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Decibel Cannabis Q2 Adjusted Earnings Flat YoY, Net Revenue Jumps 19%

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Decibel Cannabis (DB.V) said Thursday its second-quarter adjusted earnings were unchanged year over year, at C$0.01 per share.

Analysts polled by FactSet had forecast C$0.01 per share.

Revenue advanced 19% to C$35.6 million, from C$29.8 million in the prior year period. The result beat the consensus analyst estimate of C$34.3 million. Decibel said international sales jumped 72% to a record C$10.6 million during the quarter.

The company raised its full year 2026 net revenue guidance to C$132 million to C$137 million, from the previous C$130 million to C$135 million.

Decibel also said board chair Shawn Dym has been appointed executive chair He will work more closely with management on capital allocation, M&A, and other long-term strategic priorities, a statement said.

The company will also complete its one for 15 share consolidation on Sept. 1.

Decibel Cannabis shares were last seen up C$0.01 to C$0.125, on the TSX Venture Exchange.

Price: $0.13, Change: $+0.01, Percent Change: +8.70%

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