Decibel Cannabis Company Inc. (V:DB)
Business Focus: Alternative Medicine
Insider Filings
Latest 10 SEDI filings for DB within the last 6 months
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Company News
Apr 10, 2024 08:00 ET
Sale of Prairie Records Retail Cannabis Stores to FIKA Closed
CALGARY, AB, April 10, 2024 /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 that it has closed the previously disclosed sale of the assets of its brick-and-mortar retail cannabis operations ("Prairie Records") to Fire & Flower Inc., a wholly-owned subsidiary of 2759054 Ontario Inc. d.b.a FIKA, for approximately $3.0 million. Prairie Records is comprised of three cannabis stores in Alberta and three cannabis stores in Saskatchewan.
Apr 10, 2024 08:00 ET
Sale of Prairie Records Retail Cannabis Stores to FIKA Closed
CALGARY, AB, April 10, 2024 /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 that it has closed the previously disclosed sale of the assets of its brick-and-mortar retail cannabis operations ("Prairie Records") to Fire & Flower Inc., a wholly-owned subsidiary of 2759054 Ontario Inc. d.b.a FIKA, for approximately $3.0 million. Prairie Records is comprised of three cannabis stores in Alberta and three cannabis stores in Saskatchewan.
Valuation Ratios
Industry
Sector
Beta
1.07
--
--
Price to Sales - TTM
0.48
3.37
3.83
Price to Book - most recent quarter
1.17
1.08
2.08
Price to Cash Flow per share - TTM
--
--
9.68
Price to Free Cash Flow per share - TTM
18.81
22.28
14.80
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Mar 31, 2024 | 7,090 | -8,446 |
| Mar 15, 2024 | 15,536 | 10,362 |
| Feb 29, 2024 | 5,174 | -61,532 |
Business Summary
| Sector: Healthcare | Industry: Pharmaceuticals |
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.
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