Decibel Cannabis Co Inc (DBCCF)

[BlueGreenPower]

**NEWS** Decibel Announces Q1 2020 Financial Results Reflecting First Full Quarter of Contributions from Merger

https://www.prnewswire.com/news-releases/decibel-announces-q1-2020-financial-results-reflecting-first-full-quarter-of-contributions-from-merger-301080023.html

Knew revenues would be going up after the merger, but didn't expect a increase this large. This should qualify Decibel for Tier 2 status in New Cannabis Ventures Canadian Cannabis Index. Right along with well known cannabis companies like Supreme, WeedMD, Emerald Health, Cronos, and Delta 9. Hopefully revenues of this magnitude will get Decibel the attention they deserve.

Looks like Decibel's four retail stores are averaging around $700K per quarter, which is outstanding to me. Plus two more Prairie Records stores are due to begin operations this summer generating another $1.4M if the average holds. Then there's the extraction and cultivation facilities waiting only for Health Canada approval to begin producing QWEST branded concentrates, and to cultivate the large quantities of premium flower needed for extraction.

Last but not least Decibels average wholesale flower gross price per gram of $11.85 is remarkable and not only reflects the quality of the product, but also the expert knowledge of their experienced grow team.

Very pleased with the results from the first full quarter of the combined companies. Health Canada licensing is the only thing left to get Decibel's facilities fully operational. Looking forward to seeing Decibel's ultra-premium concentrates soon thereafter. Congrats to the Decibel team on a great quarter :) glta