DBCCF - Decibel Cannabis Reports 16% YoY Drop In Q1 Revenue CEO Expects Improved Q2 And 'Continued Path To Sustainable Growth And Profitability' | Benzinga
Decibel Cannabis Company Inc. (TSXV:DB) (OTCQB:DBCCF), a maker of premium cannabis and extract manufactured products, announced its unaudited interim financial results on Wednesday for the three months ending March 31, 2024.
The Alberta-based company reported a year-over-year decrease of 16% in net revenue to CA$21 million ($15.4 million).
Benjamin Sze, the company's CEO said “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 noted in a press release.
"With a focused effort on ...