CA - Decibel expects Q4 net revenue of $25.25-$26.25M
- Decibel Cannabis ( OTCQB:DBCCF ) provides preliminary unaudited Q4 results with net revenue of $25.25 – $26.25M (>38% growth from Q3 2022).
- Q4 record Adjusted EBITDA of $6.25 – $7.25M (>47% growth from Q3 2022).
- The Co. will achieved <3.0x Debt to trailing twelve-month Adjusted EBITDA for Q4.
- For 2023, the Co. targets net revenue Y/Y growth of >35%.
- Growing its footprint and recognition in Canada will in turn create a foundation to expand their brands internationally, bringing quality and choice to consumers abroad.
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Decibel expects Q4 net revenue of $25.25–$26.25M