Streetbeat News

DBCCF

Decibel Cannabis Company Inc

Industry

Dimension Stone Mining and Quarrying

Open

0.05

Mkt cap

33M

Volume

40K

High

0.06

P/E Ratio

-5.72

52-wk high

0.11

Low

0.05

Div yield

N/A

52-wk low

0.02

The cannabis industry is witnessing significant executive changes across various companies, with new CEOs, CFOs, COOs, and board members being appointed. These changes come as the industry prepares for the Benzinga Cannabis Capital Conference in Florida, highlighting the sector's dynamic nature and growth. Notably, U.S.-based cannabis executives' salaries have surpassed the $500,000 mark, indicating the industry's lucrative potential. Companies like Decibel Cannabis, Schwazze, DIZPOT, and others have announced leadership changes, aiming to strengthen their market positions and expand operations.

Portfolio Pulse from Jelena Martinovic

April 16, 2024 | 12:22 am

Canadian cannabis stocks like Tilray, Canopy, Aurora, and others are rallying due to recent developments such as Tilray's earnings, Organigram's investor day, and movements by Canopy and Aurora. Legislative changes in Canada, Germany, and the U.S. have positively impacted these stocks. Analyst Pablo Zuanic highlights the sector's potential for growth despite liquidity issues, with some stocks trading as proxies for U.S. exposure. Aurora, Tilray, and Canopy show significant short interest, with Tilray and SNDL leading in revenue. Strategic partnerships and international operations are crucial for expansion.

Portfolio Pulse from Nicolás Jose Rodriguez

April 08, 2024 | 10:34 pm

A recent report highlights the potential for Canadian cannabis companies' valuations to soar by up to 300% with proposed excise tax reforms. The Canadian government is considering revising the 2018 excise tax framework, which currently imposes a 30-40% tax rate on companies' domestic gross revenues, significantly higher than the intended 10%. Analyst Pablo Zuanic's report suggests that reducing the tax rate to 10% could alleviate financial strains on companies like Ayurcann, Decibel, and Village Farms, potentially doubling or even tripling their valuations. The report will be further discussed at the Benzinga Cannabis Capital Conference.

Portfolio Pulse from Nicolás Jose Rodriguez

March 26, 2024 | 1:36 pm

Canada's cannabis vape market is experiencing significant growth, with a 15% year-over-year sales increase in Q4 2023, driven by evolving consumer preferences and regulatory shifts. The report by Zuanic & Associates highlights the market's complexity and the dominance of top players like Auxly, Decibel, and Tilray, which, along with private companies, hold a 53% market share. The popularity of larger 510 cartridge formats and disposables is reshaping the market, with pricing dynamics showing a 9% decrease in the average vape price per gram equivalent. Motif Labs has emerged as a market leader, while Decibel and Tilray face challenges due to slower responses to market trends. Zuanic & Associates maintain Overweight ratings on Decibel and Village Farms, citing their competitive positioning and growth prospects.

Portfolio Pulse from Nicolás Jose Rodriguez

February 07, 2024 | 1:58 pm

ATB Capital Markets highlights deep-value opportunities in Canadian cannabis small-cap stocks, emphasizing overlooked companies like High Tide Inc (HITI) and Nova Cannabis Inc (NVACF) for their positive free cash flow and low trading multiples. The sector is expected to grow despite challenges, with a 10.9% increase forecasted for 2024 and a 9.2% CAGR through 2031. Retailers are predicted to outperform LPs due to scale advantages. Decibel Cannabis Co Inc. (DBCCF) and SNDL Inc (SNDL) are also noted for their market positions and valuations.

Portfolio Pulse from Joana Scopel

December 13, 2023 | 10:22 pm

The report by Zuanic & Associates on the Canadian cannabis market shows regional disparities and growth trends, with a 16% YoY growth in nationwide sales. Alberta leads in store density and per capita spending, while Quebec has the lowest. The market is affected by high excise taxes, product caps, and marketing restrictions. Organigram, Village Farms International, Cronos, and others saw varying growth rates across provinces, while companies like Canopy and Tilray experienced declines. The upcoming Vape Market Trends panel will feature CEOs from TILT Holdings and Greenlane Holdings.

Portfolio Pulse from Nicolás Jose Rodriguez

December 08, 2023 | 1:52 pm

Decibel Cannabis Co Inc (OTCQB:DBCCF) reported a 65% year-over-year growth in net revenue for Q3 2023, reaching CA$30.2 million, driven by demand for vapes and cannabis-infused products. Despite the revenue growth, net income declined sharply to CA$413 thousand from CA$5.2 million in Q3 2022. Adjusted EBITDA increased by 57% to CA$6.7 million. The company faced challenges such as a decrease in gross margin and increased labor costs. Decibel's stock was trading 3.02% lower at $0.1042 per share.

Portfolio Pulse from Patricio Liddle

November 16, 2023 | 6:25 pm

Canada's cannabis industry is expected to reach nearly $4.4 billion in retail sales. Major players like Tilray, Decibel Cannabis Company, and Village Farms International are examined in a report by Z&A. The report highlights a 12.3% YoY growth in the recreational cannabis market, while the medical marijuana market has seen a decline. Decibel stands out with a 77% growth in recreational sales. The report also notes the growth of Canada's exports of medical cannabis.

Portfolio Pulse from Nicolás Jose Rodriguez

October 09, 2023 | 2:43 pm

The article highlights the latest product innovations in the cannabis industry. Jones Soda Co. has introduced a new Orange Chocolate Soda. Gotham, a premium cannabis and cultural concept store, has collaborated with Edie Parker to release a limited edition tabletop lighter. Decibel Cannabis Company has launched a new 'Blinker' closed-loop vape system. Select, a top cannabis oil brand, has introduced a limited edition Holiday Cookies flavor vape. Gold Flora Corp. has unveiled a new retail brand, CURRENT, offering curated craft flowers.

Portfolio Pulse from Joana Scopel

October 05, 2023 | 9:43 pm

US legal cannabis sales are predicted to exceed $28 billion in 2023, prompting Canadian cannabis producers to consider focusing on exporting or partnering with US companies. Some Canadian companies, such as Canopy Growth and Sundial Growers, have already made strides in the US market. Canopy Growth has outperformed other producers since the news of cannabis rescheduling. Canadian cannabis exports reached C$160 million in FY23, a 50% increase from the previous fiscal year.

Portfolio Pulse from Nicolás Jose Rodriguez

September 10, 2023 | 4:48 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.