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Friday, November 05, 2021 10:38:03 AM
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/
Posts are my opinion only, and not advice of any kind. glta
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