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Monday, August 16, 2021 10:43:03 AM
"Decibel's tremendous first half results are a testament to the strength of our brands, ability to innovate and our exceptional team", said Paul Wilson, CEO of Decibel. "We continue to build a solid foundation by creating meaningful brands, high quality products and executing against our aggressive strategic plan."
https://finance.yahoo.com/news/decibel-announces-second-quarter-results-120000158.html
Great news GreenIves!!! Thunderchild is 100% planted!!! This should supply all the biomass they need for Qwest's premium concentrates. Increasing cultivation capacity 4X should solve the more demand than supply flower issue as well. Grow Plants Grow!!!
Happy revenues remained steady during the lockdown. DB actually did much better than some well known extraction competitors who are still losing money and market share. I'll post some comparisons when earnings season is over.
The Decibel team has battled Covid headwinds the last four quarters and still managed to produce positive adj EBITDA each time. That's strong results to me :) glta
Posts are my opinion only, and not advice of any kind. glta
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