Decibel Cannabis Company Inc.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Total Revenue | 92.5M | 106.2M | 79.3M | 52.5M |
| Operating Revenue | 140.5M | 177.7M | 119.0M | 67.9M |
| Cost Of Revenue | 55.0M | 67.5M | 52.9M | 24.3M |
| Gross Profit | 37.6M | 38.8M | 26.4M | 28.2M |
| Selling General And Administration | 29.9M | 30.9M | 23.1M | 18.1M |
| General And Administrative Expense | 21.9M | 24.0M | 19.8M | 16.9M |
| Depreciation And Amortization In Income Statement | 5.0M | 2.5M | 3.7M | 3.7M |
| Operating Expense | 35.0M | 33.4M | 26.7M | 21.8M |
| Operating Income | 2.6M | 5.4M | -318,000 | 6.4M |
| EBIT | 16.4M | 769,000 | -1.4M | 5.7M |
| Interest Expense | 2.9M | 2.7M | 3.1M | 4.0M |
| Interest Expense Non Operating | 2.9M | 2.7M | 3.1M | 4.0M |
| Net Interest Income | -2.9M | -2.8M | -3.2M | -4.1M |
| Other Income Expense | 13.9M | -4.5M | -986,000 | -549,000 |
| Other Non Operating Income Expenses | -1.3M | 360,000 | 140,000 | 66,000 |
| Special Income Charges | 15.4M | -4.4M | -477,000 | -448,000 |
| Restructuring And Mergern Acquisition | -15.9M | 0.00 | 396,000 | 414,000 |
| Write Off | 513,000 | 1.8M | -- | -- |
| Gain On Sale Of Security | -239,000 | -477,000 | -649,000 | -167,000 |
| Pretax Income | 13.6M | -1.9M | -4.5M | 1.7M |
| Tax Provision | 0.00 | 0.00 | 0.00 | 0.00 |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | 9.5M | -1.8M | -4.5M | 1.7M |
| Net Income From Continuing Operation Net Minority Interest | 13.6M | -1.9M | -4.5M | 1.7M |
| Net Income Including Noncontrolling Interests | 9.5M | -1.8M | -4.5M | 1.7M |
| Net Income Common Stockholders | 9.5M | -1.8M | -4.5M | 1.7M |
| Net Income | 9.5M | -1.8M | -4.5M | 1.7M |
| EBITDA | 21.5M | 3.2M | 2.3M | 9.5M |
| Normalized EBITDA | 6.3M | 8.1M | 3.4M | 10.1M |
| Reconciled Depreciation | 5.0M | 2.5M | 3.7M | 3.7M |
| Basic EPS | 0.02 | -0.00 | -0.01 | 0.01 |
| Diluted EPS | 0.02 | -0.00 | -0.01 | 0.01 |
| Basic Average Shares | 425.5M | 408.1M | 404.0M | 365.8M |
| Diluted Average Shares | 426.0M | 408.1M | 404.0M | 374.8M |
| Total Unusual Items | 15.2M | -4.9M | -1.1M | -615,000 |
| Total Unusual Items Excluding Goodwill | 15.2M | -4.9M | -1.1M | -615,000 |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.00 | 0.00 |
| Normalized Income | -1.6M | 3.0M | -3.3M | 2.4M |
| Depreciation Amortization Depletion Income Statement | 5.0M | 2.5M | 3.7M | 3.7M |
| Diluted NI Availto Com Stockholders | 9.5M | -1.8M | -4.5M | 1.7M |
| Excise Taxes | 48.0M | 71.5M | 39.6M | 15.4M |
| Gain On Sale Of Ppe | -- | 0.00 | -81,000 | -34,000 |
| Net Income Continuous Operations | 13.6M | -1.9M | -4.5M | 1.7M |
| Net Income Discontinuous Operations | -4.1M | 143,000 | -- | -- |
| Net Non Operating Interest Income Expense | -2.9M | -2.8M | -3.2M | -4.1M |
| Other Gand A | 9.2M | 8.6M | 7.2M | 7.4M |
| Other Special Charges | -- | 2.6M | -- | -- |
| Provision For Doubtful Accounts | -- | 1.8M | 0.00 | -- |
| Reconciled Cost Of Revenue | 55.0M | 67.5M | 52.9M | 24.3M |
| Salaries And Wages | 12.7M | 15.4M | 12.5M | 9.5M |
| Selling And Marketing Expense | 8.0M | 7.0M | 3.3M | 1.2M |
| Total Expenses | 89.9M | 100.8M | 79.6M | 46.1M |
| Total Operating Income As Reported | 2.0M | 985,000 | -714,000 | 6.0M |
| Total Other Finance Cost | 49,000 | 99,000 | 105,000 | 117,000 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 7.0M | 3.5M | 3.0M | 1.9M |
| Cash Cash Equivalents And Short Term Investments | 7.0M | 3.5M | 3.0M | 1.9M |
| Cash Financial | 7.0M | 3.5M | 3.0M | 1.9M |
| Accounts Receivable | 11.7M | 13.4M | 16.4M | 12.7M |
| Receivables | 11.8M | 13.8M | 16.7M | 12.9M |
| Inventory | 43.3M | 50.6M | 47.8M | 37.1M |
| Prepaid Assets | 2.4M | 3.6M | 2.3M | 4.7M |
| Current Assets | 64.5M | 71.5M | 69.8M | 56.6M |
| Gross PPE | 98.1M | 79.1M | 74.5M | 70.2M |
| Accumulated Depreciation | -17.4M | -15.3M | -12.0M | -7.9M |
| Net PPE | 80.7M | 63.8M | 62.6M | 62.2M |
| Goodwill | 0.00 | 4.3M | 4.3M | 4.3M |
| Goodwill And Other Intangible Assets | 959,000 | 4.8M | 4.6M | 4.6M |
| Other Intangible Assets | 959,000 | 496,000 | 332,000 | 390,000 |
| Investments And Advances | -- | -- | -- | 0.00 |
| Other Non Current Assets | -- | -- | -- | 2.4M |
| Total Non Current Assets | 87.3M | 71.5M | 71.1M | 69.3M |
| Total Assets | 151.9M | 143.0M | 140.9M | 125.9M |
| Current Debt | 8.8M | 8.6M | 8.7M | 21.4M |
| Current Debt And Capital Lease Obligation | 10.6M | 10.1M | 9.6M | 22.2M |
| Accounts Payable | 38.2M | 45.0M | 44.3M | 25.0M |
| Payables | 38.2M | 45.0M | 44.3M | 25.0M |
| Payables And Accrued Expenses | 38.2M | 45.0M | 44.3M | 25.0M |
| Other Current Liabilities | 221,000 | 1.6M | -- | -- |
| Current Liabilities | 49.1M | 56.7M | 53.9M | 47.1M |
| Long Term Debt | 29.5M | 32.3M | 35.0M | 24.1M |
| Long Term Debt And Capital Lease Obligation | 37.7M | 38.4M | 38.8M | 27.7M |
| Long Term Capital Lease Obligation | 8.2M | 6.1M | 3.8M | 3.7M |
| Other Non Current Liabilities | 405,000 | 1.7M | 950,000 | 333,000 |
| Total Non Current Liabilities Net Minority Interest | 38.1M | 40.1M | 39.8M | 28.1M |
| Total Liabilities Net Minority Interest | 87.1M | 96.8M | 93.7M | 75.2M |
| Common Stock | 63.2M | 54.1M | 53.5M | 53.4M |
| Capital Stock | 63.2M | 54.1M | 53.5M | 53.4M |
| Retained Earnings | -14.7M | -24.2M | -22.4M | -17.9M |
| Gains Losses Not Affecting Retained Earnings | 16.2M | 12.6M | 11.8M | 9.0M |
| Common Stock Equity | 64.7M | 46.2M | 47.2M | 50.7M |
| Stockholders Equity | 64.7M | 46.2M | 47.2M | 50.7M |
| Total Equity Gross Minority Interest | 64.7M | 46.2M | 47.2M | 50.7M |
| Total Capitalization | 94.2M | 78.5M | 82.3M | 74.8M |
| Net Tangible Assets | 63.8M | 41.4M | 42.6M | 46.1M |
| Tangible Book Value | 63.8M | 41.4M | 42.6M | 46.1M |
| Working Capital | 15.5M | 14.8M | 15.9M | 9.5M |
| Invested Capital | 102.9M | 87.2M | 90.9M | 96.2M |
| Total Debt | 48.3M | 48.5M | 48.4M | 49.9M |
| Net Debt | 31.2M | 37.5M | 40.8M | 43.6M |
| Share Issued | 576.7M | 409.0M | 404.7M | 403.7M |
| Ordinary Shares Number | 576.7M | 409.0M | 404.7M | 403.7M |
| Allowance For Doubtful Accounts Receivable | -1.7M | -1.8M | -- | -- |
| Buildings And Improvements | 50.0M | 50.0M | 49.9M | 49.5M |
| Capital Lease Obligations | 10.1M | 7.6M | 4.7M | 4.4M |
| Construction In Progress | 10.6M | 3.4M | 2.5M | 652,000 |
| Current Capital Lease Obligation | 1.9M | 1.5M | 868,000 | 732,000 |
| Finished Goods | 6.1M | 7.2M | 6.6M | 7.7M |
| Gross Accounts Receivable | 13.4M | 15.2M | 16.4M | 12.7M |
| Inventories Adjustments Allowances | -1.7M | -1.7M | -- | -- |
| Land And Improvements | 3.8M | 3.8M | 3.8M | 3.8M |
| Leases | 11.5M | 5.6M | 5.9M | 6.2M |
| Machinery Furniture Equipment | 2.1M | 2.2M | 2.5M | 2.1M |
| Minimum Pension Liabilities | 16.2M | 12.6M | 11.8M | 9.0M |
| Non Current Accounts Receivable | -- | 62,000 | 164,000 | 259,000 |
| Non Current Prepaid Assets | 5.7M | 2.9M | 3.8M | 2.2M |
| Other Current Borrowings | 8.8M | 8.6M | 8.7M | 21.4M |
| Other Equity Interest | -- | 3.7M | 4.3M | 6.2M |
| Other Inventories | 1.5M | 1.9M | 2.4M | 2.5M |
| Other Properties | 20.1M | 14.1M | 9.9M | 8.0M |
| Other Receivables | 62,000 | 101,000 | 96,000 | 90,000 |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| Raw Materials | 37.3M | 43.2M | 34.0M | 22.6M |
| Taxes Receivable | 91,000 | 234,000 | 252,000 | 188,000 |
| Work In Process | -- | 0.00 | 4.8M | 4.4M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | 4.0M | 6.6M | 8.3M | -17.1M |
| Cash Flow From Continuing Operating Activities | 2.3M | 8.2M | 8.3M | -17.1M |
| Depreciation And Amortization | 5.0M | 2.5M | 3.7M | 3.7M |
| Depreciation Amortization Depletion | 5.0M | 2.5M | 3.7M | 3.7M |
| Stock Based Compensation | -877,000 | 1.4M | 1.8M | 2.4M |
| Change In Working Capital | -6.0M | -4.4M | -1.2M | -15.8M |
| Changes In Account Receivables | 2.5M | 2.9M | -3.8M | -- |
| Change In Receivables | 2.5M | 2.9M | -3.8M | -- |
| Change In Inventory | 3.3M | -9.1M | -17.3M | -- |
| Change In Payables And Accrued Expense | -7.8M | -273,000 | 19.0M | -- |
| Change In Other Working Capital | -- | 22,000 | -- | -- |
| Change In Other Current Assets | -2.4M | -382,000 | 815,000 | -- |
| Change In Other Current Liabilities | -1.6M | 2.3M | 0.00 | -- |
| Other Non Cash Items | 9.5M | 13.4M | 10.8M | -9.2M |
| Capital Expenditure | -1.0M | -2.2M | -3.8M | -3.2M |
| Purchase Of PPE | -772,000 | -2.0M | -3.8M | -3.0M |
| Net PPE Purchase And Sale | 1.3M | -2.0M | -3.7M | -3.0M |
| Sale Of Business | 177,000 | 0.00 | -- | -- |
| Sale Of Investment | -- | -- | 0.00 | 240,000 |
| Net Investment Purchase And Sale | -- | -- | 0.00 | 240,000 |
| Investing Cash Flow | 1.2M | -2.1M | -3.8M | -3.2M |
| Cash Flow From Continuing Investing Activities | 1.3M | -2.1M | -3.8M | -3.2M |
| Issuance Of Debt | 0.00 | 532,000 | 38.5M | 10.1M |
| Repayment Of Debt | -4.6M | -4.4M | -41.8M | -4.9M |
| Net Issuance Payments Of Debt | -4.6M | -3.8M | -3.3M | 5.2M |
| Issuance Of Capital Stock | -- | -- | 0.00 | 15.0M |
| Net Common Stock Issuance | -- | -- | 0.00 | 15.0M |
| Financing Cash Flow | -1.7M | -3.9M | -3.4M | 18.5M |
| Cash Flow From Continuing Financing Activities | -1.6M | -3.6M | -3.4M | 18.5M |
| Changes In Cash | 3.5M | 515,000 | 1.0M | -1.9M |
| Beginning Cash Position | 3.5M | 3.0M | 1.9M | 3.8M |
| End Cash Position | 7.0M | 3.5M | 3.0M | 1.9M |
| Free Cash Flow | 3.0M | 4.4M | 4.4M | -20.4M |
| Cash From Discontinued Financing Activities | -51,000 | -358,000 | -- | -- |
| Cash From Discontinued Investing Activities | -89,000 | 0.00 | -- | -- |
| Cash From Discontinued Operating Activities | 1.7M | -1.6M | -- | -- |
| Common Stock Issuance | -- | -- | 0.00 | 15.0M |
| Gain Loss On Sale Of Business | -16.0M | 0.00 | -- | -- |
| Gain Loss On Sale Of PPE | -- | 0.00 | 81,000 | 34,000 |
| Interest Paid Cfo | -2.9M | -2.7M | -2.4M | -- |
| Long Term Debt Issuance | 0.00 | 532,000 | 38.5M | 10.1M |
| Long Term Debt Payments | -4.6M | -4.4M | -41.8M | -4.9M |
| Net Business Purchase And Sale | 177,000 | 0.00 | -- | -- |
| Net Income From Continuing Operations | 13.6M | -1.9M | -4.5M | 1.7M |
| Net Intangibles Purchase And Sale | -239,000 | -129,000 | -36,000 | -283,000 |
| Net Long Term Debt Issuance | -4.6M | -3.8M | -3.3M | 5.2M |
| Net Other Financing Charges | -219,000 | -87,000 | -134,000 | -2.0M |
| Net Other Investing Changes | -- | 22,000 | 11,000 | -222,000 |
| Operating Gains Losses | -16.0M | -- | 81,000 | 34,000 |
| Proceeds From Stock Option Exercised | 3.2M | 356,000 | 1,000 | 272,000 |
| Purchase Of Intangibles | -239,000 | -129,000 | -36,000 | -283,000 |
| Sale Of PPE | 2.1M | 0.00 | 47,000 | 0.00 |