Streetbeat News

DBCCF

Decibel Cannabis Company Inc

Industry

Dimension Stone Mining and Quarrying

Open

0.05

Mkt cap

27M

Volume

223K

High

0.05

P/E Ratio

-4.76

52-wk high

0.11

Low

0.05

Div yield

N/A

52-wk low

0.02

Decibel Cannabis Company Inc. has granted 21,915,974 stock options to its officers and employees, with exercise prices of $0.13 or $0.075 per share.

Portfolio Pulse from

January 21, 2025 | 1:15 pm

Decibel Cannabis Company Inc. announced its third-quarter financial results, highlighting a reduction in current liabilities by approximately $5 million.

Portfolio Pulse from

November 21, 2024 | 1:15 pm

Decibel Cannabis Company Inc. has acquired AgMedica Bioscience Ltd. through a $6.3 million unsecured convertible debenture. The acquisition is expected to expand Decibel's international footprint and contribute significantly to its revenue and EBITDA in 2025. Decibel also announced a private placement and provided Q3 2024 financial guidance.

Portfolio Pulse from Nina Zdinjak

October 29, 2024 | 2:00 pm

Canada's cannabis market is experiencing stagnation with nearly zero growth in 2024. Top producers like Village Farms, Tilray, Organigram, and Cronos are seeing shifts in market share. The flower segment remains crucial, while pre-rolls and vapes gain popularity. Companies are focusing on international expansion due to domestic market limitations.

Portfolio Pulse from Nicolás Jose Rodriguez

October 29, 2024 | 1:29 pm

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.

Portfolio Pulse from Nina Zdinjak

September 10, 2024 | 11:50 am

Decibel Cannabis Co. (OTC:DBCCF) is making strategic adjustments to stabilize its market position in the Canadian cannabis industry. Despite a decline in market share and sales, the company is focusing on operational efficiencies and new product strategies to achieve a $10 million free cash flow run rate and reduce debt. The stock has underperformed compared to broader market indices like the AdvisorShares Pure Cannabis ETF (NYSE:YOLO) and the S&P 500 (NYSE:SPY), but presents a potential entry point for investors.

Portfolio Pulse from Nicolás Jose Rodriguez

August 27, 2024 | 1:44 pm

Decibel Cannabis Company Inc. (OTCQB:DBCCF) reported a 22% year-over-year decrease in Q2 net revenue to CA$22.1 million. Despite the decline, the company is optimistic about regaining market share with new product launches and improved capital efficiency. The company also reported a positive adjusted EBITDA of CA$3.9 million and a net income of CA$122,000. Shares of Decibel traded 4.29% higher at $0.0365 per share following the announcement.

Portfolio Pulse from Jelena Martinovic

August 14, 2024 | 2:33 pm

Decibel Cannabis Co. (OTCQB:DBCCF) faces market challenges with a 16% revenue drop in Q1 2024, despite leading the infused pre-roll segment in Canada. Increased competition and changing consumer trends have impacted sales and margins. The company is implementing cost-saving initiatives and new product launches to address these issues. Decibel's stock has dropped 53% over the last three months, contrasting with a 27% decline in the MSOS ETF and a 4% increase in the S&P 500.

Portfolio Pulse from Nicolás Jose Rodriguez

July 03, 2024 | 1:59 pm

The Canadian recreational cannabis market is experiencing a slowdown, with a mere 2% YoY growth in Q1 2024. However, some companies like Village Farms International, Organigram Holdings, and Cronos Group have shown significant sales growth, while others like Tilray Brands and Canopy Growth Corporation have faced declines.

Portfolio Pulse from Nicolás Jose Rodriguez

June 03, 2024 | 9:01 pm

Decibel Cannabis Company Inc. (OTCQB:DBCCF) reported a 16% year-over-year drop in Q1 2024 revenue to CA$21 million. Despite the decline, the company maintains a strong market share in Canada and expects improved performance in Q2. Financial highlights include a gross margin of 48%, adjusted EBITDA of CA$3.6 million, and positive free cash flow of CA$375 thousand. Shares traded 0.47% lower at $0.0639.

Portfolio Pulse from Jelena Martinovic

May 29, 2024 | 2:18 pm

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