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Decibel Cannabis Company Inc V.DB

Alternate Symbol(s):  DBCCF

Decibel Cannabis Company Inc. is a Canada-based consumer-focused cannabis company. The Company is focused on premium cannabis flower, vape, cannabis infused, and concentrate products, created through a vertically integrated business model. Its brands General Admission, Qwest, and Vox are among its portfolio, sold across Canada. The principal products produced and sold by the Company are ultra-premium cannabis flowers, vape cartridges, cannabis infused products, cannabis extracts, cannabis pre-rolls, and, on occasion, bulk amounts of cannabis biomass to other licensed producers in Canada. Its cannabis brands include Qwest, Qwest Reserve, Blendcraft by Qwest, Vox, and General Admission. Qwest cannabis is a small batch grown, nourished with glacial mountain water, hang dried, hand trimmed and cured. Its strains are hand selected based on aroma, flavor and effect, then blended for a smooth smoking experience. It also has AgMedica facility in Chatham, Ontario, as well as a licensed nursery.


TSXV:DB - Post by User

Post by Blackberry5on May 01, 2022 6:06pm
370 Views
Post# 34646355

6th.&Net revenue Growth.

6th.&Net revenue Growth.

Decibel Announces Fourth Quarter Results with Strong Net Revenue Growth and Sixth Period of Consecutive Positive Adjusted EBITDA

Canada NewswireApr 22, 2022 8:00 AM EDT

CALGARY, AB April 22, 2022 /CNW/ - Decibel Cannabis Company Inc. (the "Company" or "Decibel") (TSXV: DB) (OTCQB: DBCCF), a premium cannabis producer, is pleased to announce its year-end audited financial results for the three and twelve month periods ending December 31, 2021 .

Decibel Cannabis Company Inc. Logo (CNW Group/Decibel Cannabis Company Inc.)

"Decibel continues to execute on its strategy to accelerate revenue growth and deliver new, unique and innovative choices to cannabis consumers. The success achieved through 2021 with record market share demonstrates the strength we've created in our brands, and our dedication towards our customers", said Paul Wilson , CEO of Decibel. "Our momentum has accelerated into 2022, and we are gaining great traction across our products and brands, particularly with our recent infused product launches over late Q4 and first quarter of 2022."

Key Financial Highlights – Fiscal Year 2021
  • Net revenue of $52 million in 2021, an increase of 75% from 2020. 
     
  • Gross profit of $18 million in 2021, an increase of 53% from 2020. 
     
  • Positive adjusted EBITDA of $7.4 million in 2021, an increase of 386% from 2020.
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