What’s going on with Decibel Cannabis Company?
Decibel Cannabis Company Inc. (DBCCF) stock rose after the Calgary, Canada-based premium cannabis producer launched its high-end concentrate brand “Pressed by Qwest,” along with new dried flower, pre-roll, vape and concentrate products. Shares of DBCCF were up 4.04% to $0.28 per share on Thursday afternoon.
The company also revealed that early-stage harvests have been “slightly above management expectations for yield and harvested crops have tested between 24% – 28.5% THC.”
What does this mean for DBCCF?
"The launch of Pressed by Qwest marks our first step into the premium concentrate category, mirroring our approach with Qwest in dried flower, we are bringing rare cultivars, high-standard craft quality, and choice to consumers." said Cody Church, interim CEO of Decibel. "Our strategic focus remains on expanding our market share as we launch our premium cannabis 2.0 products and increasing our flower capacity from 1,800 kg to 9,000 kg over this year."
In the second half of 2021, Decibel plans to launch new rare cultivars under the Qwest and Qwest Reserve brands. They’re part of seven new cultivars to debut this year in addition to new high-THC, pre-milled flower products under the Blendcraft by Qwest Brand.
DBCCF has a Short-Term Technical Rank of 97. Find out what this means to you and get the rest of the rankings on DBCCF!
Decibel Cannabis Co Inc is engaged in the cannabis operations business. It is involved in the production, distribution, and sale of recreational cannabis. All the revenues are generated in Canada. The company's revenue is comprised of wholesale sales of both products and services through its production facilities to distributors and licensed cannabis producers as well as the direct sale of products through its retail locations to end customers.
