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CALGARY, AB, May 29, 2024 /PRNewswire/ - Decibel Cannabis Company Inc. , a market leader in premium cannabis and extract manufactured products, is pleased to announce its unaudited interim.
Decibel Cannabis Company Inc. (TSXV: DB) (OTCQB: DBCCF), a maker of premium cannabis and extract manufactured products, announced on Wednesday its unaudited interim financial results for the three months ending March 31, 2024. The Calgary, Alberta-based company reported a year-over-year decrease of 16% in net revenue to $21 million. Benjamin Sze, the company's CEO said that "despite the drop in revenue, we remain one of Canada's top brands by market share." The company boasted a national market share of 6% in the first quarter, placing it as the 4th largest licensed producer in Canada by market share, the company said in a press release.
Decibel Cannabis Company reported on Monday its audited financial results for the three and twelve month periods ending Dec. 31, 2023. The Calgary, Alberta-based company said it saw a record net revenue of CA$116 million ($84.8 million) in 2023, an increase of 46% over 2022. "The Company's fourth quarter financial results delivered another year of growth across all metrics and I look forward to working with the team to continue to build on this success" Benjamin Sze, Decibel's new CEO, said. Sze was recently appointed to serve as Decibel's CEO, succeeding Paul Wilson. He rejoined the company after previously serving as CEO before resigning in late 2020 to focus on his family.
/CNW/ - Decibel Cannabis Company Inc. (the "Company" or "Decibel") (TSXV: DB) (OTCQB: DBCCF), a market leader in premium cannabis and extract manufactured.