Decibel Cannabis Co Inc (DBCCF)

[BlueGreenPower]

**NEWS** Decibel Expands Global Footprint with Agreement to Supply Medical Cannabis to 4C LABS for Distribution in the United Kingdom

"We are excited to partner with 4C LABS, a leading organization in the growing medical cannabis industry in the UK, that echoes Decibel's commitment to quality and patient care. Not only will this unlock a strong partnership and a new market for Decibel's craft cannabis products, it also sets the stage for further growth into other European markets," said Adam Coates, Chief Revenue Officer. "Decibel's success with Qwest flower products in Canada and in Israel's medical market reinforces the demand for premium cannabis products and the reputation we have built to service that demand."

https://finance.yahoo.com/news/decibel-expands-global-footprint-agreement-120000843.html

Hey GreenIves, Hope you had a great summer!!!! It looks like Decibel did with this new international partnership and reporting record market share putting them in second place a few weeks ago. Hoping for 1st Place next report, with Decibels Tiger Blood Pre-rolls currently in 1st Place in 3 Provinces things are looking good to me!!! Congrats to the team!!!

There's even some positive signs of more investor interest in the cannabis sector lately. Fingers crossed!!!! GL GreenIves & GLTA

https://finance.yahoo.com/news/decibel-announces-record-second-quarter-120000248.html

Decibel Announces Record Second Quarter Results with $30.9 Million of Net Revenue, $7.3 Million of Adjusted EBITDA, and Positive Free Cash Flow

"Our strong second quarter sequential net revenue growth, driven by demand for our core products and international exports, continues to exceed our publicly-stated targets." said Paul Wilson, CEO of Decibel. "We continue to highlight the success in our new, unique and innovative product strategy, demonstrated through clear consumer preference to our infused pre-roll strategy. In 2023, our industry leading brand, General Admission, has grown category share to 49%3 (+6% YTD3) in light of significant category competition through new competitive brands: +50 Brands3 (+56% YTD3) & New SKU's: +156 SKU's3 (+62% YTD3). Currently the infused pre-roll segment makes up ~34% of the Canadian pre-roll category3, in established US markets it makes up ~60% (California & Arizona YTD Sales '233). We continue to see tailwinds for our core business that will further reinforce our Canadian market position and international presence."

Headset Data

https://www.headset.io/markets/ontario