Decibel pronounces company update on Market Share and Upcoming Product Launches

CALGARY, AB, Oct. 15, 2021 /PRNewswire/ - Decibel cannabis enterprise Inc. (the "business" or "Decibel") (TSX-V: DB) (OTCQB: DBCCF), a top class cannabis producer, is comfortable to supply an replace on its recent Canadian recreational market share, and upcoming product launches in its three major markets – British Columbia, Alberta, and Ontario – in addition to Saskatchewan and Manitoba.

Decibel cannabis enterprise Inc. logo (CNW group/Decibel cannabis business Inc.)

"We remain focused on taking pictures additional market share through the electricity of our brands, business-main product best and persisted innovation to satisfy cannabis purchaser's evolving preferences" observed Paul Wilson, Chief government Officer of Decibel. "we are closing out 2021 with effective momentum, as we totally realize the have an impact on of our 2021 increase initiatives".

Market Share

#9 biggest LP by using Canadian recreational market share, with 3.1% in September

potent market share across BC, AB, SK, ON in September 20211,2:

#2 company in premium flower sales with a 9.0% market share

#2 manufacturer in concentrate revenue with a 12.9% market share

#3 company in vape earnings with a 12.9% market share

successful Product Listings & Upcoming Launches

Decibel continues to power innovation inside the leisure market, specializing in purchaser insights to shape alternative of product choices, cannabinoid profiles, formulations, and flavours. In its Q2 2021 fiscal results, Decibel averaged about $one hundred eighty thousand in web income per product SKU3 (annualized ~$720 thousand in internet earnings per product SKU).

Decibel is within the system of launching 40 new product SKUs between September and January:

Flower

Flower and pre-roll volumes from Decibel's cultivation belongings executed run-fee harvests in August and are actually within the publish-harvest part, with checklist volumes purchasable for sale mid-this autumn. In anticipation of these volumes, Decibel has now listed all flower and pre-roll cultivar offerings in its three predominant markets – British Columbia, Alberta, and Ontario – in addition to Saskatchewan, and Manitoba.

Story continues

British Columbia – 10 new product listings launching within the next 2 months (2 launched lately)

Ontario – 12 new product listings launching over the next 4 months (4 launched recently)

Alberta – 14 new product listings launching within the subsequent 2 months (four launched these days)

Derivatives

The business continues to innovate with its vape and focus offerings with upcoming product line extensions proposing extra flavours of current codecs, increasing into new & enjoyable product codecs, and brand extensions into new product categories.

British Columbia – three new product listings launching in the next 2 months with listing system of additional items ongoing (2 launched recently)

Ontario – 13 new product listings launching over the next four months (2 launched currently)

Alberta – 10 new product listings launching over the subsequent 2 months (4 launched currently)

link to Decibel's Investor Presentation

1 HiFyre Retail Analytics, Licensed Producer sales over Time in BC, AB, SK, ON, September 1 – September 30, 2021

2 HiFyre Retail Analytics, top rate flower market described as flower items bought greater than 20% above normal selling fee per gram

3 See Decibel's investor presentation page 12.

About Decibel

Decibel is uncompromising within the system and craftsmanship vital to convey the highest quality hashish products and retail experiences. Decibel has three working creation houses together with its utterly owned retail company, Prairie data. The Qwest property in Creston, BC is an authorized and working 26,000 square foot cultivation space which produces the generally championed, rare cultivar-concentrated brands Qwest and Qwest Reserve, which might be bought in six provinces throughout Canada. Thunderchild Cultivation, is a certified and working eighty,000 rectangular foot indoor cultivation facility in Battleford, SK. The Plant, Decibel's extraction facility, in Calgary, AB has 15,000 square feet of health Canada licensed extraction and product construction house. This construction apartment will gasoline the growth of our brands Qwest, Qwest Reserve, Blendcraft, and generic Admission, into new and imaginative product formats like concentrates, vapes, edibles and past.

Neither TSX project exchange nor its legislation services company (as that time period is described in the guidelines of the TSX mission trade) accepts accountability for the adequacy or accuracy of this unencumber.

Cautionary Statements

ahead looking tips

This information unlock consists of "forward-searching assistance" and "forward-searching statements" (jointly, "forward-looking statements") in the which means of the relevant Canadian securities law. All statements, apart from statements of ancient reality, are ahead-looking statements and are in line with expectations, estimates and projections as at the date of this news release. Any statement that comprises discussions with recognize to predictions, expectations, beliefs, plans, projections, goals, assumptions, future hobbies or performance (regularly however no longer all the time the usage of phrases equivalent to "expects", or "does not expect", "is anticipated", "anticipates" or "doesn't expect", "plans", "funds", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such phrases and phrases or declaring that definite actions, hobbies or consequences "can also" or "might", "would", "might" or "will" be taken to happen or be executed) don't seem t o be statements of historical reality and may be forward-looking statements.

during this news release, forward-looking statements relate to, among other things, the enterprise's enterprise plans and methods, expectations for 2021 and the attention of boom initiatives, predicted product launches and the company's skill to grow Qwest, Qwest Reserve and Blendcraft brands into new and inventive product codecs, adaptations and its other enterprise plans and expectations. forward-searching statements are necessarily based upon a few estimates and assumptions that, while regarded economical, are subject to general and unknown risks, uncertainties, and different factors which can cause the precise results and future events to vary materially from these expressed or implied via such forward-looking statements. Such components consist of, but aren't confined to: hazards relating to delays, regulatory changes and influences, capital requirements, construction influences, displacement necessities and unforeseen requirements due to the COVID-19 pandemic, the means to r eap and hold licences to retail cannabis items; evaluate of the company's production amenities by fitness Canada and renovation of licences (including any amendments thereto) from fitness Canada in appreciate thereof; future legislative and regulatory developments involving cannabis; lack of ability to entry satisfactory capital from interior and exterior sources, and/or inability to entry satisfactory capital on favourable phrases; the labour market often and the means to access, appoint and continue personnel; familiar enterprise, financial, aggressive, political and social uncertainties; the delight of situations precedent below the business's credit amenities; timing and completion of building and growth of the business's production facilities and retail places; and the delay or failure to receive board, regulatory or other approvals, together with any approvals of the TSX project exchange, as applicable. There may also be no assurance that such statements will prove to be corre ct, as specific results and future pursuits could differ materially from these expected in such statements. accordingly, readers should still no longer vicinity undue reliance on the forward-searching statements and information contained in this information unlock.

These forward-searching statements are made as of the date of this press release and, apart from as required by means of legislations, the business assumes no responsibility to replace the ahead-searching statements or beliefs, opinions, projections, or different factors, should still they change.

Cision

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source Decibel cannabis company Inc.