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Decibel Cannabis Company Inc. (DBCCF) is a market leader in premium cannabis and extract manufactured products. The company recently sold its brick-and-mortar retail cannabis operations, Prairie Records, to FIKA for $3.0 million. Decibel remains committed to delivering exceptional cannabis brands globally, operating in Canada and beyond. The company's revenue growth, financial results, and strategic decisions highlight its dedication to innovation and product quality.
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Decibel Cannabis Company Inc. announces the sale of its retail cannabis stores to Fire and Flower Inc. subsidiary, FIKA, for approximately $3.0 million. The sale includes six stores in Alberta and Saskatchewan, marking a strategic move to focus on core branded products and drive innovation.
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Decibel Cannabis Company Inc. (TSXV: DB) (OTCQB: DBCCF) announces interim financial results for the three and nine month periods ending September 30, 2023. The company achieved a 7.5% national market share in Q3 2023, with net revenue of $30.2 million, a 65% year-over-year growth. Adjusted EBITDA was $6.7 million in Q3, and $20.8 million year-to-date. The company's new product launches and international sales contributed to revenue growth.
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Decibel Cannabis Company Inc. announces the launch of General Admission 'Blinker' closed loop vape system of products.
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Decibel Cannabis Company Inc. accepts the resignation of director Paul Wilson after he did not receive a majority of votes for his election at the annual general meeting. The Board will potentially add a qualified individual to complement Decibel's position in the Canadian cannabis industry.
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Decibel Cannabis Company Inc. engages ICP Securities Inc. as market maker and Global One Media for social media services
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Decibel Cannabis Company expands global footprint through supply agreement with 4C LABS in the UK. Initial shipment expected before year end. Minimum purchase commitments achieve exclusivity over certain genetics and QWEST brand in the UK.
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Decibel Cannabis Company Inc. announces its interim financial results for Q2 2023, reporting record net revenue of $30.9 million, a sequential growth of 14% and year over year growth of 66%. The company achieved a record national market share of 7.5% in Q2 2023, making it the 2nd largest licensed producer in Canada. Adjusted EBITDA for Q2 2023 was $7.3 million, with sequential growth of 8% and year over year growth of 126%. Year to date, Decibel has seen a net revenue increase of 65% over 2022, with adjusted EBITDA of $14.1 million, a 147% increase over 2022.
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Decibel Cannabis Company Inc. announces the results of its annual general meeting of shareholders. Shareholders approved all matters submitted by the Company for consideration at the Meeting.
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FAQ
What is the current stock price of DECIBEL CANNABIS CO (DBCCF)?
The current stock price of DECIBEL CANNABIS CO (DBCCF) is $0.0495 as of November 21, 2024.
What is the market cap of DECIBEL CANNABIS CO (DBCCF)?
The market cap of DECIBEL CANNABIS CO (DBCCF) is approximately 18.9M.
What is Decibel Cannabis Company Inc. known for?
Decibel Cannabis Company Inc. is a market leader in premium cannabis and extract manufactured products, known for delivering exceptional cannabis brands globally.
What recent transaction did Decibel Cannabis Company Inc. complete?
Decibel recently closed the sale of its brick-and-mortar retail cannabis operations, Prairie Records, to FIKA for approximately $3.0 million.
Where does Decibel Cannabis Company Inc. operate?
Decibel operates in Canada and is expanding globally, focusing on delivering innovative and high-quality cannabis products to customers.
What is the strategic focus of Decibel Cannabis Company Inc.?
Decibel's core focus lies in driving innovation, product quality, and expanding its premium cannabis brand portfolio in Canada and worldwide.
Who is Adam Coates at Decibel Cannabis Company Inc.?
Adam Coates serves as the Chief Revenue Officer at Decibel Cannabis Company Inc., emphasizing the strategic growth journey and commitment to delivering exceptional cannabis brands.
DECIBEL CANNABIS CO INC
OTC:DBCCF
DBCCF Rankings
DBCCF Stock Data
18.91M
425.79M
0.99%
0.51%
Drug Manufacturers - Specialty & Generic
Healthcare
United States of America
Calgary