Decibel Cannabis Company (DB) Investor presentation summary

Strategic overview

• Focused on building a global cannabis company through operational excellence, dominant brands, and a certified global supply chain.

• Leading Canadian manufacturer of ready-to-consume cannabis formats, with over $250MM in annual retail sales and presence in 3,100+ stores across 10 provinces and 2 territories.

• International segment achieved 484% growth in 2025, with foundation for high double-digit growth in 2026 and scalable processing capacity.

• Products sold in 9 countries, with six product lines including flower, pre-rolls, vapes, infused, edibles, and oils.

• Market leader in ready-to-consume formats and a preferred route to fast-growing global cannabis markets.

Financial performance

• Net revenue reached $113 million in 2025, with $89 million from domestic sales and $24 million from international sales.

• Adjusted EBITDA for 2025 was $23 million, reflecting a strong profitability track record.

• Gross margin before fair value adjustments improved to 51% in Q1 2026, with a 21% revenue CAGR from 2021 to 2025.

• Adjusted EBITDA margin reached 21% in 2025, with a 33% CAGR from 2021 to 2025.

• Five consecutive years of positive adjusted net income, with $12.9 million in 2025.

Market positioning and growth drivers

• Canadian market remains critical, offering a stable regulatory framework and serving as a conduit to international markets.

• Domestic sales stabilized in 2025, with growth expected in 2026 driven by new product launches and expanded distribution.

• International segment benefits from EU GMP certifications, enabling exports to high-growth markets like Germany and the UK.

• Processing capacity of 60 tons per year, expandable to 120 tons, with only 30% utilization as of Q1 2026.

• Anticipates high double-digit international growth and high single-digit domestic growth in 2026.