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BE DECIBEL CANNABIS COMPANY Decibel Reports Second Quarter 2026 Results : Revenue Grows 19 % YoY to Record $ 36 Million , Raises Full Year Outlook , Announces 15 : 1 Share Consolidation and Anticipated Normal Course Issuer Bid CALGARY , AB , Aug. 20 , 2026 / CNW / -- Decibel Cannabis Company Inc. ( the " Company " or " Decibel " ) ( TSXV : DB ) ( OTCQB : DBCCF ) , a leading Canadian branded cannabis company with a growing international platform , today announced its financial results for the three and six month periods ended June 30 , 2026 . " Q2 was a record quarter across the business , with revenues up 19 % to $ 36 million , international sales up 72 % to a record $ 10.6 million and record adjusted EBITDA and free cash flow . This performance reflects the momentum we highlighted last quarter translating into results and gives us the confidence to raise our full year outlook , move forward with the share consolidation and work towards our anticipated NCIB . With a stronger balance sheet and records across nearly every metric , we're heading into the second half of the year from a position of strength . " Benjamin Sze - Chief Executive Officer . Q2 2026 Highlights • Record Net Revenue of $ 35.6 million , growth of 19 % year over year • Record International Sales of $ 10.6 million , growth of 72 % year over year • Record Adjusted EBITDA ( 1 ) of $ 7.8 million , growth of 24 % year over year • Record Free Cash Flow ( 1 ) of $ 4.9 million , growth of 122 % year over year FY 2026 Outlook ( 2 ) Decibel is increasing its previously issued 2026 full year guidance : • Net Revenue of $ 132 to $ 137 million , from the previously issued range of $ 130 to $ 135 million Adjusted EBITDA of $ 28 to $ 32 million , from the previously issued range of $ 27 to $ 31 million • Notes : 1 Non - GAAP financial measure . Refer to " Cautionary Statements - Non - GAAP Measures " for further details . 2 The Company's outlook makes numerous assumptions . Assumptions used for the purposes of outlook may prove to be incorrect and actual results may differ from those anticipated . Refer to " Cautionary Statements - Preliminary Financial Information " for further details . International Update Decibel's international sales grew 72 % year over year to $ 10.6 million , realizing the initial impacts of the anticipated growth from improved German permit timelines . Decibel expects to experience growth through the balance of the year as the Company converts its existing backlog to revenue . AgMedica's EU GMP certified platform continues to perform well above the original underwriting case , validating the international strategy underpinning the acquisition . We continue to believe international sales are positioned for significantly high double - digit growth through 2026 , supported by the following Q2 2026 milestones : • Received reorders for GMP - extracted product to be delivered into the Germany market • Added multiple SKU's of finished vapes for customers in the UK market • 16+ international customers with executed supply agreements • 50+ GACP cultivators onboarded with executed supply agreements • 60 tons per annum of flower processing capacity at ~ 34 % utilization based on Q2 2026 results • Expanding production of EU GMP extracts to meet growing demand , allowing for ease of access into vapes and oils , with ongoing shipments into multiple countries Domestic Update Decibel's domestic sales continued to grow at 6 % year over year , driven by strong continued performance of the new Standard Issue brand and the strength of General Admission's refreshed product portfolio . Management continues to see opportunities to expand the Company's offering across all three core brands and increase overall market coverage . The Company reaffirms expectations that domestic sales are positioned for high single - digit growth through 2026 , supported by the following Q2 2026 milestones : • Overall market share in Q2 2026 stayed relatively flat at 4.3 % based on HiFyre data • General Admission remains the # 1 Infused Pre - Roll brand and Decibel is the # 3 pre - roll LP overall , heading into peak seasonality for the segment • Standard Issue has continued to grow since launch , now 6th overall in the vape category ( 2.9 % share ) and 7th overall in Infused Pre - Roll ( 2.8 % ) share based on HiFyre data • Decibel remains the # 4 LP in the vape category overall with YTD market share growth of 0.9pts . General Admission holds the # 2 position in the fastest growing segments of liquid diamonds in both 510 and AIO's , while Standard Issue holds the # 2 position in the distillate 1g 510 segment Share Consolidation As previously approved by the Company's shareholders at the Company's last annual and special meeting held on December 11 , 2025 , the Company is announcing that it is arranging a share consolidation of its issued and outstanding share capital on a basis of one ( 1 ) post - consolidated common share in the capital of the Company ( each , a " Common Share " ) for each fifteen ( 15 ) pre - consolidated Common Shares ( the " Share Consolidation " ) . No fractional Common Shares will be issued , with any fraction of a Common Share being rounded down to the nearest whole number . The board of directors of the Company ( the " Board " ) believes that the Share Consolidation will increase the share price , thereby enhancing the Company's market image and making its Common Shares more attractive to institutional and other investors . A higher Common Share price is also expected to reduce volatility and improve trading liquidity . In addition , the Board anticipates that the Share Consolidation will strengthen the Company's ability to attract and retain employees and service providers . Overall , the Share Consolidation is intended to build market confidence , broaden the investor base , and reflects consistent feedback received from shareholders . As a result of the Share Consolidation the number of issued and outstanding Common Shares of the Company will be reduced from 577,043,267 pre - consolidation Common Shares to approximately 38,469,551 post - consolidation Common Shares , subject to adjustments for rounding . The Company's registered shareholders holding their Common Shares in certificated form or whose Common Shares are represented by a direct registration advice ( " DRS " ) statement will receive a letter of transmittal from Odyssey Trust Company ( " Odyssey " ) , the Company's registrar and transfer agent , in respect to the Share Consolidation , which each registered shareholder will need to sign and complete . The letter of transmittal will contain instructions to such registered shareholders on how to surrender the certificates representing their pre - consolidation Common Shares and authorize Odyssey to issue a DRS representing their post - consolidation Common Shares . A copy of the letter of transmittal will be available under the Company's profile on SEDAR + ( www.sedarplus.ca ) and additional copies of the letter of transmittal may be obtained from Odyssey at the office listed below . Any questions should be directed Odyssey by e - mail to