Decibel Cannabis Company Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was CAD 28.51 million compared to CAD 16.99 million a year ago. Revenue was CAD 18.32 million compared to CAD 13.37 million a year ago. Net income was CAD 5.17 million compared to net loss of CAD 0.913 million a year ago. Basic earnings per share from continuing operations was CAD 0.01. Diluted earnings per share from continuing operations was CAD 0.01.
For the nine months, sales was CAD 78.6 million compared to CAD 48.15 million a year ago. Revenue was CAD 53.53 million compared to CAD 38.44 million a year ago. Net loss was CAD 1.32 million compared to net income of CAD 1.09 million a year ago.