Decibel Cannabis Company (TSE:DB) has released an update.
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Decibel Cannabis Company reports a 22% year-over-year decline in second quarter net revenue to $22.1 million, attributing the decrease to heightened competition and market shifts. Despite the revenue drop, the company achieved a positive free cash flow and is taking strategic steps, including the relaunch of its Qwest flower brand, to regain market share and foster future growth.
For further insights into TSE:DB stock, check out TipRanks’ Stock Analysis page.
