Decibel Cannabis Company Inc (DB)

Decibel Reports First Quarter 2026 Results: Quarterly Revenue Grows 41% YoY to $30 Million, Issues Q2 2026 GuidanceMay 21, 2026 8:00 AM
PR Newswire (US) CALGARY, AB, May 21, 2026 /PRNewswire/ - Decibel Cannabis Company Inc. (the "Company" or "Decibel") (TSXV: DB) (OTCQB: DBCCF), a market leader in Canadian branded cannabis manufactured products and global medical exports, today announced its financial results for the three month period ended March 31, 2026. "Q1 was a strong start to the year with revenue up 41%, international sales tripling and Adjusted EBITDA doubling year over year. This performance is especially meaningful as we emerge from last quarter's headwinds with a strengthened balance sheet and real momentum heading into the strongest season for our domestic portfolio. The setup for the rest of 2026 is compelling."
Benjamin Sze – Chief Executive OfficerQ1 2026 HighlightsNet Revenue of $30 million, growth of 41% year over yearInternational Sales of $9.6 million, growth of 330% year over yearAdjusted EBITDA(1) of $6.9 million, growth of 100% year over yearQ2 2026 Outlook(2)Financial OutlookNet Revenue of $33 to $35 million, implying year over year growth of 14% to midpoint of rangeDecibel also reconfirms its previously issued 2026 full year guidance: Net Revenue of $130 to $135 million, and Adjusted EBITDA of $27 to $31 million.Notes:1 Non-GAAP financial measure. Refer to "Cautionary Statements – Non-GAAP Measures" for further details.2 The Company's outlook makes numerous assumptions. Assumptions used for the purposes of outlook may prove to be incorrect and actual results may differ from those anticipated. Refer to "Cautionary Statements – Preliminary Financial Information" for further details.International UpdateDecibel's international sales grew 330% year over year to $9.6 million, despite growth being impacted by delays in German permit timelines. German permit processing time has improved materially in Q2 2026, and management expects Decibel will experience growth through the balance of the year as the Company converts its existing backlog to revenue. AgMedica's EU GMP certified platform continues to perform well above the original underwriting case, validating the international strategy underpinning the acquisition. We continue to believe international sales are positioned for significantly high double-digit growth through 2026, supported by the following Q1 2026 milestones:Shipped GMP-extracted product into Germany in Q1 2026, marking the first deliveries into the largest medical cannabis market in the EU16+ international customers with executed supply agreements45+ GACP cultivators onboarded with executed supply agreements60 tons per Annum of flower processing capacity at ~30% utilization based on Q1 2026 resultsExpanding production of EU GMP extracts to meet growing demand, allowing for ease of access into vapes and oils, with ongoing shipments into multiple countriesDomestic UpdateDecibel's domestic sales returned to growth at 7% year over year, driven by strong early performance of the new Standard Issue brand and the refresh of General Admission's product portfolio. Management continues to see opportunities to expand the Company's offering and store penetration, particularly given Standard Issue's early momentum. We continue to believe domestic sales are positioned for high single-digit growth through 2026, supported by the following Q1 2026 milestones:Overall market share in Q1 2026 grew from 4.1% to 4.4% based on HiFyre dataStandard Issue launch has continued to grow since launch, now 8th overall in the vape category (2.5% share) and 10th overall in Infused Pre-Roll (2.2%) share based on HiFyre dataRefreshing General Admission's vape portfolio has helped maintain a leadership position in the fast-growing liquid diamond segment, as the #1 Liquid Diamond 510 brand and #2 Liquid Diamond All-in-One brand. This along with the launch of Standard Issue has helped Decibel increase its vape market share by 1.50% year to date.General Admission remains the #1 Infused Pre-Roll brand and has now converted its entire IPR portfolio to diamond-based formulations heading into peak seasonality for pre-rolls this summer.First Quarter HighlightsNet Revenue was $29.8 million, a year over year increase of 41%. Net revenue growth was driven by continued growth in international demand and success with recent domestic sales launches.Domestic Sales were $20.3 million, a year over year increase of 7%. The Company saw strong traction on new products and its new Standard Issue brand with market share gains during the quarter.International Sales were $9.6 million, a year over year increase of 330%. The increase in international sales was driven by strong volume growth and high demand for the Company's products, partially offset by the impacts of delayed permitting timelines in Germany.Gross Margin Before Fair Value Adjustments was 51% in the first quarter of 2026, compared to 50% in the first quarter of 2025.Adjusted EBITDA(1) of $6.9 million, a year over year increase of 100%. The increase in Adjusted EBITDA for the quarter was primarily driven by international sales.Free Cash Flow(1) of ($14.6) million, reflecting a $13.2 million one-time reduction in payables settled in connection with the Company's February 2026 debt refinancing. This represents a shift in the form of obligation rather than an operating use of cash, with the related amount refinanced under the new credit facility. Excluding this item, Free Cash Flow for the quarter would have been meaningfully positive and consistent with the Company's underlying operating performance.Adjusted Net Income(1) of $3.1 million, a year over year increase of $3.2 million. ATB Credit Facility. Decibel closed a new $61 million credit facility with ATB Financial and ATB Cormark Capital Markets that extends Decibel's debt maturities out to 2030, reduces 2026 payment obligations by $5 million and provides up to $10 million in undrawn available capital. The Company's pro forma Trailing Twelve Month Total Debt to EBITDA is expected to remain below 2.0x. The Company has a $10 million revolver which is currently undrawn and available and the Company intends to keep the facility undrawn.Creston Facility Sale. Decibel announced a conditional agreement for the sale of its cultivation property located in Creston, British Columbia. The agreed sales price is $2.5 million. The sale reflects further optimization of Decibel's operating footprint, having no impact to the Company's revenue outlook while anticipated to save $4 million annually. The sale remains subject to satisfaction of certain conditions.  Decibel expects to complete the sale before June 30, 2026.Note:1 Non-GAAP financial measure. Refer to "Cautionary Statements – Non-GAAP Measures" for further details.Summary Highlights



Three months ended



March 31


20262025(thousands of Canadian dollars, except where noted)



Gross Canadian recreational sales 1

$32,040$29,390Net Canadian recreational sales 1

$20,258$19,011International sales 1

$9,582$2,227




Total



Gross revenue

$41,622$31,617Net revenue

$29,840$21,238Gross profit before fair value adjustments

$15,175$10,589Gross margin before fair value adjustments

51 %50 %Adjusted EBITDA3

$6,917$3,456Loss and comprehensive loss

($2,177)($1,901)Adjusted net income (loss)3

$3,070($149)Cash flow from continuing operations

($13,938)($711)Free cash flow2, 3

($14,632)($1,229)




Per Share Metrics



Loss per share

($0.00)($0.00)Adjusted EPS 3

$0.01-1 Supplementary financial measure. Refer to "Cautionary Statements – Non-GAAP Measures" for further details.2 Non-GAAP financial measure. Refer to "Cautionary Statements – Non-GAAP Measures" for further details.3 Non-GAAP ratio.  Refer to "Cautionary Statements – Non-GAAP Ratios" for further detailsDecibel's consolidated interim financial statements for the three months ended March 31, 2026, and 2025 (the "Financial Statements") and related MD&A are available on SEDAR+ under the Company's profile at www.sedarplus.ca.The Company will host a live conference call to discuss the results at 10:00 a.m. MST today. To instantly join the conference call by phone, please use the following link to easily register close to the call start time. After registering, the system will call you instantly and connect you into the conference call automatically:https://registrations.events/easyconnect/2917219/rec4ETEMWtBBxnYLB/Alternatively, you may dial in to the conference call to be connected by an Operator by calling  1-647-932-3411 for local participants, 1-800-715-9871 for Canadian participants, or 1-(888)-880-3330 for U.S. participants, referencing conference ID 2917219.www.decibelcc.comAbout Decibel Decibel is a consumer-focused cannabis company with a strong foundation in the Canadian adult-use market, built on leading brands including General Admission, Qwest and Standard Issue. The Company focuses on disciplined innovation, consistent product quality and strong brand execution. Alongside its leadership position in Canada, Decibel is a significant and growing participant in international cannabis markets. Decibel operates a processing and manufacturing facility in Calgary, Alberta, a cultivation facility in Battleford, Saskatchewan, and an EU GMP licensed cultivation and processing facility in Chatham, Ontario.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.Cautionary StatementsNon-GAAP Measures This news release contains certain financial performance measures, namely Adjusted EBITDA, Adjusted Net Income and Free Cash Flow, that are not recognized or defined under IFRS (termed "Non-GAAP Measures"). As a result, this data may not be comparable to data presented by other licensed producers and cannabis companies. For an explanation of these measures to related comparable financial information presented in the Financial Statements prepared in accordance with IFRS, refer to the discussion below. The Company believes that these Non-GAAP Measures are useful indicators of operating performance and are specifically used by management to assess the financial and operational performance of the Company. Accordingly, these Non-GAAP Measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Adjusted EBITDA is a non-GAAP financial measure that is calculated as net income (loss) and comprehensive income (loss) excluding unrealized gain on changes in fair value of biological assets, change in fair value of biological assets realized through inventory sold, depreciation and amortization expense, share-based compensation, other income, finance costs, foreign exchange loss, non-cash production costs and severance payments. Non-cash production costs relate to amortization expense allocations included in production costs. This non-GAAP financial measure should be considered together with other financial information prepared in accordance with IFRS to enable investors to evaluate Decibel's operating results, underlying performance and prospects in a manner similar to Decibel's management.



Three months ended



March 31


20262025(thousands of Canadian dollars)



Loss and comprehensive loss

(2,177)(1,901)Unrealized gain on changes in fair value of biological assets 

(4,608)(3,987)Change in fair value of biological assets realized through inventory sold

5,7935,739Depreciation and amortization

1,6401,642Share-based compensation

781187Other (income) loss

(123)293Finance costs

971689Foreign exchange loss

167196Non-cash cost of goods sold1

362598Other adjustments2

4,111-Adjusted EBITDA3

6,9173,456Adjusted Net Income is a non-GAAP financial measure that is calculated as net income (loss) and comprehensive income (loss) excluding unrealized gain on changes in fair value of biological assets and change in fair value of biological assets realized through inventory sold. 



Three months ended



March 31


20262025(thousands of Canadian dollars)



Loss and comprehensive loss

(2,177)(1,901)Unrealized gain on changes in fair value of biological assets

(4,608)(3,987)Change in fair value of biological assets realized through inventory sold

5,7935,739Other adjustments

4,062-Adjusted net income 1

3,070(149)Weighted average number of shares outstanding

577,010,931576,848,521Adjusted EPS 

$0.01-These measures are intended to provide a proxy for the Company's net income (loss) and comprehensive income (loss) and are used to compare Decibel to its competitors and derive expectations of future financial performance of the Company and should be considered together with other financial information prepared in accordance with IFRS to enable investors to evaluate Decibel's operating results, underlying performance and prospects in a manner similar to Decibel's management.Free Cash Flow is a non-GAAP financial measure that is calculated as cash flow from operations less cash provided by (used in) investing activities. This non-GAAP financial measure should be considered together with other financial information prepared in accordance with IFRS to enable investors to evaluate Decibel's operating results, underlying performance and prospects in a manner similar to Decibel's management. 



Three months ended



March 31


20262025(thousands of Canadian dollars)



Cash used in continuing operating activities 

(13,938)(711)Cash used in investing activities

(694)(518)Free cash flow1

(14,632)(1,229)Free Cash Flow is a non-GAAP financial measure that is calculated as cash flow from operations plus cash provided by (used in) investing activities, changes in non-cash working capital, less repayment of long-term debt. This non-GAAP financial measure should be considered together with other financial information prepared in accordance with IFRS to enable investors to evaluate Decibel's operating results, underlying performance and prospects in a manner similar to Decibel's management. Non-GAAP RatiosAdjusted EPS, or adjusted earnings per share, is a non-GAAP ratio, does not have a standardized meaning prescribed by GAAP and is therefore unlikely to be comparable to similar measures presented by other issuers. Adjusted EPS is calculated as net income (loss) and comprehensive income (loss) excluding unrealized gain on changes in fair value of biological assets and change in fair value of biological assets realized through inventory sold, divided by the weighted average common shares outstanding.  The Company believes that adjusted earnings per share is a useful metric to normalize net income for biological asset accounting impacts. Supplementary Financial Measures International Sales is a supplementary financial measure intended to provide a more accurate depiction of international sales earned by the Company's wholesale operations. Gross Canadian Recreational Sales is a supplementary financial measure intended to provide a more accurate depiction of gross revenue earned by the Company's wholesale operations. Net Canadian Recreational Sales is a supplementary financial measure intended to provide a more accurate depiction of net revenue earned by the Company's wholesale operations. Forward-Looking Statements This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate to, among other things: expectations relating to the scaling of international sales and management's belief that significant opportunity lies ahead for Decibel's operations, expectations that demand for Decibel's products will grow; the ability of Decibel to extend its product offering to new countries and create a global footprint, including anticipation of incremental international volumes, new contracts, new GACP cultivators onboarded, increasing value-add services, and the anticipated contributions from these activities, and the timing thereof; Decibel's expectations relating to completion and timing of the Creston Facility sale; statements relating to the expansion of production of EU GMP extracts to meet increasing demand; statements relating to Decibel's expectations that demand will increase generally; Decibel's expectation and belief that international sales are positioned for significantly high double-digit growth through 2026; the Company's marketing efforts and brand expansion, and the expected benefits therefrom; and its other business plans and expectations. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements contained in this news release. Except as required by law, the Company assumes no obligation to update the forward-looking statements of beliefs, opinions, projections or other factors should they change, except as required by law.Forward-looking statements and FOFI (as defined herein) are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: risks relating to delays, regulatory changes and impacts; capital requirements; the ability to obtain and maintain licences to retail cannabis products; the ability to successfully market and sell its products domestically and internationally; the ability for the Company to continue successful relationships with international customers and GACP cultivators; review of the Company's production facilities by Health Canada and maintenance of licences (including any amendments thereto) from Health Canada in respect thereof; future legislative and regulatory developments involving cannabis; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; the labour market generally and the ability to access, hire and retain employees; general business, economic, competitive, political and social uncertainties; including the imposition of levies and tariffs, and the general impact of such policies on the broader economy; the risk that the Company may not be able to meet consumer demand; the risk that the Company may not improve its operational capacity when anticipated or at all; the risk that Decibel may not remain in compliance with its financial covenants for the remainder of its twelve-month forecast period; the risk that the Creston Facility sale is delayed or is not completed; and the delay or failure to receive board, regulatory or other approvals, including any approvals of the TSX Venture Exchange, as applicable. Many of these risks and uncertainties and additional risk factors are described in the Company's MD&A for the year ended December 31, 2025, which is available under the Company's profile at www.sedarplus.ca. With respect to forward-looking statements and FOFI contained in this news release, Decibel has made assumptions regarding, but not limited to: growth of the brand and recognition in Canada will lead to growth internationally; demand for Decibel's products; Decibel's ability to enter new markets and industry verticals; Decibel's ability to attract, develop and retain key personnel; Decibel's ability to raise additional capital and to execute on its expansion plans; the timelines for new product launches; Decibel's ability to continue investing in infrastructure and implement scalable controls, systems and processes to support its growth; the impact of competition; the changes and trends in Decibel's industry or the global economy; the Company's ability to generate sufficient cash flow from operations and obtain financing, if needed, on acceptable terms or at all; the general economic, financial market, regulatory and political conditions in which the Company operates; the ability of the Company to ship its products and maintain supply chain stability; the continued relationships with the Company's international customers and GACP cultivators, and the successful expansion of EU GMP extracts and related growing demand for such extracts; consumer interest in the Company's products; anticipated and unanticipated costs; government regulation of the Company's activities and products; the timely receipt of any required regulatory approvals; the Company's ability to conduct operations in a safe, efficient and effective manner; the Company's construction plans and timeframe for completion of such plans; and the changes in laws, rules, regulations, and global standards.Readers are cautioned that the foregoing list of assumptions and risk factors is not exhaustive. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this news release are made as of the date hereof and Decibel does not undertake any obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless so required by applicable securities laws.Preliminary Financial InformationAny financial outlook or future oriented financial information (in each case "FOFI") contained in this news release regarding the Company's prospective financial position, including, but not limited to Net Revenue, international sales and Adjusted EBITDA projections relating to Q2, 2026 and full year 2026 guidance in this news release, is based on reasonable assumptions about future events, including those described above, based on an assessment by management of Company of the relevant information that is currently available.The Company's anticipated financial results, including, but not limited to, Net Revenue, international sales and Adjusted EBITDA (see "Non-GAAP Financial Measures" above) assumes, among other things: (i) relative stability in interest rates; (ii) limited relative deterioration in foreign exchange rates due to ongoing and evolving trade and tariff policies; (iii) limited overall impact to the Company's costs resulting from trade and tariff policies and from other geopolitical factors, including conflict in the Middle East; (iv) limited overall impact to domestic and international demand for our products resulting from the broader economic impacts from trade and tariff policies, and related uncertainty; (v) the Company's ability to strengthen its domestic competitive position; (vi) the growth of domestic sales for the Company's products, including, but not limited to, the Standard Issue brand, refreshed vape portfolio, and reinvigorated flower offering; and (vii) the Company's international outlook, including, but not limited to, its ability to maintain its international customers, GACP cultivators, flower processing capacity, and EUGMP extract demand. The actual results will likely vary from the amounts set forth herein and such variations may be material.The Company's anticipated financial results are unaudited and preliminary estimates that: (i) represent the most current information available to management as of the date of this news release; (ii) are subject to completion review and audit procedures that could result in significant changes to the estimated amounts; and (iii) do not present all information necessary for an understanding of the Company's financial condition as of, and the Company's results of operations for, such periods. The anticipated financial results are subject to the same limitations and risks as discussed under "– Forward-Looking Statements" above. Accordingly, the Company's anticipated financial results for such periods may change upon the completion and approval and audit of the financial statements for such periods and the changes could be material. View original content to download multimedia:https://www.prnewswire.com/news-releases/decibel-reports-first-quarter-2026-results-quarterly-revenue-grows-41-yoy-to-30-million-issues-q2-2026-guidance-302778669.htmlSOURCE Decibel Cannabis Company Inc. Original: Decibel Reports First Quarter 2026 Results: Quarterly Revenue Grows 41% YoY to $30 Million, Issues Q2 2026 Guidance

Decibel Announces Closing of $61 Million Credit Facility with ATB FinancialFebruary 10, 2026 8:00 AM
PR Newswire (Canada)

CALGARY, AB , Feb. 10, 2026 /CNW/ - Decibel Cannabis Company Inc. (the "Company" or "Decibel") (TSXV: DB) (OTCQB: DBCCF), a market leader in premium cannabis and extract manufactured products, is pleased to announce that it has closed credit facilities totaling $61 million with ATB Financial and ATB Cormark Capital Markets (collectively, "ATB").







"With our existing term loan coming due in January 2027, we were proactive in securing refinancing that extends our maturities to February 2030, reduces our 2026 payment obligations by $5 million, and provides an upsized revolver that allows us to pursue corporate development initiatives." said Ben Sze, Chief Executive Officer of Decibel. "We are now free cash flow positive and without any material near-term debt maturities. The Company remains well positioned to continue its leadership in the Canadian ready-to-consume categories and to drive significant international growth and financial performance through our international business with the AgMedica facility. I also want to thank the ATB team for their support of our business and delivering a market leading four-year term on this financing."Financing Highlights$40 million First Lien Term Facility with normal course principal repayments throughout the term, and a bullet repayment at maturity (the "First Lien Term Facility") which replaces the facility from Servus Credit Union Ltd. (formerly, Connect First Credit Union Ltd.) that was due January 2027.$10 million Revolving First Lien Credit Facility which allows flexibility and immediate access to capital to pursue corporate development with immediately available funds. On close, $3 million of such facility will be available, and the remainder will become available once certain conditions subsequent have been satisfied (the "Revolving First Lien Credit Facility" and together with the First Lien Term Facility, collectively, the "First Lien Facilities").$11 million Second Lien Term Facility which results in no net change to total liabilities, while reducing certain other 2026 payment obligations, enhancing Decibel's free cash flow generation with normal course principal repayments throughout the term, and a bullet repayment at maturity (the "Second Lien Term Facility" and together with the First Lien Term Facility and the Revolving First Lien Credit Facility, collectively, the "Loan Facilities")."We are incredibly excited to partner with ATB to position Decibel for continued growth of the business domestically and abroad while strengthening our balance sheet", said Stuart Boucher, Chief Financial Officer of Decibel. "Our strengthened balance sheet will position the Company to pursue corporate development initiatives. Our return on investment on the AgMedica acquisition exceeds 50% annualized and we believe that the available capital will allow us to pursue further opportunities to develop our business and gain scale to become a leading global cannabis company. Capital remains tight in the industry and with this new financing we will be able to pursue opportunities that drive value for the business while still maintaining a debt to EBITDA ratio of less than 2.0x."The Loan Facilities bear interest at ATB's referenced benchmark rates plus a spread determined by funded debt to trailing twelve month adjusted EBITDA. The Loan Facilities are subject to normal course funded debt, fixed charge and minimum cash covenants.  The First Lien Facilities are secured by a first-priority security interest over all the assets of Decibel, as borrower, and certain of its material subsidiaries, as guarantors. The Second Lien Term Facility is secured by a second-priority security interest over all the assets of Decibel, as borrower, and certain of its material subsidiaries, as guarantors. Each of Loan Facilities includes customary positive and negative covenants and events of default for loans of similar type, including financial covenants.About Decibel Decibel is a consumer-focused cannabis company focused on delivering products that delight customers through a commitment to robust innovation and product quality. Leading brands General Admission, Qwest and Standard Issue are among its portfolio sold both across Canada and beginning to extend towards new countries to create a global footprint. Decibel operates a processing and manufacturing facility in Calgary, Alberta, two cultivation facilities in Creston, British Columbia and Battleford, Saskatchewan, and an EUGMP licensed cultivation and processing facility in Chatham, Ontario.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.Forward-Looking Statements This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", "is expected", "anticipates", "plans", "forecasts", "estimates", "believes", or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.In this news release, forward-looking statements relate to, among other things, the anticipated use of funds advanced under the Loan Facilities and statements relating to the anticipated growth of the Company.Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: risks relating to the Company's business operations, including regulatory changes and impacts; capital requirements; global macro-economic events, conditions and factors; the ability of the Company to obtain and maintain licenses to retail cannabis products; review of the Company's production facilities by Health Canada and maintenance of licenses (including any amendments thereto) from Health Canada in respect thereof; future legislative and regulatory developments involving cannabis, international export rules and regulations; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; the labour market generally and the ability to access, hire and retain employees; and general business, economic, competitive, political and social uncertainties.There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements contained in this news release. Except as required by law, the Company assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.These forward-looking statements are made as of the date of this news release and the Company disclaims any intent or obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.



View original content to download multimedia:https://www.prnewswire.com/news-releases/decibel-announces-closing-of-61-million-credit-facility-with-atb-financial-302683145.htmlSOURCE Decibel Cannabis Company Inc.

Original: Decibel Announces Closing of $61 Million Credit Facility with ATB Financial

At resistance. Next resistance .07 then .09.

Quiet achiever so far.

GLTA.

Acting well, looks primed. Guess we'll find out.

Thank you for the link.

Thank you for the link, much appreciated. To me Tweed was the appetizer and I am ready for the main course. I am more excited now than I was then and people still just do not go get it

**NEWS** Decibel Expands Global Footprint with Agreement to Supply Medical Cannabis to 4C LABS for Distribution in the United Kingdom

"We are excited to partner with 4C LABS, a leading organization in the growing medical cannabis industry in the UK, that echoes Decibel's commitment to quality and patient care. Not only will this unlock a strong partnership and a new market for Decibel's craft cannabis products, it also sets the stage for further growth into other European markets," said Adam Coates, Chief Revenue Officer. "Decibel's success with Qwest flower products in Canada and in Israel's medical market reinforces the demand for premium cannabis products and the reputation we have built to service that demand."

https://finance.yahoo.com/news/decibel-expands-global-footprint-agreement-120000843.html

Hey GreenIves, Hope you had a great summer!!!! It looks like Decibel did with this new international partnership and reporting record market share putting them in second place a few weeks ago. Hoping for 1st Place next report, with Decibels Tiger Blood Pre-rolls currently in 1st Place in 3 Provinces things are looking good to me!!! Congrats to the team!!!

There's even some positive signs of more investor interest in the cannabis sector lately. Fingers crossed!!!! GL GreenIves & GLTA

https://finance.yahoo.com/news/decibel-announces-record-second-quarter-120000248.html

Decibel Announces Record Second Quarter Results with $30.9 Million of Net Revenue, $7.3 Million of Adjusted EBITDA, and Positive Free Cash Flow

"Our strong second quarter sequential net revenue growth, driven by demand for our core products and international exports, continues to exceed our publicly-stated targets." said Paul Wilson, CEO of Decibel. "We continue to highlight the success in our new, unique and innovative product strategy, demonstrated through clear consumer preference to our infused pre-roll strategy. In 2023, our industry leading brand, General Admission, has grown category share to 49%3 (+6% YTD3) in light of significant category competition through new competitive brands: +50 Brands3 (+56% YTD3) & New SKU's: +156 SKU's3 (+62% YTD3). Currently the infused pre-roll segment makes up ~34% of the Canadian pre-roll category3, in established US markets it makes up ~60% (California & Arizona YTD Sales '233). We continue to see tailwinds for our core business that will further reinforce our Canadian market position and international presence."

Headset Data

https://www.headset.io/markets/ontario

**NEWS** Decibel Announces First Quarter Results with Record $27.1 Million of Net Revenue, $6.8 Million of Adjusted EBITDA, and $0.01 of Adjusted EPS

"We've started the year off with another strong quarter that represents both significant year over year acceleration as well as sequential growth." said Paul Wilson, CEO of Decibel. "Our New, Unique and Innovative products, assortments and formats continue to resonate with both new and existing customers. This provides ample momentum as we approach a number of material and additional catalysts this summer, when we expect to build market share and brand position in Canada, and in turn continue to leverage our business internationally".

https://finance.yahoo.com/news/decibel-announces-first-quarter-results-120000707.html

Hey GreenIves!!!! Happy to see another record setting quarter from the Decibel Team. Especially liking Decibel at #3 in market share. Only two spots left to reach the top!!!!

Looks like they sold close to half a million dollars a day in Decibel products according to my math. That's pretty wild considering they were a brand new company with half built facilities just a few years ago. DB was smart and focused on the automated production of concentrates with repeatable high quality results and the strong effects customers want. Looks like it's paying off in a big way with rapidly improving gross margins!!!! Like :) Congrats to the team on another record setting quarter. Good Luck GreenIves & GLTA :)

Decibel Cannabis keeps Outperform rating with Raymond James

https://www.cantechletter.com/2023/05/decibel-cannabis-keeps-outperform-rating-with-raymond-james/#

**NEWS** Decibel Announces Year End and Fourth Quarter Results with Record Fourth Quarter $25.8 Million Net Revenue and $7.1 Million Adjusted EBITDA

"Our fourth quarter results capped off a year of strong financial performance with record results including market share, net revenue, adjusted EBITDA, and adjusted net income. This creates momentum heading into 2023 with demand continuing to grow and assets well positioned to deliver on this demand", said Paul Wilson, CEO of Decibel. "We have a number of 2023 catalysts that support an outlook where Decibel continues to build its market share and brand position in Canada and in turn leverage into international opportunities."

https://ca.finance.yahoo.com/news/decibel-announces-end-fourth-quarter-110000653.html

Hey GreenIves!!!! Happy to see you're still here too :) Also happy to see another record setting report from the Decibel team. Not surprising if you've been watching the Headset sales data. Right now Decibel has the top four selling pre-rolls in BC including #1 Tiger Blood, #2 Peach Ringz, #3 Maui Wowie, and #4 Peach Ringz (3 Pack). They also have the top two selling pre-rolls in Ontario with #1 Taster (3 Pack), and #2 Tiger Blood. Congrats to the Decibel Team once again on another big growth year. Like :) Good Luck GreenIves & GLTA!!!

Headset Data Updates Weekly

https://www.headset.io/the-best-selling-cannabis-products/british-columbia-pre-rolls

Always love your updates! Happy to see you’re still here! Keep up the great work and as always good luck to you as well! Hoping 23’ brings us fortune and happiness!

**NEWS** Decibel Provides Preliminary Record Level Q4 2022 Results and 2023 Outlook

Decibel has continued its market share gains, becoming the third largest LP in Canada by market share and the fastest growing large LP with 77% growth in 2022. We remained focused on developing consumer loyalty and category expansion supported through refinement of differentiation within our products. By creating demand, it led to an abundance of attractive investment opportunities by way of automation and supply chain optimization, leading to record level gross margin in the back half of the year. Through these steps, we've grown Decibel's top and bottom line substantially, capping off the year with record level results. We are steadfast in our strategic plan that has driven our recent success, while remaining nimble to navigate a highly dynamic Canadian marketplace and ever-growing international landscape.

https://ca.finance.yahoo.com/news/decibel-provides-preliminary-record-level-130000764.html?.tsrc=fin-srch

Hey GreenIves!!!! Another record quarter on the way!!!! Nice of Decibel to give us a heads up so we don't have to wait so long for the Q4 numbers. It's getting to the point where I'd be surprised if every quarter isn't a record setter.

According to recent Headset data Decibel now has 5 of the Top 10 selling vapes in Ontario, including #1 Tiger Blood, #2 Peach Ringz, #4 Honeydew Boba, #6 Strawnana, and #7 Maui Wowie. Decibel's Tiger Blood Vape Cart is also the #1 selling cart in BC and Alberta.

Decibel also has 3 of the Top 10 selling Pre-rolls in Ontario including #4 Taster Pack, #7 Tiger Blood, and #8 Peach Ringz. Plus 3 in the Top 5 in BC including #1 Peach Ringz, #2 Tiger Blood, and #5 Peach Ringz (3 pack). In Alberta they have the Top 2 pre-rolls with #1 Tiger Blood and #2 Peach Ringz.

With these results it's no surprise that DB is the fastest growing large LP with 77% growth in 2022. Decibel was smart to invest in automation early on with the result being higher gross margins now and in the future. Glad to hear they continue to invest in automation and supply chain optimization. Congrats to Team Decibel on another record quarter!!!! Looking forward to more of the same in 2023!!!! Good Luck GreenIves and GLTA!!!!

Decibel Cannabis is heading higher, says Haywood

https://www.cantechletter.com/2023/02/decibel-cannabis-is-heading-higher-says-haywood/#

Headset Data Is Updated Weekly

https://www.headset.io/the-best-selling-cannabis-products/ontario-vapor-pens

**NEWS** Decibel Announces Another Record Market Share Month in December

"Our continued market share growth in a highly competitive environment is a testament to our commitment to innovation and quality products", said Paul Wilson, CEO of Decibel. "With continued success in our brands and products, the demand we are experiencing has been tremendous and provides opportunity for growth for Decibel in 2023."

https://finance.yahoo.com/news/decibel-announces-another-record-market-130000514.html

More Great News GreenIves!!!! Focusing on infused products from the beginning is now paying off big time for the company. On Reddit OCS store owners say General Admission Infused Pre-Rolls are selling like crazy. Customers seem to love their flavor profiles which is a testament to the R&D Team at The Plant.

Pretty wild that DB has now passed by some of the biggest names in cannabis. They've come a long way in a short amount of time by understanding that great flavor and strong effects are what customers want most of all. Along with reproducible consistency and a fair price of course.

Hey GreenIves, DB only needs to jump two more LP's to be Number One :) Congrats to the team!!!! GLTA

**NEWS** Decibel Announces Third Quarter Results with Record Level Positive Net Income, Adjusted Net Income and Adjusted EBITDA

"Our third quarter results coupled with another record market share month to start the fourth quarter continue to demonstrate our focus in achieving our 2022 operational outlook", said Paul Wilson, CEO of Decibel. "With highly successful recent product launches, the demand we are experiencing has been tremendous and provides opportunity for material growth for Decibel. The continued progress by our productivity initiatives alongside another period of record gross profit position us well to deliver on this demand and drive further profitability, as we track towards a strong fourth quarter to end 2022."

https://finance.yahoo.com/news/decibel-announces-third-quarter-results-130000013.html

Hey GreenIves!!!! Loving the record $28 million in product sales with increasing margins.Puts them over $100 million annual run rate for the first time. Not surprising if you've been watching DB consistently dominate the Headset Top 10 Vapes in Ontario for months now. Decibel's General Admission Vapes also hold the #1 and #2 spots in Alberta, and BC. The #1 Vape in all three provinces is GA's Peach Ringz, which is a testament to DB's consumer research team.

Liking the recent news of Decibel product shipped to Israel. Smart establishing a European Union supply chain before they go recreational. Also liking DB attracting new board members from brand name companies with capital market connections. Cody did a great job successfully growing the company through a pandemic. Looking forward to a record Q4 GreenIves!!!! GLTA :)

https://www.headset.io/the-best-selling-cannabis-products/ontario-vapor-pens

**NEWS** Decibel Announces Third Quarter Results with Record Level Positive Net Income, Adjusted Net Income and Adjusted EBITDA

"Our third quarter results coupled with another record market share month to start the fourth quarter continue to demonstrate our focus in achieving our 2022 operational outlook", said Paul Wilson, CEO of Decibel. "With highly successful recent product launches, the demand we are experiencing has been tremendous and provides opportunity for material growth for Decibel. The continued progress by our productivity initiatives alongside another period of record gross profit position us well to deliver on this demand and drive further profitability, as we track towards a strong fourth quarter to end 2022."

https://finance.yahoo.com/news/decibel-announces-third-quarter-results-130000013.html

Hey GreenIves!!!! Loving the record $28 million in product sales with increasing margins.Puts them over $100 million annual run rate for the first time. Not surprising if you've been watching DB consistently dominate the Headset Top 10 Vapes in Ontario for months now. Decibel's General Admission Vapes also hold the #1 and #2 spots in Alberta, and BC. The #1 Vape in all three provinces is GA's Peach Ringz, which is a testament to DB's consumer research team.

Liking the recent news of Decibel product shipped to Israel. Smart establishing a European Union supply chain before they go recreational. Also liking DB attracting new board members from brand name companies with capital market connections. Cody did a great job successfully growing the company through a pandemic. Looking forward to a record Q4 GreenIves!!!! GLTA :)

https://www.headset.io/the-best-selling-cannabis-products/ontario-vapor-pens

Great info as always! Appreciate the link! Again I feel this is only a matter of time. Great products, great company, and now international! Great buying opportunity today!:) GL my friend!

**NEWS** Decibel Announces International Expansion of Qwest Brand

"The Qwest brand enjoys popularity in the Canadian premium market, and also global awareness as legalized cannabis markets develop." Said Paul Wilson, CEO of Decibel. "As Decibel continues to experience record performance in Revenue, EBITDA, gross margin and market share, the combination of a stable growing Canadian LP with a dominant premium brand attracted international business attention and opportunity. We are thrilled to partner with BOL and look forward to a long relationship."

https://finance.yahoo.com/news/decibel-announces-international-expansion-qwest-120000688.html

Hey GreenIves!!!! Decibel is going international!!! They really have come a long way since we started watching.

Its been a roller coaster ride for cannabis companies, but mostly up for DB in the revenue department. The SP is a whole other discussion, but they are making an effort to tell their growth story.

Liking that more international business is in the pipeline. Hopefully they will find a way to get Decibel products into the US, like using manufacturing partnerships for their brands until legalization allows CA imports.

Right now Decibel's brand General Admission holds 5 of the Top 10 positions for Vape Cartridges in Ontario. Including #2 Strawnana, #3 Honeydew Boba, #6 Pineapple Daze, #8 Rainbow Sherbet, and #10 Peach Ringz.

To me that's a dominant position to hold by any measure, and a major achievement for the team. Congrats Team DB on another big step forward!!!! Good Luck GreenIves, & GLTA

https://www.headset.io/the-best-selling-cannabis-products/ontario-vapor-pens

**NEWS** Decibel Cannabis Q2 Revenue Increases 12% Sequentially to C$18.6 Million

"Our second quarter results continue to demonstrate that Decibel is on the path we projected in our 2022 operational outlook", said Paul Wilson, Chief Executive Officer of Decibel. "Our New Unique and Innovative product development and revenue generating initiatives have once again produced quarter-over-quarter record performance. This progress has been compounded by our productivity initiatives and record gross profit, now resulting in positive cash flow, putting us on track for another projected milestone."

"With more highlights scheduled for the back half of 2022, Decibel is delivering exactly what we've planned and forecasted to the market, ourselves, and our shareholders."

https://www.newcannabisventures.com/decibel-cannabis-q2-revenue-increases-12-sequentially-to-c18-6-million/

Hey GreenIves!!!! Another record quarter with $26+ million in gross revenue, plus cash flow positive once again. This pushes DB's annual run rate over the $100 million mark with positive guidance of more to come. Happy to hear record level demand has continued into the current quarter, supported by new production equipment to increase supply. Especially like the increasing gross margins as a result of smart investments in The Plant production facility.

Decibel currently has some of the hottest products on the market with their infused pre-rolls and vape carts leading the way. Right now DB has the number one vape cart in Ontario (Strawnana), and four of Ontario's Top 10 carts, according to Headset data. They also have the #1 vape cart in BC (Peach Ringz). Plus General Admission's Honeydew Boba Infused Pre-Rolls are the first infused flower products to make any Top 10 list to my knowledge. Currently #7 in Alberta. Like :) Congrats to the team once again!!!!

Even more to like in this report GreenIves!!!! Good Luck :) glta

https://www.headset.io/the-best-selling-cannabis-products/ontario-vapor-pens

General Admission Vape Carts Dominating Ontario Top 10...

Hey GreenIves!!!! According to this new Headset data GA has five of the top ten selling vapes in Canada's largest market. Including the #1 selling cartridge Strawnana, #4 Pineapple Daze, #7 Rainbow Sherbet, #8 Tropic Girl Scout Cookies, and #10 Honey Dew Boba. That's a really dominant position to hold in a hyper competitive category. From what I can tell customers love their flavor profiles and that keeps them coming back for more. You can't have 5 in the Top 10 without large numbers of repeat customers. These numbers are a great sign the current quarter could be a real doozy come report time. Fingers crossed GreenIves!!! GL & Glta :)

You can also see the Alberta, BC and US results using the drop down arrows above the Top Ten list. The data updates every two weeks. Good investor info for free. Like!!!

https://www.headset.io/the-best-selling-cannabis-products/ontario-vapor-pens

They continually deliver! With the markets the way the are, I feel safe with Decibel! Looking at liquidating some other positions in hopes of getting over 200k shares! How are we at .06 still!?!?

**NEWS** Decibel Announces Material Positive Adjustments to Q2 2022 Net Revenue and Adjusted EBITDA Growth

"In the second quarter Decibel continued to match and exceed revenue projections, and significantly exceed EBITDA projections. Performance was driven by exceptional continued growth in demand for our popular brands and new products. This, coupled with prioritizing certain key capital initiatives, generated gross margin and EBITDA significantly beyond our forecast," said Paul Wilson, CEO of Decibel. "We expect revenue in the quarter to be in the $18.5 - $19.5 range and corresponding Adjusted EBITDA in the $3.0 - $3.5M range. Margins and profitability expanded with our automation, infrastructure and cost engineering improvements coming online earlier than planned. These improvements have been in the pipeline and impacted the end of Q2, with the full impact unfolding in the third and fourth quarter. The impact of these projects appears to be well beyond our projections for gross margin expansion."

https://finance.yahoo.com/news/decibel-announces-material-positive-adjustments-120000890.html

Hey GreenIves!!!! I'm loving all the positive guidance we're getting from the company in this update. With all the train wreck guidance we're seeing in the cannabis industry it's nice to see Decibel outperforming the competition and gaining market share. Most are still promising cash flow positive when DB's already there. Sounds like they're expecting much higher revenues in Q3 & Q4 due to automation and other improvements recently completed. But lets just savor this one for a minute before we move on :) Congrats (Once Again) Team DB!!!! Like :) GL GI & GLTA

Recent interview with Decibel executive Adam Coates. Terrible talk over interviewers but Adam does manage to get in some good current info on the company.

**NEWS** Decibel Announces International Expansion and IMC-GAP Certification

"This is a very important milestone for the outlook of the Company as this certification unlocks untapped markets for Decibel. The opportunity allows the Company to provide its high-quality craft cannabis products internationally, while also setting the stage for the Decibel brands to develop international recognition and additional consumer exposure," said Paul Wilson, Chief Executive Officer.

https://finance.yahoo.com/news/decibel-announces-international-expansion-imc-120000209.html

Glad to see Decibel making a capital light move into international markets. Where the big boys went wrong was building and buying facilities overseas when they already had more than enough capacity to supply international sales from Canada.

There's already a few craft cannabis companies supplying Israel from Canada, so all the intial kinks to ship there have been worked out. Happy to see Decibel looking for revenue internationally in less restrictive countries like Israel. This also gets DB's foot in the door to Europe. Conrats Team!!! Like :) glta

CONTROL UNION MEDICAL CANNABIS STANDARD

https://certifications.controlunion.com/en/certification-programs/certification-programs/control-union-medical-cannabis-standard

**NEWS** Decibel Announces First Quarter Results with Record Net Revenue and Adjusted EBITDA

"Decibel remains on track to achieve its previously communicated targets, which is a testament to the focus on our strategic plan, and particularly our New, Unique and Innovative products and dedication to our customers", said Paul Wilson, CEO of Decibel. "We see momentum growing in our core business, and at the same time are driving towards creating shareholder value by restructuring our balance sheet. This makes Decibel one of the few in the cannabis space to repay convertible debentures rather than accept shareholder dilution."

https://www.prnewswire.com/news-releases/decibel-announces-first-quarter-results-with-record-net-revenue-and-adjusted-ebitda-301554863.html

Hey GreenIves!!! This is the best quarter yet with $23+ million in actual recreational product sales. That puts a lot of bigger names to shame this earnings season. Liking the large gains in gross margin and positive EBITDA. Best news was DB got their Health Canada license for The Plant processing hub expansion. Automation is the future if you want to survive and thrive. To me the reports just keep getting better on the top and bottom lines. Like :) glta

**NEWS** Decibel to Announce First Quarter Results on May 25

CALGARY, AB, May 19, 2022 /CNW/ - Decibel Cannabis Company Inc. (the "Company" or "Decibel") (TSXV: DB) (OTCQB: DBCCF), a premium cannabis producer, is pleased to announce the Company will release its 2022 first quarter financial results and related management discussion and analysis on May 25, 2022 before markets open.

https://finance.yahoo.com/news/decibel-announce-first-quarter-results-120000530.html

Hey GreenIves!!! This should be another record quarter driven by the new infused flower products launched in Q4. In the last press release they projected $16.5 to $17.5 million net revenue for Q1. Hopefully they come in closer to the top end, and continue their streak of EBITDA positve quarters. My guesstimate is they come in between 25 and 30 million in actual revenue before government excise taxes, which are way too high IMHO. Agree GI, it's a lot of revenue to tap for 5 cents. Remember what it did last time it got this low $$$. Fingers Crossed Again :) GL GI & GLTA

https://www.prnewswire.com/news-releases/decibel-announces-fourth-quarter-results-with-strong-net-revenue-growth-and-sixth-period-of-consecutive-positive-adjusted-ebitda-301530796.html

Wow! Never thought I’d see this touch .05’s again! With 52Mill of revs..no brainer to me. I’ll be switching some positions to hopefully double down on Decibel. They continue to deliver and hit each milestone set and Market share. Like you said. I think this is going to get bought up soon, or they will find a way to expand and hopefully continue to flourish. GL BGP!

DB vs SNDL

Decibel and Sundial recently reported yearly revenue for 2021. Both companies sell similar products and own retail stores. Here are some key comparisons that stand out to me. Numbers taken from Yahoo Finance.

Current Market Cap

Decibel $ 31.5 million
Sundial $ 1.15 billion

Shares Outstanding

Decibel 403 million
Sundial 2.39 billion

Net Revenue 2021

Decibel 52 million
Sundial 56 million

Net Revenue Increase from 2020

Decibel +75%
Sundial -8%

Current Share Price

Decibel .075 US
Sundial .46 US

Decibel held its own against some really well funded competition in 2021, including Sundial, who had a unrestricted cash balance of $558 million at the end of 2021. On a revenue per share basis DB was the clear winner. Sundial has 5+ times the shares of Decibel. On a cash in the bank basis Sundial beats almost all Canadian LPs. I own both but think DB's products and branding are currently stronger than SNDL's. Hence DB's strong showing against a much larger company in 2021. Hoping that continues in 2022 :) Go Team!!! glta

The Acquisition Zone...

Man, Decibel's share price has been sitting in the acquisition zone for a long time now. My math shows the market cap ($27M) is lower than its yearly net revenue ($52M). About half the size actually. This predicament isn't limited to DB. Normally the bigger cannabis co's would be picking up these companies for their brands and market share, but they're currently downsizing, and using LP subcontractors instead. It's up to DB to figure out a way to get their share up to at least yearly income which would double its current price. This is crazy it's so low when they are so close to net income profitability.

The cannabis sector might soon discover the only way to raise capital is to change business models to dividend paying companies in the near future. This model could attract dividend inventors looking to get in on the ground floor. Even if cannabis co's paid small dividends in the beginning it would attract more and more investor attention as they grow. Cannabis dividends payers would fit right in with other agriculture dividend payers where it's common. The first step is letting your intentions be known that upon meeting certain financial milestones the company intends to pay a dividend. If the big boys aren't buying this could be the best path forward. Dividends for the masses :) always imho glta

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

"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."

https://www.prnewswire.com/news-releases/decibel-announces-fourth-quarter-results-with-strong-net-revenue-growth-and-sixth-period-of-consecutive-positive-adjusted-ebitda-301530796.html

Hey GreenIves!!!! How about that $52 million in net revenue for 2021. Nice!!! Plus getting 2022 off to great start with anticipated earnings of $16.5 to $17.5 million coming up next report. Best part they're still EBITDA positive for six straight quarters. Something not many, if any, Canadian LP's can match.

They've come a long way from where they started. Feel like we picked one of few cannabis winners that has yet to get the recognition they deserve. Lots to like in this report GreenIves. Congrats to the DB team for growing the company even when the supply chain is so unpredictable. Like :) always imho glta

The pandemic had little impact on Canada’s legal cannabis sales

The pandemic saw a boom in legal recreational cannabis sales across Canada. From March 2020 to February 2021, sales totaled $2.5 billion, double the $1.25 billion of the previous 12 months. Surveys likewise reported more cannabis users and more frequent usage in 2020 than the year before.

https://theconversation.com/the-pandemic-had-little-impact-on-canadas-legal-cannabis-sales-180206

It's well known that alcohol sales are mostly unaffected during economic downturns. Consumers just buy cheaper brands if need be. Looks like cannabis is following that same trend of increasing sales during anxious times. Makes sense being cannabis is calming to many patients and rec consumers.

Hey GreenIves!!! Hoping for another earnings increase in this weeks report. Fingers crossed. glta

General Admission Vapes #1 Online Sellers @ OCS.ca...

This good news is for the Ontario Holiday Period starting Oct 1st to Dec 31st 2021. To me this is a good sign for the upcoming Q4 release next week. They were also #2 for in store vape sales :) They're just not in as many stores as #1 Back Forty (yet). Hopefully now that the pandemic is winding down the sales team can start visiting stores again.

More good news is Qwest got their top selling Diamond Infused Pre-rolls into the Ontario market this week. These are Best Sellers in BC so I think they will be a hit in Ontario as well. They also got in a new flower strain Blueberry Syrup (yummy), and more General Admission Infused Pre-rolls.

Saw on Instagram where Coulson Cannabis will be using Qwest Grown Grape Pie Flower to make their Top Tier Rosin and Vapes. Check out this stellar analysis of Qwest's flower quality and yield. Wow!!! Great job DB team!!! Get the story out!!! glta

https://www.instagram.com/p/CcWZKHwMMPu/

https://i.redd.it/qikensrvklt81.jpg

**NEWS** Decibel to Announce Fourth Quarter Results on April 22

CALGARY, AB, April 8, 2022 /CNW/ - Decibel Cannabis Company Inc. (the "Company" or "Decibel") (TSXV: DB) (OTCQB: DBCCF), a premium cannabis producer, is pleased to announce the Company will release its 2021 fourth quarter financial results and related management discussion and analysis on April 22, 2022 before markets open.

https://finance.yahoo.com/news/decibel-announce-fourth-quarter-results-120000305.html

Hey GreenIves!!! Looking forward to seeing how holiday sales went with their expanded inventory of vapes, concentrates, and the new infused products included in the mix. Hoping to see a continued shift from from flower to higher margin extracts. Last quarter it was about 50% of revenue. Cannabis flower has almost become a commodity now so it's smart to shift away as quickly as possible. Fingers crossed for another good quarter. glta

Here's some good news for future GA vape sales -

Canadian cannabis vape sales growth continues as consumer preferences evolve

https://mjbizdaily.com/canadian-cannabis-vape-sales-growth-continues-as-consumer-preferences-evolve/

https://www.otcmarkets.com/stock/DBCCF/news/Decibel-Announces-Third-Quarter-Results-with-Strong-Net-Revenue-Growth-and-Re-Appointment-of-Director?id=331687

**NEWS** Decibel Appoints Manjit Minhas as Senior Advisor and Director Nominee

"We are thrilled to be able to welcome Manjit to the Company and are expecting that she will be formally elected to the Decibel board later this summer" said Decibel's Chairman Cody Church. "Manjit's incredible experience, expertise and consumer product success will have an immediate impact on both the Company and its board of directors ".

https://finance.yahoo.com/news/decibel-appoints-manjit-minhas-senior-120000332.html

Great job getting someone with this level of success in business. Color me impressed that her former company Inner Spirit sold to Sundial for $131 million in mostly cash. Considering Inner Spirit only reported $8.8 million in its last quarterly report I'd take that multiple all day long. Hopefully she can work the same magic with Decibel.

With the cannabis industry consolidating you need to be an acquirer or the acquired. If you are neither companies with economies of scale will eat your lunch. Decibel needed someone like Manjit Minhas to steer them in the right direction. Glad to have her on the Decibel team :) Congrats!!! glta

‘You’re Never too Young to Start an Empire’: Manjit Minhas on How She Made It

https://www.canadianbusiness.com/people/manjit-minhas-dragons-den/

**NEWS** Decibel Appoints Manjit Minhas as Senior Advisor and Director Nominee

"We are thrilled to be able to welcome Manjit to the Company and are expecting that she will be formally elected to the Decibel board later this summer" said Decibel's Chairman Cody Church. "Manjit's incredible experience, expertise and consumer product success will have an immediate impact on both the Company and its board of directors ".

https://finance.yahoo.com/news/decibel-appoints-manjit-minhas-senior-120000332.html

Great job getting someone with this level of success in business. Color me impressed that her former company Inner Spirit sold to Sundial for $131 million in mostly cash. Considering Inner Spirit only reported $8.8 million in its last quarterly report I'd take that multiple all day long. Hopefully she can work the same magic with Decibel.

With the cannabis industry consolidating you need to be an acquirer or the acquired. If you are neither companies with economies of scale will eat you for lunch. Decibel needed someone like Manjit Minhas to steer them in the right direction. Glad to have her on the Decibel team :) Congrats!!! glta

‘You’re Never too Young to Start an Empire’: Manjit Minhas on How She Made It

https://www.canadianbusiness.com/people/manjit-minhas-dragons-den/

**NEWS** Decibel Announces a Fourth Consecutive Month of Record Market Share and Provides an Operational Update

"With our capital projects having achieved key milestones, it is a testament to our commitment to quality products, which continue to drive strong growth in market share" said Paul Wilson, Chief Executive Officer of Decibel. "As these strategic investments come online, we anticipate operational efficiency gains that will enhance gross margins and drive growth in our bottom line."

https://finance.yahoo.com/news/decibel-announces-fourth-consecutive-month-120000818.html?.tsrc=fin-srch

Hey GreenIves, Another record month for DB market share!!! Like :)

What impresses me most is Decibel's #1 ranking in premium flower and pre-rolls both nationally and in major provincial markets. Equally impressive is their #2 standing for vape sales in Ontario and nationally.

Headset just reported the fastest growing cannabis category in the US is infused pre-rolls up 103% in 2021. Fortunately QWEST is a early infused mover with Diamond Infused Pre-rolls that have been in and out of stock multiple times in BC and AB.

Canada seems to follow California's lead pretty closely so I'm expecting 2022 to be a big year for infused products. We might soon see a launch of 3 new Diamond infused pre-rolls in Ontario, if you can believe what you read on Reddit :)

To me Decibel is smart to focus on high margin concentrates, and should use their low cost biomass to drive 2.0 retail prices down for more market share. Except keep the best of the best flower for connoisseurs only. The masses can wait :) Congrats to team DB!!!

Marijuana vapes, pre-rolls popular among US consumers seeking potency, innovation

https://mjbizdaily.com/marijuana-vapes-pre-rolls-popular-among-us-consumers-seeking-potency-innovation/

Hey GreenIves!!! Didn't think we would get a second bite of the apple at these levels. Especially with Haywood Capital recently maintaining its buy rating and .60 price target. The whole cannabis sector is way down like it was last year right before DB ran to the 30s. Decibel has only reported market share gains since then, so I'm still bullish on Decibel in 2022. Good luck to us again GreenIves :)

Tonnes of upside to Decibel Cannabis, says Haywood

https://www.cantechletter.com/2022/01/tonnes-of-upside-to-decibel-cannabis-says-haywood/#

Decibel Announces a Third Consecutive Month of Record Market Share in January

https://finance.yahoo.com/news/decibel-announces-third-consecutive-month-130000813.html

BGP!
You’re still putting out quality info and great post! Appreciate it.

Decibel also continues to produce and I can’t believe the current SP! I feel the cannabis sector will heat up summer/fall. IMO/hopes. Keep up the great vibes, and DD!

Canadian Retail Cannabis Sales Increased 29% in December to Record $382 Million

Hifyre IQ estimated that product categories have seen a shift towards non-flower products, which it estimates at a record 30% in December compared to 28.5% in November. In January, Hifyre estimates that non-flower products decreased to 29.5%, with a reduction in edibles driving the change.

https://www.newcannabisventures.com/canadian-retail-cannabis-sales-increased-29-in-december-to-record-382-million/

This is good news for Decibel that consumers are switching to concentrates and other non-flower products. This was the biggest revenue generating category for them in their last quarterly report. Almost double what they did in flower and retail sales individually.

The current oversupply of flower has no end in sight with 700+ LP's now competing for mostly flower market share. Westleaf was smart to invest early in a Cannabis 2.0 lab facility in addition to the Thunderchild cultivation facility.

Now during times of oversupply they can use their own flower for high margin 2.0 products over currently lower margin packaged flower. Liking that Decibel is moving more into concentrates that can be replicated consistently, over hit or miss flower harvest outcomes.

To me this recent selloff in the cannabis sector is crazy considering cannabis sales are at record levels. Seems like no amount of good news moves the needle. If things don't change soon profitable cannabis companies may have to offer dividends to investors to raise capital. This would be a smart move to give back to your cannabis community investors. Like me :) glta

Alberta stores preparing as online cannabis sales to go private in March

In High Level, 740 kilometres north of Edmonton, one cannabis store owner says she's not interested in selling online in Alberta.

"Everybody's going to be doing it," said Catherine Hill, who owns two stores called It's 420 Somewhere — one in High Level, another in Hay River, N.W.T.

Pot to be sold in Alberta private stores, on government website
It's easy to get into the online market, but that the market will be quickly saturated in Alberta — even in more remote locations, she said.

For now, Hill's focus is on creating an enjoyable in-store experience for shoppers.

"A lot of people also just love going in and speaking to their local bud tender."

https://www.cbc.ca/news/canada/edmonton/alberta-cannabis-online-sales-private-1.6357872

With retail stores in Alberta Decibel would qualify for online delivery if they want to jump through hoops for the license. Seems like something that would only work economically for large retailers like Canna Cabana and Fire & Flower. Think the lady from 420 Somewhere is right to focus more on in-store customer experience. Still it might be to Decibel's benefit to have the license for the future. Decibel would also qualify for Farmgate Stores as a licensed producer in multiple provinces.

Wondering if DB even plans on keeping the stores once they have established in-house consumer R&D at The Plant. Personally I would keep the historic Palace Theater store for real time consumer feedback, and sell the rest for continuing automation and expansion. Delta 9 recently said they are looking to add stores in Alberta, and there is already a business history between the two companies. Win Win :) glta

Cannabis farmgate across Canada

https://stratcann.com/2021/06/12/cannabis-farmgate-across-canada/

**NEWS** Decibel Announces a Third Consecutive Month of Record Market Share in January

"Our market share growth continues to gain momentum, driven by the superior experiences that our brands and products offer to our customers, coupled with a focus on bringing new, unique and innovative products to market" said Paul Wilson, Chief Executive Officer of Decibel. "With a strong footing established early this year, we are confident in maintaining and accelerating this pace of growth, through additional product launches, entry into new markets, and operational efficiency gains acting as catalysts to drive shareholder value this year."

https://finance.yahoo.com/news/decibel-announces-third-consecutive-month-130000813.html

Happy to see Decibel is still growing market share when other big names are going backwards. DB is stealing market share with unique products like their new diamond infused pre-rolls. They keep going in and out of stock on the BCCS so you know they're selling as fast as they can make them. Knew these would be big sellers with all cannabis derived ingredients. Hoping they continue to focus on all cannabis infusions adding different cultivars going forward. Decibel was exceptional holding and growing market share during a raging pandemic. Thanks Team :) glta

**NEWS**Decibel Announces 2022 Financial Outlook, Strategic Priorities, and Organizational Alignment

Commenting on the Company's outlook, Paul Wilson, CEO of Decibel noted the following:

"We have established a solid foundation through strong execution of our priorities in 2021 and are well positioned to execute on our 2022 objectives and achieve strong year over year growth in revenue and margins. Demand for our brands and products in the recreational market continues to exhibit strong growth, confirming our thesis that quality across category expansion, consistency, and revenue growth, will lead to creation of competitive advantages for years to come.

https://finance.yahoo.com/news/decibel-announces-2022-financial-outlook-130000217.html

Liking managements focus on maintaining a early mover advantage in the infused space. Smart. Noticed their recently launched diamond infused pre-rolls have sold out in BC. Will update when restocked. The whole infused category is just getting started. Surprised someone hasn't already infused milled flower to boost the flavor and THC. Delibel's cost advantage is they grow the flower and infuse the flower in-house. Most LP's can only do one or the other. Like :) glta

Qwest Reserve Grape Pie Hot Off The Press!!!

https://www.instagram.com/p/CZSElK6FMBU/

Tonnes of upside to Decibel Cannabis, says Haywood

“In our opinion, Decibel has demonstrated the quality of its brands by capturing strong market share relative to overall sales,” Gilmer said. “As Decibel garners more awareness within the investor base, we believe the valuation will reflect this strong position in the market.”

https://www.cantechletter.com/2022/01/tonnes-of-upside-to-decibel-cannabis-says-haywood/#

Happy to see Haywood maintaining its Buy rating and target price. Lots of things to like in this report. Enjoy :)

Found two new QWEST products on BC Cannabis Store Online. Looks like Decibel is amping up the voltage with Diamond infused Pre-rolls. Coming in hot with THC in the 30s and 40s %. Nothing like this is currently available in BC so we will see how long they last. My guess, not long :) glta

QWEST Apricot Kush Diamond Infused Pre-Rolls 3x.5g $26.99

QWEST JB Cookies Diamond Infused Pre-Rolls 3x.5g $26.99

**NEWS**Decibel Announces Another Month of Record Market Share in December

"With our debt refinancing now in place, we remain on the offense, growing revenue and closing 2021 with record market share driven through our core focus to elevate our consumer experience through quality combined with new, unique and innovative products" said Paul Wilson, Chief Executive Officer of Decibel. "With a strong foundation established through efforts in 2021, and impactful 2022 catalysts, we are well positioned to continue our strong revenue and market share growth."

https://www.newswire.ca/news-releases/decibel-announces-another-month-of-record-market-share-in-december-886474929.html

Stellar numbers all around!!! #2 brand in Ontario vape sales is outstanding. Fully expect Decibel to be acquired for their market share now that conventional financing is fully in place. To me the next few quarters will determine the selling price along with a reasonable amount of goodwill for building the brands. Would prefer they hit $20M quarterly then sell for 3 to 4 times the annual run rate. Seems reasonable to me :) glta

**NEWS** Decibel Announces $54 Million Debt Refinancing with connectFirst, Increasing its Access to Debt by $20 Million

"With this refinancing, Decibel has added financial flexibility to optimize its capital structure and is well positioned to continue to execute its aggressive growth strategy" said Stuart Boucher, Chief Financial Officer of Decibel. "This transaction reflects the strong position Decibel has established in the Canadian cannabis market and the continued confidence from connectFirst and our team in the execution of the Company's strategic plan".

https://www.prnewswire.com/news-releases/decibel-announces-54-million-debt-refinancing-with-connectfirst-increasing-its-access-to-debt-by-20-million-301461027.html

Glad to see DB replacing its convertible debt with lower interest conventional financing. Like that DB's books supported increased access to capital through traditional financing without dilution. Congrats to the DB team for keeping their finances in good shape :) always imho glta

Appears Decibel got their infused pre-rolls into Ontario...

Found this list on another message board showing upcoming releases in Ontario. Decibel's General Admission brand will be one of very few LP's with infused pre-rolls in Ontario, so they should be big sellers. They are also releasing another live resin vape cart using popular strain Orange Tingz. Lastly the premium milled flower selling for a value price sounds like a winner to me. Sometimes it's just easier and more convenient to buy it ground and ready to roll. Any product you can get into Ontario right now is like gold if they are what consumers want. Really liking the selection of products they got in as all are in popular categories. Congrats to the DB team once again :) glta

https://imgur.com/a/Pt4SYtF#34wRx1F

General Admission Orange Tingz Live Resin Vape Cart .95g $62.95

General Admission Tropic GSC Infused Pre-Roll 1g $16.95

General Admission Tropic GSC Infused Pre-Roll 3x.5g $21.95

General Admission Berry G #33 Infused Pre-Roll 1g $16.95

Blendcraft Milled Flower 7g $44.95

https://mugglehead.com/cannabis-flower-remains-more-popular-in-ontario-compared-to-other-markets-headset/

**NEWS** Decibel Announces Record Market Share in November and General Admission Brand Entering the Top 10 Largest Brands in Canada

"We continue to capture additional market share and execute against our strategic plan by developing strength within our brand portfolio, creating industry-leading product quality and innovation" said Paul Wilson, Chief Executive Officer of Decibel. "As we navigate a period of complexity within global and regional supply chains, we remain on track to close out 2021 with strong momentum and the realization of our 2021 growth initiatives".

https://www.newswire.ca/news-releases/decibel-announces-record-market-share-in-november-and-general-admission-brand-entering-the-top-10-largest-brands-in-canada-884413879.html

Hey GreenIves!!! Liking that DB's market share is increasing in line with record cannabis sales. With cannabis having proven itself pandemic proof it's surprising that cannabis stocks have dropped this far. To me it's like investing in alcohol companies, during stressful times people drink more. Cannabis sales appear to be just as resilient with record sales being reported everywhere. DB has done a great job with their General Admission vape brand coming in at #2 in Ontario, BC, AB, and SK. These are the high margin sales I like to see :) Congrats to the team!!! glta

Solid quarter from Decibel Cannabis, says Raymond James

Calgary-based Decibel Cannabis Company (Decibel Cannabis Stock Quote, Charts, Financials, News CVE:DB) just delivered third quarter earnings which registered top and bottom line beats of estimates from Raymond James analyst Rahul Sarugaser, and Sarugaser reviewed the results in an update to clients on Thursday where he reiterated his “Outperform 2” rating for the stock.

https://www.cantechletter.com/2021/11/solid-quarter-from-decibel-cannabis-says-raymond-james/

Liking the analysts projection of $96 million in 2022, with a EV/Revenue of 1.4x. Numbers big cannabis companies would love to have, and maybe they could for the right price :) Happy to see Raymond James remains bullish on Decibel :) glta

https://mjbizdaily.com/concentrates-vapes-dominant-among-heavy-cannabis-users/

**NEWS** Decibel Announces Third Quarter Results with Strong Net Revenue Growth and Re-Appointment of Director

"Decibel's continued growth is a testament to our consumer focused approach, the strength of our brands, and our dedication towards producing high quality products for our customers", said Paul Wilson, CEO of Decibel. "We are closing out 2021 with strong momentum as we launch 40 new products, elevate the experience our products create for consumers, and innovate to meet cannabis consumers' evolving preferences."

https://finance.yahoo.com/news/decibel-announces-third-quarter-results-130000198.html

Happy to see Decibel made it 5 for 5 positive EBITDA quarters. Really impressive 12.9% market share in the vape and concentrate categories across four major provinces. These are high margin products that can be consistently reproduced for the mass market. Flower has major variables on how each harvest turns out. DB seems to understand cannabis companies need product consistency to retain customers and build brand loyalty. Concentrates can do that in ways flower just can't. Glad to see Decibels Cannabis 2.0 sales becoming the majority of their revenue. To me this was another positive step in the right direction for the company. Congrats to the decibel team on another big quarter. glta

**NEWS** Decibel Announces Launch Into New Product Category, Infused Pre-Rolls

"We are incredibly excited to launch the first series of our infused pre-rolls under the General Admission brand" said Warren Matzelle, Decibel Sr. Vice President of Innovation & Retail. "This brand extension of the 2nd ranked vape brand in Canada, brings together the potency and flavours consumers love in our General Admission vapes in a convenient and innovative pre-roll format."

https://www.prnewswire.com/news-releases/decibel-announces-launch-into-new-product-category-infused-pre-rolls-301420875.html

Infused pre-rolls are a great marriage of flower and concentrates. Both of which Decibel produces in-house. Decibel will be one of the first movers on this so they should grab some good market share. Like they did with concentrates.

Hey GreenIves!!! Pretty cool that Decibel now has the #2 Vape Brand in Canada. We where there when all they had was potential. Decibel has really come a long way in a short amount of time. Congrats to team DB :) glta

**NEWS** Decibel to Announce Third Quarter Results on November 18

CALGARY, AB, Nov. 1, 2021 /CNW/ - Decibel Cannabis Company Inc. (the "Company" or "Decibel") (TSX-V: DB) (OTCQB: DBCCF), a premium cannabis producer, is pleased to announce the Company will release its 2021 third quarter financial results and related management discussion and analysis on November 18, 2021 before markets open.

https://ca.finance.yahoo.com/news/decibel-announce-third-quarter-results-120000104.html

Now that Decibel has economies of scale with Thunderchild they can lower prices to gain more market share without excessive sales force expenses. Price is still the driving force behind cannabis sales followed by THC percentage. Right now it's much more cost effective to lower prices to gain market share than hiring a expensive in-house sales force. Store owners on Reddit say they don't want to be bothered by salesmen during working hours anyway.

Many companies are quietly using social media to promote their products on the cheap. Now that Qwest has established itself as a ultra-premium brand they can lower prices without incurring the value brand stigma. Looking forward to DB's upcoming earnings report. Fingers crossed for another profitable quarter :) glta

Interview with Decibel CFO

https://stockhouse.com/opinion/interviews/2021/11/04/what-investors-need-to-know-about-this-canadian-cannabis-company-that-holds-3-1

Most consumers seek bargains but some pay more for premium pot: pricing report

https://mugglehead.com/most-consumers-seek-bargains-but-some-pay-more-for-premium-pot-pricing-report/

**NEWS** Decibel Announces the Launch of 6 New Products Including Two New Cultivars From Thunderchild Cultivation Facility

"We are incredibly excited to launch 6 new products for our retail partners in Ontario and consumers to enjoy" said Paul Wilson, Decibel CEO." This is the start of the roll out of our much anticipated new set of cultivars launching in Ontario, British Columbia, Alberta and Saskatchewan over the next 6 weeks. With the ramp up of our Thunderchild Cultivation facility in full effect we are bringing meaningful innovation and variety in dried flower and derivative products for retailers and consumers."

https://www.prnewswire.com/news-releases/decibel-announces-the-launch-of-6-new-products-including-two-new-cultivars-from-thunderchild-cultivation-facility-301405528.html

Qwest hitting it out of the park at Thunderchild. Great news that Thunderchild is now producing very high numbers for THC and Terpenes. These products should be big sellers in Ontario. Congrats to the Decibel team for continuing to produce top shelf flower on a much larger scale at Thunderchild. glta

**NEWS** Decibel Announces Corporate Update on Market Share and Upcoming Product Launches

"We remain focused on capturing additional market share through the strength of our brands, industry-leading product quality and continued innovation to meet cannabis consumer's evolving preferences" said Paul Wilson, Chief Executive Officer of Decibel. "We are closing out 2021 with strong momentum, as we fully realize the impact of our 2021 growth initiatives".

https://www.wowt.com/prnewswire/2021/10/15/decibel-announces-corporate-update-market-share-upcoming-product-launches/

Great News GreenIves!!! Especially Thunderchild achieving full run-rate in August. This should supply all the ultra-premium biomass they need for concentrates in-house. Also nice to see DB remains a Top 10 LP. Really good considering there are 300+ LP's with standard licenses.

Believe DB's recent price drop was overdone. The market cap is now below the revenues Raymond James is projecting for DB in 2022. Not even close to a reasonable 2x to 4x annual sales MC. Especially for a company that has produced positive EBITDA the last four quarters. DB team making a big strides forward. Like :)

Holding strong GreenIves!!! Good Luck GI & GLTA