Decibel Reports 400% Dried Flower Market Growth And Expansion To UK, Australia, Israel And Germany
Portfolio Pulse from Nina Zdinjak
Decibel Cannabis Company Inc. reported a 400% growth in its dried flower market and announced expansion plans to the UK, Australia, Israel, and Germany. Despite a recent drop in domestic sales, the company is focusing on operational efficiencies and new product strategies to improve cash flow and reduce debt.
September 10, 2024 | 11:50 am
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Decibel Cannabis Company Inc. reported significant growth in its dried flower market and is expanding internationally. Despite a recent decline in domestic sales, the company is implementing strategies to improve financial performance.
The 400% growth in the dried flower market and international expansion are positive indicators for Decibel's future performance. Although domestic sales have declined, the company's strategic focus on operational efficiencies and new product development could improve its financial outlook.
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