- Decibel (DB) has delivered its first shipment of Qwest dried flower to Breath of Life International for sale in the Israel market
- This marks the company’s first international shipment and revenue generation
- The first shipment includes four Qwest strains: Icicle, Frosted Cherry Cookies, Sour Strawberry x Trophy Wife and Apple Mac
- Decibel focuses on the production, distribution, and sale of recreational cannabis
- Decibel Cannabis Company Inc. (DB) is up 5.56 per cent, trading at C$0.095 per share at 1:11 pm ET
Decibel (DB) has delivered its first shipment of Qwest dried flower to Breath of Life International for sale in the Israel market.
This marks the company’s first international shipment and revenue generation.
Adam Coates, Chief Revenue Officer of Decibel, commented on the news.
“This shipment is our first step of many into the international cannabis markets. The Qwest brand has built a reputation in Canada as a favourite for consumers with the highest quality craft cannabis products. As international cannabis markets expand, the demand for more premium products, like Qwest, will be at the forefront of growth. Decibel is well positioned to take a leadership position in this category.”
Highlights:
- $4.8 million supply and trademark license agreement signed with Breath of Life to launch the Qwest brand in Israel
- The first shipment includes four Qwest strains: Icicle, Frosted Cherry Cookies, Sour Strawberry x Trophy Wife and Apple Mac
- The company expects a second shipment to Israel in late Q4 2022 or early Q1 2023 as a result of strong pre-sales of the first shipment
- The second shipment may include the introduction of two new Qwest cultivars: Terpee Slerpee and Grape Cream Cake
Decibel focuses on the production, distribution, and sale of recreational cannabis. The company’s revenue comprises wholesale sales of both products and services through its production facilities to distributors and licensed cannabis producers. It also sells its products directly to end customers through its retail locations.
Decibel Cannabis Company Inc. (DB) is up 5.56 per cent, trading at C$0.095 per share at 1:11 pm ET.