Why is the market valuing Decibel at less than 2× our projected 2027 EBITDA?

We sat down with Benjamin Sze, CEO of Decibel Cannabis Company, following the company's latest quarterly results.

In this 11-minute conversation, we discuss:

• Q2 revenue and EBITDA
• Domestic growth and market-share gains
• International expansion • EU-GMP processing
• 50 cultivator customers and 16 overseas distributors
• Free cash flow generation
• Raised 2026 guidance
• The company's strategic value in a consolidating industry

Our latest report rates Decibel Overweight.

Our CY27 estimates imply 0.5× sales and 1.8× EBITDA.

And while Zuanic & Associates does not publish price targets, our analysis shows that applying a 10× EBITDA multiple to our projected 2027 EBITDA woul ...