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Cannabis Movers & Shakers: HempFusion, Decibel, ARCA, Love Hemp, MindMed, Halo

Cannabis Movers & Shakers: HempFusion, Decibel, ARCA, Love Hemp, MindMed, Halo
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Decibel Announces Record First Quarter Results, With Sequential Strong Net Revenue Growth and Adjusted EBITDA of $2MM


Decibel Announces Record First Quarter Results, With Sequential Strong Net Revenue Growth and Adjusted EBITDA of $2MM
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CALGARY, AB, May 27, 2021 /PRNewswire/ - Decibel Cannabis Company Inc. (the Company or Decibel ) (TSXV: DB) (OTCQB: DBCCF), a premium cannabis producer, is pleased to announce its first quarter financial results for the three month period ending March 31, 2021.
Record Market Share Across BC, AB, SK, ON in Q1 2021
1,2:
#1 brand in concentrate sales with a 21.9% market share
#3 brand in vape sales with a 10.0% market share
These exceptional first quarter results are a testament to the strength of our brands, industry-leading product quality and ability to develop and execute an innovative product portfolio that meets the needs of today s cannabis consumer , said Cody Church, Interim CEO of Decibel. Despite significant industry headwinds in the quarter, we delivered on ou ....

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Decibel Cannabis : Announces Record Market Share, Provides Update on Thunderchild Cultivation Operational Development and Upsize to Authorized Overdraft


Continues to remain supply constrained in key markets
Thunderchild operations are on track with Decibel s execution timeline to reach full run rate production. The facility is integral to Decibel s rotational strategy to deliver consumers more choice of quality grown, rare cultivars in the dried flower and pre-roll product categories.
The Thunderchild Facility achieved first revenue out of the facility ahead of guidance in March 2021, with first product testing between 23.5 – 26% THC
Completed fourth harvest since commencement of operations
Six grow rooms planted and at various stages (30% of total facility planted)
East wing vegetation rooms now online to service second half of facility ....

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