Decibel Cannabis Company Inc. (V:DB*CA)

Business Focus: Alternative Medicine

Sector:  Healthcare Industry:  Pharmaceuticals
 
See Regulatory Filings on SEDAR
Company Contact
Address: 1440 - 140, 4th Avenue SW
CALGARY AB T2P 3N3
Tel: N/A
Website: https://decibelcc.com
IR: See website
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Key People
Paul D. Wilson
Chief Executive Officer, Executive Director
Stuart Boucher
Chief Financial Officer
Adam Coates
Chief Growth Officer
Business Overview
Decibel Cannabis Company Inc. is a Canada-based vertically integrated cannabis company. The Company has assets across the cannabis value chain, with an emphasis on engaging cannabis retail and product brands. The Company invests in building its manufacturing facilities. The Company is an owner of several brands, such as Qwest, Prairie Records and BlendCraft. Prairie Records is a retail concept that merges recreational cannabis and music. The Qwest brand provides Wonder Qwest, Zest Qwest, Vision Qwest, Ice Qwest and Spirit Qwest. BlendCraft is created using only flower and trichome-coated sugar leaf from Qwest's collection of cultivars.
Financial Overview
For the six months ended 30 June 2021, DecibelCannabis Company Inc revenues increased from C$10.9M toC$25.1M. Net income totaled C$2M vs. loss of C$6.2M.Revenues reflect Gross revenue increase from C$11.9M toC$31.2M. Net Income reflects Share-based compensationdecrease of 16% to C$1.5M (expense), Third party sellingcosts decrease from C$194K (expense) to C$0K, Interestleases decrease of 22% to C$148K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $112.88M as of Jun 30, 2021
Annual revenue (TTM): $44.07M as of Jun 30, 2021
EBITDA (TTM): $6.09M as of Jun 30, 2021
Net annual income (TTM): -$1.05M as of Jun 30, 2021
Free cash flow (TTM): -$8.47M as of Jun 30, 2021
Net Debt Last Fiscal Year: $47.28M as of Jun 30, 2021
Shares outstanding: 403,990,345 as of Nov 1, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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