Sector: Healthcare | Industry: Pharmaceuticals |
Company Contact | |
Address: | 1440 - 140, 4th Avenue SW CALGARY AB T2P 3N3 |
Tel: | N/A |
Website: | https://decibelcc.com |
IR: | See website |
Key People | ||
Paul D. Wilson Chief Executive Officer | Stuart Boucher Chief Financial Officer | Adam Coates Chief Revenue Officer |
Business Overview |
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. |
Financial Overview |
For the nine months ended 30 September 2023, Decibel Cannabis Company Inc revenues increased 65% to C$88.2M. Net loss decreased 56% to C$579K. Revenues reflect Gross revenue increase of 80% to C$141.3M. Lower net loss reflects Accretion convertible debentures decrease from C$384K (expense) to C$0K, Share-based compensation decrease of 21% to C$1.1M (expense), Depreciation and amortization decrease of 7% to C$2.5M (expense). |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $94.51M as of Sep 30, 2023 |
Annual revenue (TTM): | $114.02M as of Sep 30, 2023 |
EBITDA (TTM): | $5.75M as of Sep 30, 2023 |
Net annual income (TTM): | -$3.73M as of Sep 30, 2023 |
Free cash flow (TTM): | $2.93M as of Sep 30, 2023 |
Net Debt Last Fiscal Year: | $43.98M as of Sep 30, 2023 |
Shares outstanding: | 409,039,066 as of Jan 19, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |