Decibel Cannabis - DBCCF STOCK NEWS

Decibel Cannabis Company (TSX-V: DB, OTCQB: DBCCF) has secured a $4.8 million supply agreement with Breath of Life International Ltd. to launch its Qwest brand in Israel. The first shipment is scheduled for Q4 2022. This marks Decibel's entry into international markets, enhancing the Qwest brand's global presence. The partnership leverages Breath of Life's established distribution channels in Israel, aligning with Decibel's reputation for premium cannabis products. CEO Paul Wilson highlighted ongoing strong performance in revenue and market share.

Decibel Cannabis Company has announced the postponement of its annual general meeting originally set for September 1, 2022, to improve shareholder participation. Currently, nearly one-third of shareholders have submitted proxies, with an unusual amount of withheld votes compared to previous meetings. The board believes delaying the meeting will foster better governance and allow for addressing any shareholder concerns. A new meeting date will be announced in the future.

Decibel Cannabis Company reported second-quarter financial results for the period ending June 30, 2022, showcasing a record net revenue of $18.6 million, marking an 11% increase from Q1 2022 and a 49% rise from Q2 2021. The company achieved a gross margin of 41% and $3.2 million in adjusted EBITDA, reflecting a 31% growth relative to the previous quarter. Despite a decline in flower sales, derivative sales reached $13 million, driven by expanded distribution and new product launches. The company also reported $1.8 million in cash flow from operations, continuing a positive trend.

Decibel Cannabis Company Inc. (DBCCF) announced a strong preliminary outlook for Q2 2022, projecting net revenues between $18.5 million and $19.5 million and Adjusted EBITDA of $3.0 million to $3.5 million. This marks the eighth consecutive quarter of positive Adjusted EBITDA. Growth is driven by strong demand across all product categories, particularly newly launched infused products and vape cartridges. The company also reported significant gross margin improvement due to automation and cost engineering initiatives. Q2 2022 results will be released on August 18, 2022.

Decibel Cannabis Company has achieved IMC-G.A.P certification, allowing international export of its cannabis products, marking a significant milestone in expanding its market reach. This certification opens sales channels, particularly in Israel, with initial exports expected in the second half of 2022. The CEO highlighted the international demand for premium cannabis and Decibel's readiness to meet this need. The company operates several production facilities across Canada, known for high-quality cultivars like Qwest and Qwest Reserve, as it seeks to enhance brand recognition globally.

Decibel Cannabis Company Inc. reported strong first-quarter results for the period ending March 31, 2022, with record net revenue of $16.7 million, representing a 19% increase quarter-over-quarter and a 32% rise year-over-year. The company also achieved a record adjusted EBITDA of $2.5 million, marking a 70% growth from the previous quarter. Despite a seasonally weak quarter, Decibel saw increased demand for its new infused pre-rolls and other cannabis products. The company successfully repaid convertible debentures, thereby reducing potential shareholder dilution.

Decibel Cannabis Company will release its 2022 first quarter financial results on May 25, 2022, before market opening. The company is recognized for its premium cannabis products and operates several production houses across Canada. Notable facilities include the Qwest Estate in Creston, BC, and Thunderchild Cultivation in Battleford, SK, contributing to the brands Qwest and Qwest Reserve. Decibel also emphasizes innovation through its extraction facility in Calgary, which supports a range of new product formats.

On May 11, 2022, Decibel Cannabis Company announced the full cash repayment of its 9.5% convertible debentures, totaling $12 million, which matured on May 10, 2022. The repayment was made possible by a simultaneous draw-down of $12 million from its credit facility with ConnectFirst Credit Union, which carries a fixed interest rate of 4.75% per annum, repayable over 60 months. Decibel continues to focus on producing high-quality cannabis products through its various facilities in Canada.

Decibel Cannabis Company (DBCCF) has reported strong financial results for the year ending December 31, 2021, achieving a net revenue of $52 million, a 75% increase from 2020. The gross profit rose by 53% to $18 million, with an impressive adjusted EBITDA of $7.4 million, marking a 386% increase. In Q4 alone, net revenue reached $14 million, up 5% from the previous quarter. Despite facing price compression and increased competition, Decibel anticipates net revenue of $16.5 - $17.5 million for Q1 2022, and a national market share of 4.0%.