Welcome to our dedicated page for Decibel Cannabis news (Ticker: DBCCF), a resource for investors and traders seeking the latest updates and insights on Decibel Cannabis stock.
Decibel Cannabis Company Inc. (DBCCF) delivers premium cannabis products through brands like General Admission and Qwest, focusing on cultivation excellence and global market expansion. This news hub provides investors with official updates on strategic developments, financial performance, and operational milestones.
Access timely announcements including earnings reports, product innovations, regulatory compliance updates, and international expansion plans. Our curated collection ensures transparent tracking of the company's progress in optimizing production processes and strengthening its position in competitive cannabis markets.
Key updates cover cultivation advancements, supply chain developments, brand portfolio enhancements, and leadership initiatives. Bookmark this page for direct access to Decibel's verified corporate communications, helping you make informed decisions about this innovative cannabis producer.
Decibel Cannabis Company reported impressive financial results for the year ending December 31, 2022, showcasing strong growth and market presence. The company achieved record net revenue of $79.3 million, marking a 51% increase from the previous year. Adjusted EBITDA reached $17.0 million, a significant 129% growth year-over-year, while adjusted net income stood at $3.1 million, improving by $11.7 million. In Q4 2022 alone, net revenue hit $25.8 million, reflecting an 84% year-over-year increase. Decibel's market share rose to 6.8%, positioning it as the second-largest licensed producer in Canada as of March 2023. The company also made its first branded product sale to Israel as part of international expansion efforts. Despite these successes, the gross margin decreased to 43% in Q4 2022 from 52% in the prior quarter, influenced by inventory write-offs.
Decibel Cannabis Company (DBCCF) announced preliminary unaudited Q4 2022 results, showcasing record net revenue between $25.25 million and $26.25 million, a 38% increase from Q3 2022. Adjusted EBITDA also hit a record of $6.25 million to $7.25 million, reflecting a 47% growth. The company targets over 35% revenue growth for 2023 while maintaining a debt ratio of less than 3.0 times adjusted EBITDA. Decibel aims to solidify its position as Canada’s third largest licensed producer and plans to expand internationally through unique product offerings and enhanced market presence.
Decibel Cannabis Company Inc. (DBCCF) announced record national market share of 6.7% for December 2022, making it the third-largest licensed producer in Canada. The company achieved a remarkable 77% growth in market share throughout 2022, driven by significant gains in vape and pre-roll sales, ranking #1 with 17.7% and 11.8% market shares, respectively. Decibel will launch 11 new products in January 2023, further expanding its reach in the cannabis market.
Decibel Cannabis Company announced the results of its annual general meeting on December 9, 2022. Shareholders approved all measures, electing five directors including Shawn Dym as the new Chairman. The company achieved a remarkable 39% revenue growth in the first three quarters of 2022, and increased market share from 3.3% to 5.9%, ranking it as the fifth largest LP in Canada. However, Decibel noted that its share price hasn’t reflected its operational success, attributing this to broader market challenges in the cannabis sector. The new board aims to enhance shareholder value.
FAQ
What is the current stock price of Decibel Cannabis (DBCCF)?
What is the market cap of Decibel Cannabis (DBCCF)?
