Hey GreenIves!!! Didn't think we would get a second bite of the apple at these levels. Especially with Haywood Capital recently maintaining its buy rating and .60 price target. The whole cannabis sector is way down like it was last year right before DB ran to the 30s. Decibel has only reported market share gains since then, so I'm still bullish on Decibel in 2022. Good luck to us again GreenIves :)
Tonnes of upside to Decibel Cannabis, says Haywood
**NEWS** Decibel Announces a Fourth Consecutive Month of Record Market Share and Provides an Operational Update
"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."
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
**NEWS** Decibel to Announce Fourth Quarter Results on April 22
CALGARY, AB, April 8, 2022 /CNW/ - Decibel Cannabis Company Inc. (the "Company" or "Decibel") (TSXV: DB) (OTCQB: DBCCF), a premium cannabis producer, is pleased to announce the Company will release its 2021 fourth quarter financial results and related management discussion and analysis on April 22, 2022 before markets open.
Hey GreenIves!!! Looking forward to seeing how holiday sales went with their expanded inventory of vapes, concentrates, and the new infused products included in the mix. Hoping to see a continued shift from from flower to higher margin extracts. Last quarter it was about 50% of revenue. Cannabis flower has almost become a commodity now so it's smart to shift away as quickly as possible. Fingers crossed for another good quarter. glta
Here's some good news for future GA vape sales -
Canadian cannabis vape sales growth continues as consumer preferences evolve
**NEWS** Decibel Announces Fourth Quarter Results with Strong Net Revenue Growth and Sixth Period of Consecutive Positive Adjusted EBITDA
"Decibel continues to execute on its strategy to accelerate revenue growth and deliver new, unique and innovative choices to cannabis consumers. The success achieved through 2021 with record market share demonstrates the strength we've created in our brands, and our dedication towards our customers", said Paul Wilson, CEO of Decibel. "Our momentum has accelerated into 2022, and we are gaining great traction across our products and brands, particularly with our recent infused product launches over late Q4 and first quarter of 2022."
Hey GreenIves!!!! How about that $52 million in net revenue for 2021. Nice!!! Plus getting 2022 off to great start with anticipated earnings of $16.5 to $17.5 million coming up next report. Best part they're still EBITDA positive for six straight quarters. Something not many, if any, Canadian LP's can match.
They've come a long way from where they started. Feel like we picked one of few cannabis winners that has yet to get the recognition they deserve. Lots to like in this report GreenIves. Congrats to the DB team for growing the company even when the supply chain is so unpredictable. Like :) always imho glta