DECIBEL CANNABIS CO INC - DBCCF STOCK NEWS

Decibel Cannabis Company reported a significant update on its Canadian recreational market presence as of September 2021. The company holds the position of the #9 largest licensed producer by market share, accounting for 3.1%. Notable rankings include #2 in premium flower sales (9.0% market share) and #3 in vape sales (12.9% market share). Decibel plans to launch 40 new products, targeting consumer preferences in British Columbia, Alberta, Ontario, Saskatchewan, and Manitoba. The company expects strong sales momentum concluding 2021, driven by its innovative product offerings.

Decibel Cannabis Company (DBCCF) has announced the successful launch of 27 new products in Ontario following its recently closed oversubscribed equity financing of $15 million. The company aims to boost its market share and enhance capacity and gross margins through upcoming product launches. Key products include new offerings from the Qwest brand and General Admission's vape category, with an emphasis on innovative formats and quality. The expansion is expected to position Decibel for robust growth as it capitalizes on its 2021 initiatives.

Decibel Cannabis Company announced its expansion into New Brunswick after receiving approval from Cannabis NB, the province's exclusive recreational cannabis retailer. The company expects to receive its first purchase order in early September. This expansion follows Decibel's existing presence in six other provinces, including British Columbia and Ontario. The company operates multiple production facilities and a retail business, Prairie Records, focusing on high-quality cannabis products. The announcement is part of their strategy to grow brand recognition across Canada.

Decibel Cannabis Company has granted 2,500,000 stock options to its CEO, effective after market close on August 17, 2021. Each option is exercisable for one common share at a price of $0.34, coinciding with the closing stock price on the same day. The options will vest in equal installments on January 1, 2022, 2023, and 2024, expiring on January 1, 2026. Decibel operates three production facilities and is committed to producing high-quality cannabis products and innovative formats such as concentrates and edibles.

Decibel Cannabis Company reported its Q2 2021 financial results, achieving $12.4 million in net revenue, down 1% from the previous quarter but up 111% year-over-year. The company boasts a 41% gross margin and a record $2.1 million in adjusted EBITDA for the fourth consecutive quarter. The reduced revenue was influenced by seven weeks of stock-outs amid COVID restrictions, although sales surged as restrictions eased in June. Decibel is expanding its operations in Ontario and enhancing product innovation, anticipating increased consumer demand.

Decibel Cannabis Company Inc. (DBCCF) is set to release its 2021 second quarter financial results on August 16, 2021, before the market opens. The company emphasizes its commitment to high-quality cannabis production and operates three production facilities along with a retail business, Prairie Records. Notable cultivation spaces include the 26,000 sq ft Qwest Estate in Creston, BC, and the 80,000 sq ft Thunderchild Cultivation in Battleford, SK. The company aims to expand its product offerings into new formats, including edibles and vapes.

Decibel Cannabis Company has formed a strategic partnership with Union Cannabis Group to enhance its product offerings in the Canadian cannabis market. This collaboration grants Decibel exclusive rights to UCG's unique formulations for vapes and concentrates, enriching its existing brand portfolio with UCG's Dabstract brand. Decibel aims to strengthen its product pipeline and maintain high-quality standards in this growing sector.

Decibel Cannabis Company has appointed Paul Wilson as its new Chief Executive Officer, effective June 23, 2021. Wilson, who has a strong background in brand building with leadership roles at notable Canadian companies, aims to enhance Decibel's growth strategy. The board highlighted his experience and strategic vision as key factors in the selection process. Under Wilson's leadership, Decibel plans to strengthen its premium cannabis brands like Qwest and Qwest Reserve, tapping into the evolving cannabis market.

Decibel Cannabis Company has announced the launch of its premium concentrate brand, Pressed by Qwest, along with new dried flower, pre-roll, vape, and concentrate products. As part of its strategy, Decibel aims to increase its flower production capacity from 1,800 kg to 9,000 kg by the end of 2021. The company plans to introduce seven new rare cultivars and is set to enter the pre-roll category. Additionally, early-stage harvests at Thunderchild have exceeded expectations with THC levels ranging from 24% to 28.5%. The launch of Pressed by Qwest is anticipated to enhance market share in the cannabis sector.