Decibel Cannabis Stock Price, News & Analysis

Decibel Cannabis Company (TSXV: DB) (OTCQB: DBCCF) has signed a supply agreement and trademark license agreement with Keren Tirk to distribute General Admission branded medical cannabis flower in Israel. The initial shipment is expected in Q2 2025, targeting the mainstream segment of the Israeli medical cannabis market.

This expansion marks a significant milestone for Decibel, leveraging its domestic success to establish General Admission as a globally recognized brand. The company, which historically focused on premium price points, sees this as an opportunity to address larger volume opportunities in mainstream product segments. Following its Q4 2024 acquisition of AgMedica Biosciences, Decibel now operates with an EU-GMP certified facility, three cultivation facilities, and a processing and manufacturing center.

Decibel Cannabis Company (TSXV: DB) (OTCQB: DBCCF) has announced the successful launch of its new General Admission Liquid Diamond Vapes product line. The vapes are currently available in three strains - Very Berry, Atomic Apple, and Tangerine Twist - across licensed retailers in BC, Alberta, Saskatchewan, Manitoba, and Ontario.

Since the launch on November 24, Decibel has increased its 1g 510 vape market share by over 1.5 percentage points and maintains the #1 position in the largest segment of the vape category. The company plans to expand its product portfolio with an ultra-high potency Infused Pre-Roll product line featuring the same strains, scheduled for launch in late Q1 in Western Canada and early Q2 in Ontario.

Following the recent acquisition of AgMedica Biosciences in Q4 2024, Decibel now operates three cultivation facilities and a processing center, with an EU-GMP certified facility supporting its global distribution growth.

Decibel Cannabis Company (TSXV: DB) (OTCQB: DBCCF) has granted 21,915,974 stock options to officers and employees as part of its long-term compensation and retention program. The options are exercisable at either $0.13 or $0.075 per share, with one tranche vesting immediately and remaining tranches vesting in three equal nine-month installments starting October 21, 2025. All options will expire on January 21, 2028.

The company, known for premium cannabis brands like General Admission, Qwest, and Vox, recently expanded its operations through the acquisition of AgMedica Biosciences in Q4 2024, adding an EU-GMP-certified facility. Decibel currently operates three cultivation facilities and a processing and manufacturing center, strengthening its position in high-quality cannabis products with global distribution potential.

Decibel Cannabis Company reported Q3 2024 financial results with net revenue of $24.1 million, showing a 9% sequential increase but a 12% year-over-year decrease. The company achieved a gross margin of 53% and Adjusted EBITDA of $5.1 million, up 31% from Q2 2024 but down 21% year-over-year. Notable improvements include positive free cash flow of $1.8 million and adjusted net income of $2.1 million. The revenue decline was attributed to increased competition in infused pre-rolls, changes in vape consumer preferences, and temporary halt of exports to Israel during distribution partner transition.

Decibel Cannabis Company Inc. (TSXV: DB) (OTCQB: DBCCF) has announced positive results from its recent focus on dried flower products. The company's QWEST brand relaunch in Alberta, BC, and Ontario has been well-received, with:

- 98% of surveyed budtenders recommending QWEST products
- Over 500% increase in depletions from distribution centers
- 400% growth in retail market share for dried flower in the past 4 weeks

Decibel is also expanding internationally, with upcoming shipments to the UK, Australia, Israel, and Germany. The company has applied for an extension to hold its annual shareholder meeting by December 31, 2024. Additionally, Warren Matzelle, Chief Product Development and Marketing Officer, has resigned effective September 6, 2024.

Decibel Cannabis Company Inc. (TSXV: DB) (OTCQB: DBCCF) announced its Q2 2024 results, showing a 22% year-over-year decrease in net revenue to $22.1 million. The company maintained a 5.6% national market share, ranking 4th among Canadian licensed producers. Gross margin before fair value adjustments was 42%, slightly down from 43% in Q2 2023. Adjusted EBITDA decreased by 46% to $3.9 million, while free cash flow increased by 194% to $0.9 million. The company reported positive adjusted net income of $0.6 million and adjusted EPS of $0.00. Decibel is addressing market share declines through brand relaunches and product introductions.

Decibel Cannabis Company has announced initiatives to improve operating efficiencies and reduce expenses, focusing on process optimization, portfolio rebalancing, labor adjustments, and new market exploration. The company plans to relaunch its QWEST brand to recapture market share in the dried flower category. Additionally, Decibel has begun shipping vape products to Australia and plans to expand into the UK by early Q3 2024. The company has optimized its product portfolio, paused capex initiatives, and reorganized cultivation processes to enhance efficiency and quality. These efforts are expected to reduce annual SG&A by $2 million and strengthen the balance sheet. KPMG LLP will exit as the auditor, with a new auditor to be appointed in July 2024.

Decibel Cannabis Company announced its unaudited interim financial results for Q1 2024 ending March 31. The company reported a net revenue of $21 million, reflecting a 16% year-over-year decline. This decrease was driven by increased competition and a shift in consumer preferences.

Gross margin before fair value adjustments stood at 48%, down from 51% in Q1 2023. The adjusted EBITDA was $3.6 million, showing a 45% decrease. Despite these declines, Decibel maintained a free cash flow of $375,000, 79% lower than the previous year. Adjusted net loss for the quarter was $3.5 million, significantly impacted by a $3.3 million asset impairment. National market share was at 6%, making Decibel the 4th largest licensed producer in Canada. CEO Benjamin Sze remains optimistic about future growth and profitability.

Decibel Cannabis Company Inc. announces its audited financial results for the year and fourth quarter ending December 31, 2023. The company saw a record net revenue of $116 million in 2023, a 46% increase over 2022. Adjusted EBITDA reached $25.9 million, up 52% over 2022. However, in the fourth quarter of 2023, the company reported a decline in Adjusted EBITDA by 27% year over year, with an Adjusted Net Income of negative $132 thousand. Decibel faced challenges with bad debt expense and launch costs for their Blinker vape system. The company also finalized international developments with exports to Australia and Israel, although facing payment default from an Israeli customer, leading to legal actions.