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Decibel Cannabis Reports 16% YoY Drop In Q1 Revenue, CEO Expects Improved Q2 And ‘Continued Path To Sustainable Growth And Profitability’

By Jelena Martinovic
May 29, 10:18 AM
Decibel Cannabis Company Inc. (TSXV: DB) (OTCQB: DBCCF), a maker of premium cannabis and extract manufactured products, announced on Wednesday its unaudited interim financial results for the three months ending March 31, 2024. The Calgary, Alberta-based company reported a year-over-year decrease of 16% in net revenue to $21 million. Benjamin Sze, the company's CEO said that "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 said in a press release.

DB

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Carvana Expects Surge In Used Car Demand On New Vehicle Oversupply

By Shivani Kumaresan
May 15, 10:57 AM
Amidst a potential oversupply of new vehicles, online used car giant Carvana (NYSE:CVNA) foresees a surge in sales, CEO Ernest Garcia III reveals. Increased production by major automakers is set to favor the retailer, with efforts to manage inventories through incentives and fleet sales, reported Bloomberg. Deutsche Bank AG (NYSE:DB) notes a rise in U.S. new car inventories, reaching 50 days' supply by April's end.

CVNA

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This Undervalued Cannabis Stock Has Another Year Of Growth: Reports Record 2023 Revenue And Adjusted EBITDA

By Jelena Martinovic
April 29, 10:39 AM
Decibel Cannabis Company reported on Monday its audited financial results for the three and twelve month periods ending Dec. 31, 2023. The Calgary, Alberta-based company said it saw a record net revenue of CA$116 million ($84.8 million) in 2023, an increase of 46% over 2022. "The Company's fourth quarter financial results delivered another year of growth across all metrics and I look forward to working with the team to continue to build on this success" Benjamin Sze, Decibel's new CEO, said. Sze was recently appointed to serve as Decibel's CEO, succeeding Paul Wilson. He rejoined the company after previously serving as CEO before resigning in late 2020 to focus on his family.

DB

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Markets Today: Earnings Are Failing To Impress Traders, Dow Jones Flirting With Critical Levels

By Naeem Aslam
April 25, 9:52 AM
European and US futures are trading lower on the second last day of the week as traders and investors digest the current earnings’ season while keeping a close eye on the economic data, which is very much not going to shape the monetary policy of central banks, but it could also provide a massive tailwind for the equity markets in the US and in Europe, which they desperately need.

BCS