Key Financial Highlights – Fiscal Year 2021
Net revenue of $52 million in 2021, an increase of 75% from 2020.
Gross profit of $18 million in 2021, an increase of 53% from 2020.
Positive adjusted EBITDA of $7.4 million in 2021, an increase of 386% from 2020.
"Decibel continues to execute on its strategy to accelerate revenue growth and deliver new, unique and innovative choices to cannabis consumers. The success achieved through 2021 with record market share demonstrates the strength we've created in our brands, and our dedication towards our customers", stated Paul Wilson, CEO of Decibel. "Our momentum has accelerated into 2022, and we are gaining great traction across our products and brands, particularly with our recent …