Decibel Cannabis posts 19% revenue gain, plans share consolidation

Decibel Cannabis Company Inc. (TSXV: DB) (OTCQB: DBCCF) reported net revenue of C$35.6 million for the second quarter ended June 30, 2026, a 19% increase from the same period a year earlier, according to a company press release.

International sales rose 72% year over year to C$10.6 million, while domestic sales grew 6% to C$25 million. Adjusted EBITDA, a non-GAAP measure, reached C$7.8 million, up 24% year over year. Free cash flow, also a non-GAAP measure, was C$4.9 million, compared with C$2.2 million in the second quarter of 2025. Gross margin before fair value adjustments was 51%, up from 47% in the prior-year period.

The company raised its full-year 2026 guidance, projecting net revenue of C$132 million to C$137 million, compared with a prior range of C$130 million to C$135 million. Adjusted EBITDA guidance was raised to C$28 million to C$32 million from C$27 million to C$31 million.

Decibel also announced a 15-to-1 share consolidation, previously approved by shareholders at a December 11, 2025 meeting. The consolidation will reduce shares outstanding from approximately 577 million to approximately 38.5 million. Post-consolidation trading is expected to begin on or about September 1, 2026, pending final acceptance from the TSX Venture Exchange. The company's name and trading symbol will not change.

The company said it is also considering a Normal Course Issuer Bid and expects to provide further details after the share consolidation is completed.

In a separate governance update, Shawn Dym was appointed Executive Chairman, taking on expanded responsibilities in capital allocation and mergers and acquisitions alongside CEO Benjamin Sze. Nadia Vattovaz will serve as Lead Independent Director.

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