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Thursday, December 09, 2021 12:00:41 PM
"We continue to capture additional market share and execute against our strategic plan by developing strength within our brand portfolio, creating industry-leading product quality and innovation" said Paul Wilson, Chief Executive Officer of Decibel. "As we navigate a period of complexity within global and regional supply chains, we remain on track to close out 2021 with strong momentum and the realization of our 2021 growth initiatives".
https://www.newswire.ca/news-releases/decibel-announces-record-market-share-in-november-and-general-admission-brand-entering-the-top-10-largest-brands-in-canada-884413879.html
Hey GreenIves!!! Liking that DB's market share is increasing in line with record cannabis sales. With cannabis having proven itself pandemic proof it's surprising that cannabis stocks have dropped this far. To me it's like investing in alcohol companies, during stressful times people drink more. Cannabis sales appear to be just as resilient with record sales being reported everywhere. DB has done a great job with their General Admission vape brand coming in at #2 in Ontario, BC, AB, and SK. These are the high margin sales I like to see :) Congrats to the team!!! glta
Posts are my opinion only, and not advice of any kind. glta
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