Decibel Cannabis Company Inc. reports news on its Canadian branded cannabis business, including adult-use products, premium cannabis and extract manufactured products, and global medical exports. The company’s portfolio includes General Admission, Qwest and Standard Issue, supported by Canadian cultivation, processing and manufacturing facilities, including an EU GMP licensed cultivation and processing facility in Chatham, Ontario.
Recurring updates cover quarterly and annual financial results, domestic brand performance, international sales, AgMedica integration, credit facilities, stock option grants, shareholder meeting results and other governance matters.
Decibel Cannabis Company has announced the launch of its new infused pre-rolls under the General Admission brand, following its success as the second largest vape brand in Canada. The first shipment targets Alberta, with expansions to BC and Saskatchewan this month, and Ontario in January. The pre-rolls come in multiple flavors, designed to enhance consumer experience. The infused pre-roll sector is seeing growth, representing 44% of pre-roll sales in California and 24% in Canada. Decibel plans to introduce additional pre-rolls in the coming months.
Decibel Cannabis Company Inc. (TSX-V: DB, OTCQB: DBCCF) announced it will release its 2021 third quarter financial results and management discussion on November 18, 2021, prior to market opening. The company emphasizes high-quality cannabis production, operating three production facilities and a retail business, Prairie Records. Their Qwest Estate in Creston, BC, and an indoor facility in Battleford, SK, focus on premium cannabis brands. The extraction facility in Calgary aims to innovate product formats like concentrates and edibles.
Decibel Cannabis Company (TSXV: DB) announces the launch of six new products in Ontario, including two flower cultivars: Qwest Papaya Cake and Qwest Banana OG, both with high THC content (29.1% and 29.7%, respectively). These products are part of Decibel's strategy to innovate and expand its offerings through its Thunderchild Cultivation facility. Additionally, the company introduces solventless and distillate vape products, aiming for launch in multiple Canadian provinces within weeks. This expansion signals a strong push into the growing cannabis market.
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.