Decibel Cannabis Company (TSE:DB) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Decibel Cannabis Company reported a net revenue of $24.1 million for the third quarter of 2024, reflecting a 9% sequential growth despite a challenging market environment. The company achieved a gross margin of 53% and a positive free cash flow of $1.8 million, showcasing effective strategies in response to increased competition and changes in consumer preferences.
For further insights into TSE:DB stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue