Decibel Cannabis Company Inc. (CVE:DB – Free Report) – Investment analysts at Echelon Wealth Partners reduced their FY2024 earnings per share (EPS) estimates for shares of Decibel Cannabis in a note issued to investors on Tuesday, April 30th. Echelon Wealth Partners analyst A. Semple now expects that the company will post earnings of $0.02 per share for the year, down from their previous forecast of $0.04. The consensus estimate for Decibel Cannabis’ current full-year earnings is $0.04 per share.
Decibel Cannabis Stock Down 8.0 %
CVE:DB opened at C$0.12 on Friday. Decibel Cannabis has a 12 month low of C$0.10 and a 12 month high of C$0.19. The stock has a market capitalization of C$47.04 million, a price-to-earnings ratio of -11.50 and a beta of 1.04. The company has a fifty day simple moving average of C$0.12.
About Decibel Cannabis
Decibel Cannabis Company Inc, an integrated cannabis company, engages in the cannabis cultivation, processing, and sale of cannabis flower products in Canada. It is also involved in the extraction, processing, and manufacturing vape cartridges and glass tube packaging for pre-rolls. In addition, the company engages in the cannabis retail business through operating operational retail locations in Saskatchewan, as well as an e-commerce cannabis platform throughout the Province of Saskatchewan; and operational retail locations in Alberta.
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