Canopy Growth Corp (WEED)

[Bonno]

Decibel books CA$1.7 million profit on rising marijuana sales
Decibel Cannabis Co. recorded net income of 1.7 million Canadian dollars ($1.3 million) for the 2021 fiscal year and positive adjusted EBITDA of CA$7.4 million on the back of growing cannabis sales.

Unlike larger and better funded competitors Tilray Brands, Hexo Corp. and Canopy Growth Corp., Decibel said it managed to increase its share of the market over the past six months, rising from under 4% last summer to approximately 5% in March 2022, which is also higher than Cronos and Aurora Cannabis.

Decibel said the 5% increase in sales over the previous quarter was primarily driven by the launch of its infused pre-roll lines and growth in demand for flower, vape and concentrates.