- Decibel Cannabis Company (TSXV:DB), a growth stock with an impressive operational track record, has increased its vape market share following the launch of its General Admission Liquid Diamond Vapes
- The company continues to hold the #1 position in the 1 gram 510 vape cartridge category
- Decibel is the cannabis company behind the General Admission, Qwest and Vox brands
- Decibel Cannabis stock has given back 42.31 per cent since 2020
Decibel Cannabis Company (TSXV:DB), a growth stock with an impressive operational track record, has increased its vape market share following the release of its General Admission Liquid Diamond Vapes.
Since launching the new vapes in November 2024, the company has grown its 1 gram 510 vape market share by over 1.5 per cent, maintaining its #1 position in the largest vape category, according to data from HiFyre Retail Analytics.
General Admission Liquid Diamond vapes are available in British Columbia, Alberta, Saskatchewan, Manitoba and Ontario. The product line includes three strains: Very Berry, Atomic Apple and Tangerine Twist.
Decibel plans to release an ultra-high potency infused pre-roll product line with the same strains in late Q1 in Western Canada and early Q2 in Ontario.
Decibel Cannabis’ income statements at a glance
Despite inventory oversaturation and price compression across the Canadian cannabis industry, Decibel has managed to growth revenue by over 1,750 per cent from C$6.24 million in 2019 to C$115.96 million in 2023, plus a respectable over C$67 million effort through three quarters in 2024.
Management has delivered this growth with gradual improvements in net income, from a pandemic low of -C$9.22 million in 2020, to positive adjusted net income in 2022, 2023, as well as Q2 and Q3 2024.
Leadership insights
“The strong performance of our new General Admission Liquid Diamond vapes underscores Decibel’s ability to deliver products that resonate with consumers and capture market share quickly. This is just the beginning of our innovation plan this year—our team is relentlessly focused on delivering even more bold, high-impact product launches, as we continue to strengthen our innovation leadership and market share position,” Adam Coates, Decibel Cannabis’ chief revenue officer, said in a statement.
About Decibel Cannabis
Decibel is the cannabis company behind the General Admission, Qwest and Vox brands. The company is expanding its primarily Canadian operations into Europe with the Q4 2024 acquisition of AgMedica Biosciences, adding a EU-GMP certified facility to its cultivation and manufacturing portfolio.
Decibel Cannabis stock (TSXV:DB) is unchanged trading at C$0.075 per share as of 9:39 am ET. The stock has given back 42.31 per cent since 2020.
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(Top photo of a General Admission cannabis vape cartridge: General Admission)
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