Decibel Cannabis Company Inc. (V:DB)
Business Focus: Alternative Medicine
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Company News
Nov 16, 2023 07:00 ET
Decibel Announces Third Quarter Results with $30.2 Million of Net Revenue, $6.7 Million of Adjusted EBITDA, and Positive Free Cash Flow
CALGARY, AB , Nov. 16, 2023 /CNW/ - Decibel Cannabis Company Inc. (the "Company" or "Decibel") (TSXV: DB) (OTCQB: DBCCF), a market leader in premium cannabis and extract manufactured products, is pleased to announce its interim financial results for the three and nine month periods ending September 30, 2023.
Nov 16, 2023 07:00 ET
Decibel Announces Third Quarter Results with $30.2 Million of Net Revenue, $6.7 Million of Adjusted EBITDA, and Positive Free Cash Flow
CALGARY, AB , Nov. 16, 2023 /PRNewswire/ - Decibel Cannabis Company Inc. (the "Company" or "Decibel") (TSXV: DB) (OTCQB: DBCCF), a market leader in premium cannabis and extract manufactured products, is pleased to announce its interim financial results for the three and nine month periods ending September 30, 2023.
Valuation Ratios
Industry
Sector
Beta
0.99
--
--
Price to Sales - TTM
0.43
2.05
2.81
Price to Book - most recent quarter
1.04
0.87
1.62
Price to Cash Flow per share - TTM
--
16.07
10.94
Price to Free Cash Flow per share - TTM
16.73
21.22
18.52
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Nov 15, 2023 | 186,652 | 173,555 |
| Oct 31, 2023 | 13,097 | -29,497 |
| Oct 15, 2023 | 42,594 | -56,403 |
Business Summary
| Sector: Healthcare | Industry: Pharmaceuticals |
Decibel Cannabis Company Inc. is a Canada-based consumer-focused cannabis company. The Company has two cultivation facilities, one of which is a processing and extraction facility, and six cannabis retail store locations. It has three operating production houses along with its retail business, Prairie Records. 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. It operates a processing and manufacturing facility in Calgary, Alberta, and two cultivation facilities in Creston, British Columbia, and Battleford, Saskatchewan.
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