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Monday, March 14, 2022 3:56:21 PM
"With our capital projects having achieved key milestones, it is a testament to our commitment to quality products, which continue to drive strong growth in market share" said Paul Wilson, Chief Executive Officer of Decibel. "As these strategic investments come online, we anticipate operational efficiency gains that will enhance gross margins and drive growth in our bottom line."
https://finance.yahoo.com/news/decibel-announces-fourth-consecutive-month-120000818.html?.tsrc=fin-srch
Hey GreenIves, Another record month for DB market share!!! Like :)
What impresses me most is Decibel's #1 ranking in premium flower and pre-rolls both nationally and in major provincial markets. Equally impressive is their #2 standing for vape sales in Ontario and nationally.
Headset just reported the fastest growing cannabis category in the US is infused pre-rolls up 103% in 2021. Fortunately QWEST is a early infused mover with Diamond Infused Pre-rolls that have been in and out of stock multiple times in BC and AB.
Canada seems to follow California's lead pretty closely so I'm expecting 2022 to be a big year for infused products. We might soon see a launch of 3 new Diamond infused pre-rolls in Ontario, if you can believe what you read on Reddit :)
To me Decibel is smart to focus on high margin concentrates, and should use their low cost biomass to drive 2.0 retail prices down for more market share. Except keep the best of the best flower for connoisseurs only. The masses can wait :) Congrats to team DB!!!
Marijuana vapes, pre-rolls popular among US consumers seeking potency, innovation
https://mjbizdaily.com/marijuana-vapes-pre-rolls-popular-among-us-consumers-seeking-potency-innovation/
Posts are my opinion only, and not advice of any kind. glta
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