Decibel International Cannabis Sales Jump 330% As Q1 Revenue Climbs 41%

Canadian cannabis company Decibel Cannabis Company Inc. (TSXV: DB) (OTCQB: DBCCF) reported net revenue of CA$29.8 million ($21.6 million) in the first quarter of 2026, a 41% year-over-year increase driven by strong international demand and domestic product launches, according to the company’s Thursday press release. All figures are in Canadian dollars unless otherwise noted.

International sales surged 330% year-over-year to CA$9.6 million, though growth was partially constrained by delays in German permitting timelines. Domestic sales increased 7% over the same period to CA$20.3 million, supported by the new Standard Issue brand and refreshed General Admission portfolio.

CEO Benjamin Sze said the company entered 2026 with renewed momentum after a difficult previous quarter.

“Q1 was a strong start to the year with revenue up 41%, international sales tripling and Adjusted EBITDA doubling year over year. This performance is especially meaningful as we emerge from last quarter’s headwinds with a strengthened balance sheet and real momentum heading into the strongest season for our domestic portfolio. The setup for the rest of 2026 is compelling,” Sze said in a statement.

The company expects second-quarter net revenue of CA$33 million to CA$35 million. Decibel also reaffirmed its full-year 2026 guidance of CA$130 million to CA$135 million in net revenue and adjusted EBITDA of CA$27 million to CA$31 million.

Q1 2026 Financial Highlights

• Adjusted EBITDA doubled year-over-year to CA$6.9 million.
• Gross margin before fair value adjustments improved to 51% from 50% last year.
• Adjusted net income reached CA$3.1 million, up CA$3.2 million year-over-year.

Other Business Highlights

Decibel closed a CA$61 million credit facility with ATB Financial and ATB Cormark Capital Markets, extending debt maturities to 2030, reducing 2026 payment obligations by CA$5 million and adding up to CA$10 million in undrawn available capital.

The company also entered into an agreement to sell its Creston, British Columbia cultivation property for CA$2.5 million. Decibel expects the sale to close before June 30, 2026 and said the transaction is expected to save CA$4 million annually.

DBCCF Price Action

Decibel’s shares were trading 1.78% higher at the time of publication Thursday morning.