Decibel Cannabis Co Inc (DBCCF)

[BlueGreenPower]

DB vs SNDL

Decibel and Sundial recently reported yearly revenue for 2021. Both companies sell similar products and own retail stores. Here are some key comparisons that stand out to me. Numbers taken from Yahoo Finance.

Current Market Cap

Decibel $ 31.5 million
Sundial $ 1.15 billion

Shares Outstanding

Decibel 403 million
Sundial 2.39 billion

Net Revenue 2021

Decibel 52 million
Sundial 56 million

Net Revenue Increase from 2020

Decibel +75%
Sundial -8%

Current Share Price

Decibel .075 US
Sundial .46 US

Decibel held its own against some really well funded competition in 2021, including Sundial, who had a unrestricted cash balance of $558 million at the end of 2021. On a revenue per share basis DB was the clear winner. Sundial has 5+ times the shares of Decibel. On a cash in the bank basis Sundial beats almost all Canadian LPs. I own both but think DB's products and branding are currently stronger than SNDL's. Hence DB's strong showing against a much larger company in 2021. Hoping that continues in 2022 :) Go Team!!! glta