Decibel Cannabis Company Inc. (DB, DBCCF) has reported exceeding expectations with its new flower strategy. The company’s QWEST brand, re-launched in July with a focus on affordable quality, has seen a significant increase in demand, both domestically and internationally. Despite recent sales declines, Decibel is making strategic moves to improve operational efficiency and achieve a free cash flow run rate of $10 million per year.
Decibel Cannabis Company, a leading manufacturer of premium cannabis products, announces significant progress in its dried flower strategy. Their QWEST brand has seen a surge in demand domestically, with a 400% increase in market share. Decibel is also expanding internationally, with initial shipments planned to the UK, Australia, Israel, and Germany. The company has also announced corporate changes including an extension request for its annual shareholder meeting and the resignation of a key officer.
