Sector: Healthcare | Industry: Pharmaceuticals |
Company Contact | |
Address: | 1440 - 140, 4th Avenue SW CALGARY AB T2P 3N3 |
Tel: | N/A |
Website: | https://decibelcc.com |
IR: | See website |
Key People | ||
Benjamin Sze Chief Executive Officer | Stuart Boucher Chief Financial Officer | Adam Coates Chief Revenue Officer |
Business Overview |
Decibel Cannabis Company Inc. is a Canada-based consumer-focused cannabis company. The Company is focused on premium cannabis flower, vape, cannabis infused, and concentrate products, created through a vertically integrated business model. The Company's brands General Admission, Qwest, and Vox are among its portfolio, sold across Canada. The principal products produced and sold by the Company are ultra-premium cannabis flowers, vape cartridges, cannabis infused products, cannabis extracts, cannabis pre-rolls, and, on occasion, bulk amounts of cannabis biomass to other licensed producers in Canada. Its cannabis brands include Qwest, Qwest Reserve, Blendcraft by Qwest, Vox, and General Admission. Qwest cannabis is a small batch grown, nourished with glacial mountain water, hang dried, hand trimmed and cured. The Blendcraft is a small batch grown in British Columbia. Its strains are hand selected based on aroma, flavor and effect, then blended for a smooth smoking experience. |
Financial Overview |
For the nine months ended 30 September 2023, Decibel Cannabis Company Inc revenues increased 65% to C$88.2M. Net loss decreased 56% to C$579K. Revenues reflect Gross revenue increase of 80% to C$141.3M. Lower net loss reflects Accretion convertible debentures decrease from C$384K (expense) to C$0K, Share-based compensation decrease of 21% to C$1.1M (expense), Depreciation and amortization decrease of 7% to C$2.5M (expense). |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $102.45M as of Sep 30, 2023 |
Annual revenue (TTM): | $114.02M as of Sep 30, 2023 |
EBITDA (TTM): | $5.75M as of Sep 30, 2023 |
Net annual income (TTM): | -$3.73M as of Sep 30, 2023 |
Free cash flow (TTM): | $2.93M as of Sep 30, 2023 |
Net Debt Last Fiscal Year: | $43.98M as of Sep 30, 2023 |
Shares outstanding: | 409,039,066 as of Jan 19, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |