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Decibel Cannabis Company
(DB)
Select Model
Select Model
Rating:49Neutral
Price Target:
C$1.50
▲(1150.00% Upside)
Action:Reiterated
Date:09/06/26
The score is held back primarily by weak financial quality—ongoing losses below EBITDA and negative TTM operating/free cash flow—despite improved leverage. Technicals are moderately supportive with price above key moving averages and positive MACD, but valuation remains challenged due to negative earnings and no dividend yield data.
Positive Factors
Strong revenue rebound
The sharp TTM revenue rebound indicates substantially stronger sales activity and improved market traction. If maintained, higher scale can support operating leverage, broaden the company’s branded product presence, and provide a stronger base for future profitability across regulated cannabis channels.
Negative Factors
Negative operating and free cash flow
Persistent negative operating and free cash flow means the business is consuming cash despite its revenue rebound and positive EBITDA. If this continues, liquidity may come under pressure and management could have fewer resources to fund growth, absorb setbacks, or strengthen the balance sheet internally.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue rebound
The sharp TTM revenue rebound indicates substantially stronger sales activity and improved market traction. If maintained, higher scale can support operating leverage, broaden the company’s branded product presence, and provide a stronger base for future profitability across regulated cannabis channels.
Read all positive factors
Decibel Cannabis Company (DB) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$61.55M
Dividend YieldN/A
Average Volume (3M)21.99K
Price to Earnings (P/E)―
Beta (1Y)0.47
Revenue Growth26.44%
EPS Growth-104.43%
CountryCA
Employees171
SectorGeneral
Sector StrengthN/A
IndustryDrug Manufacturers - Specialty & Generic
Share Statistics
EPS (TTM)-0.02
Shares Outstanding38,469,550
10 Day Avg. Volume24,448
30 Day Avg. Volume21,988
Financial Highlights & Ratios
PEG Ratio0.18
Price to Book (P/B)1.02
Price to Sales (P/S)0.56
P/FCF Ratio11.59
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$4.00Price Target Upside3233.33% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.19
Revenue Forecast (FY)C$134.88M
Decibel Cannabis Company Business Overview & Revenue Model
Company Description
Decibel Cannabis Company Inc. operates within Canada's cannabis industry, overseeing the entire spectrum from growing and processing to manufacturing and selling its diverse product line. It serves other licensed Canadian producers by supplying ca...
How the Company Makes Money
Decibel makes money primarily by selling cannabis products into Canada’s regulated adult-use market. Its core revenue model is product-based: it grows and/or sources cannabis, processes it into finished goods (including packaging and compliance ac...
Decibel Cannabis Company Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
63
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 127.08M | 112.72M | 92.54M | 106.22M | 79.33M | 52.45M |
| Gross Profit | 36.19M | 17.49M | 37.58M | 38.77M | 26.43M | 28.17M |
| EBITDA | 2.40M | -10.80M | 21.53M | 6.46M | 2.26M | 9.45M |
| Net Income | -667.00K | -2.92M | 9.46M | -1.77M | -4.46M | 1.74M |
Balance Sheet | ||||||
| Total Assets | 145.46M | 141.60M | 151.86M | 142.99M | 140.88M | 125.93M |
| Cash, Cash Equivalents and Short-Term Investments | 9.98M | 7.49M | 7.00M | 3.48M | 2.97M | 1.92M |
| Total Debt | 57.60M | 44.16M | 48.32M | 48.52M | 48.39M | 49.90M |
| Total Liabilities | 80.82M | 79.25M | 87.14M | 96.79M | 93.67M | 75.19M |
| Stockholders Equity | 64.64M | 62.35M | 64.72M | 46.20M | 47.21M | 50.73M |
Cash Flow | ||||||
| Free Cash Flow | -5.25M | 5.47M | 3.21M | 4.92M | 4.44M | -20.39M |
| Operating Cash Flow | -2.89M | 7.46M | 3.98M | 7.08M | 8.26M | -17.15M |
| Investing Cash Flow | -2.36M | -1.98M | 1.19M | -2.13M | -3.76M | -3.23M |
| Financing Cash Flow | 9.88M | -4.98M | -1.65M | -4.43M | -3.45M | 18.47M |
Decibel Cannabis Company Technical Analysis
Negative
0.12
Price Trends
1.70
Negative
1.72
Negative
1.71
Negative
Market Momentum
>-0.01
Negative
42.73
Neutral
30.68
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:DB, the sentiment is Negative. The current price of 0.12 is below the 20-day moving average (MA) of 1.64, below the 50-day MA of 1.70, and below the 200-day MA of 1.71, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 42.73 is Neutral, neither overbought nor oversold. The STOCH value of 30.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:DB.
Decibel Cannabis Company Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
57 Neutral | C$29.90M | -6.03 | -13.79% | ― | -6.74% | 43.54% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | C$61.55M | -100.00 | -1.06% | ― | 26.44% | -104.43% | |
49 Neutral | C$71.81M | -1.85 | 206.83% | ― | ― | ― | |
44 Neutral | C$103.09M | -1.26 | -285.96% | ― | -7.77% | -52.56% | |
43 Neutral | C$53.65M | -0.61 | -131.41% | ― | -21.90% | -25.05% | |
42 Neutral | C$12.02M | -4.07 | -35.33% | ― | -1.41% | -78.91% |
* General Sector Average
TSE:DB
Decibel Cannabis Company
1.60
-0.50
-23.81%
TSE:LEEF
Leef Brands
0.24
-0.05
-16.07%
TSE:CWEB
Charlotte's Web Holdings
0.38
0.14
55.10%
TSE:LABS
MediPharm Labs
0.07
>-0.01
-12.50%
TSE:PLTH
Planet 13 Holdings
0.16
-0.16
-49.21%
TSE:GWAY
Greenway Greenhouse Cannabis Corp.
0.09
-0.11
-55.00%
Decibel Cannabis Company Corporate Events
Business Operations and StrategyProduct-Related Announcements
Decibel partners with Hilltop Leaf to launch Canadian cannabis brands in UK medical market
Positive
Oct 8, 2026
Decibel Cannabis Company has signed a brand licensing agreement with UK-based Hilltop Leaf to launch its General Admission and Standard Issue cannabis flower brands in the United Kingdom. The move leverages Decibel’s EU GMP-qualified supply ...
Delistings and Listing ChangesStock Split
Decibel Begins Trading Post 15-for-1 Share Consolidation on TSXV
Neutral
Sep 1, 2026
Decibel Cannabis Company has implemented a 15-to-1 consolidation of its common shares, effective with the opening of trading on September 1, 2026, on the TSX Venture Exchange. The consolidation, previously approved by shareholders and accepted by ...
Business Operations and StrategyStock BuybackFinancial DisclosuresStock Split
Decibel Cannabis Posts Record Q2, Raises Outlook and Plans 15:1 Share Consolidation
Positive
Aug 20, 2026
Decibel reported record second-quarter 2026 net revenue of $35.6 million, up 19% year over year, driven by strong domestic brands and rapid international expansion, with international sales rising 72% to $10.6 million. Record adjusted EBITDA of $7...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.