Decisive Dividend Corporation Acquires Innovative Heating Technologies Inc. and Expands Credit Facilities

Kelowna, BC, July 19, 2023 (VSNewsNetwork.com) - Decisive Dividend Corporation (TSXV: DE) has announced the acquisition of Innovative Heating Technologies Inc. (IHT) for $15.5 million. IHT is a well-established manufacturer and developer of high efficiency heating mats and lighting solutions for hog production. Concurrently, Decisive has entered into an agreement with Canadian Western Bank and CWB Maxium Financial Inc. to increase its overall debt availability from $53 million to $68 million, extend the term of the agreement, and reduce borrowing costs. The acquisition of IHT is expected to be immediately accretive to Decisive, contributing to an increase in sales, profit, and Adjusted EBITDA. The company's expansion of credit facilities supports its acquisition-focused growth strategy.

Source: Decisive Dividend Corporation