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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