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Thursday, November 18, 2021 9:49:34 AM
"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
Posts are my opinion only, and not advice of any kind. glta
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