Canada's Decibel Cannabis Q1 revenue rises, led by international growth

Decibel Cannabis

21/05/2026 13:10

Overview

Canada cannabis producer's Q1 revenue rose 41% yr/yr, driven by international growth

Q1 adjusted EBITDA doubled yr/yr, primarily due to international sales demand

Company agreed to sell Creston cultivation facility for C$2.5 mln to optimize operations

Outlook

Decibel sees Q2 2026 net revenue between C$33 mln and C$35 mln

Company maintains 2026 full-year net revenue guidance of C$130 mln to C$135 mln

Result Drivers

INTERNATIONAL SALES SURGE - Q1 international sales grew 330% yr/yr to C$9.6 mln, driven by strong volume growth and high demand, despite delays in German permitting

DOMESTIC PRODUCT LAUNCHES - Domestic sales rose 7% yr/yr, supported by new Standard Issue brand and refreshed General Admission portfolio, leading to market share gains

GROSS MARGIN IMPROVEMENT - Gross margin before fair value adjustments rose to 51% from 50% a year earlier, reflecting improved profitability

Company press release: ID:nPn9cFXKwa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted Net Income
C$3.10 mln
Q1 Adjusted EBITDA
C$6.90 mln
Q1 Free Cash Flow
-C$14.60 mln


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)