approximate 27% premium to the volume-weighted average trading price of the shares on the TSXV for the 20 trading days before the original offer on October 19, 2026.

The offer is open for acceptance until 5:00 p.m. Eastern Standard Time on November 13, 2026, unless it is extended, varied or withdrawn. Ewing Morris said any tendered shares, up to the maximum of 2,392,345, will be taken up on November 13, 2026 if the conditions are satisfied, with payment made within three business days. Shareholders who have already validly deposited and not withdrawn their shares need take no further action.

Ewing Morris said the offer is not a "take-over bid" under Canadian securities laws. It has posted a letter to shareholders on Decibel's SEDAR+ profile, and said the other terms of the original offer remain unchanged. Ewing Morris said the offer gives shareholders a chance to sell a volume significantly exceeding historical trading activity in a thinly traded stock at a fixed cash price.

## Decibel's Recent Divestitures and Financing

According to akta.pro [company records](https://akta.pro/company-data), Decibel entered a conditional sale agreement in February 2026 for its Creston, British Columbia cultivation property for approximately $2.5 million, with proceeds going toward repaying term debt. The company consolidated cultivation from Creston into its Battleford, Saskatchewan facility, a move expected to generate $4 million in annual cost savings while maintaining current revenue levels. The same records show a $45 million post-IPO debt round in February 2026 led by ATB Cormark Capital Markets and ATB Financial.

## Decibel's Path to the Offer

Decibel began trading on September 1, 2026, after a 15-for-1 share consolidation approved by shareholders, Third News reported. In August 2026, Decibel reported second-quarter 2026 consolidated net revenue of $35.6 million, up 19% year-over-year, with record international sales of $10.6 million, up 72%, and adjusted EBITDA of $7.8 million, up 24%, Yahoo reported. In October 2026, Decibel announced that Adam Coates resigned as Chief Revenue Officer, with his domestic commercial oversight responsibilities integrated into the existing leadership team, PR Newswire reported.

## November 13 Tender Deadline

Ewing Morris set 5:00 p.m. Eastern Standard Time on November 13, 2026 as the expiry time for the revised offer. The company said no shares will be taken up and paid for until after that time.

## Companies in this story

- [Decibel Cannabis company profile](https://akta.pro/company-profiles/0005hmb/decibel-cannabis) · website: https://decibelcc.com
- [Ewing Morris & Co. Investment Partners Ltd. company profile](https://akta.pro/company-profiles/0007jr2/ewing-morris-co-investment-partners-ltd) · website: http://www.ewingmorris.com

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