Decibel Cannabis Company (TSE:DB) has released an update.
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Decibel Cannabis Company reported a Q1 2024 net revenue of $21.0 million, marking a 16% decrease from the previous year, attributed to heightened competition and changes in consumer preferences. Despite these challenges, the company maintained a 6% national market share, ranking as Canada’s 4th largest licensed producer. CEO Benjamin Sze is optimistic about Q2, anticipating initiatives that aim for sustainable growth and profitability.
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