Boycott Decibel

Micahchoo

420 Member
Boycott Decibel. Their poor treatment of employees and their gross incompetence in their Thunderchild location deserves acknowledgement.
 
Boycott Decibel. Their poor treatment of employees and their gross incompetence in their Thunderchild location deserves acknowledgement.
Micahchoo, I'm confused, which often happens to me.

Isn't a decibel a measurement of sound...? And Thunderchild, is that some type of strain, if so, where can I find a seed.

This is a marijuana chat page you know.
 
They seem to be taking the money in.
 
Boycott Decibel. Their poor treatment of employees and their gross incompetence in their Thunderchild location deserves acknowledgement.

Want to provide some specific examples, so that people don't end up thinking you're merely some kind of disgruntled ex-employee?
 
After an endless chain of failed harvests, due to poor management, lack of experience, and no training for staff. They laid off 2/3 of the workers (management all kept there jobs) with a pretend back to work date. 2 mos. Later they rescinded.
This is after many, many instances of wrongful dismissals and bullying by management.
 
So the people who were hired to grow the crops failed to do so? And cowardly management told them they were being laid off instead of fired? Yeah, those chickensh!ts should have been fired, too, lol. Especially because, if you state that you are merely laying someone off instead of firing them for incompetence, it can come back to bite you when you then hire people who can and will do the job.

Come to think of it, considering the money in even a halfway decent commercial cannabis operation, the management should have been fired for gross negligence for hiring untrained/unskilled people in the first place. It's not that difficult to find a set of gardeners, FFS - you just stop being so greedy and offer a wage that's higher than that of the kid who is mowing your lawn.
 
Hired to perform tasks directed by management. Not allowed to question or even comment on their procedures. 2 min of training. It was not the workers fault. It was poor management by people who had no idea how to grow.
 
Can't really boycott them, because it appears they haven't produced anything yet. I'd be pissed if I was an investor!!!!

I assumed the person meant that he(?) would like everyone to boycott the entire corporation. Which, apparently, has produced a good bit of product - because, on May 25, it reported:

Decibel said:
Decibel Announces First Quarter Results with Record Net Revenue and Adjusted EBITDA
Posted on May 25, 2022

CALGARY, ALBERTA – May 25, 2022 –Decibel Cannabis Company Inc. (the “Company” or “Decibel”) (TSX-V: DB) (OTCQB: DBCCF), a premium cannabis producer, is pleased to announce its first quarter financial results for the three month period ending March 31, 2022.

“Decibel remains on track to achieve its previously communicated targets, which is a testament to the focus on our strategic plan, and particularly our New, Unique and Innovative products and dedication to our customers”, said Paul Wilson, CEO of Decibel. “We see momentum growing in our core business, and at the same time are driving towards creating shareholder value by restructuring our balance sheet. This makes Decibel one of the few in the cannabis space to repay convertible debentures rather than accept shareholder dilution.”

Key Financial Highlights – First Quarter

Record Net Revenue:
$16.7 million of total net sales in Q1 2022, with strong growth of 19% over Q4 2021 and 32% over Q1 2021. Net revenue growth was driven by the launch of Decibel’s new infused pre-roll lines and continued growth in demand for flower, vape and concentrate products, despite Q1 historically being a seasonally weak period.
Gross Margin Before Fair Value Adjustments: 35% in Q1 2022, compared to 26% in Q4 2021 and 39% in Q1 2021. The Company has a number of initiatives and capital investments in progress and expects to be successful achieving the targeted 40 – 45% gross margin by the second half of 2022.
Positive Adj. EBITDA: Record $2.5 million of adjusted EBITDA in Q1 2022, with strong growth of 70% over Q4 2021 and 21% over Q1 2021. This marks Decibel’s seventh consecutive quarter of positive adjusted EBITDA.
Derivative Sales: $10.3 million of net sales in Q1 2022, with strong growth of 50% over Q4 2021 and 85% over Q1 2021. Sales growth was driven by increased demand for vape and concentrate products, as well as the launch of a new infused pre-roll line in late Q4 2021 and early Q1 2022.
Flower Sales: $4.2 million of net sales in Q1 2022, with an 8% decline over Q4 2021 and 10% growth over Q1 2021. The Company anticipates that the infrastructure upgrades to its cultivation facilities focusing on enhanced quality, will reinvigorate growth within its flower sales. Sales growth over Q1 2021 was driven by increased volumes from the Thunderchild facility becoming operational.
Record Market Share: 4.3% in April 2022, marking the sixth consecutive month of record market share.
Cash Flow & Working Capital: Cash flow from operations was $3.0 million in Q1 2022, an improvement of $8 million over Q4 2021 and $6 million over Q1 2021. In Q4 2021, the Company made significant investments in working capital to meet the growing demand for Decibel brands and products and mitigate against supply chain risks. The Company anticipates reduced working capital needs in 2022 and is seeing improvements in its supply chain. The Company has identified various initiatives and capital investments to accelerate cash flow generation and manage working capital levels that are expected to support Q2 2022 onwards.
Capital Projects: In Q1 2022, the Company made the following progress on its capital projects:
The Plant: Completed Phase 1 of its processing hub expansion at The Plant and received its Health Canada license May 2, 2022. This area will include newly automated processing and packaging lines for dried flower, pre-roll, and infused products accompanied by reduced labour and logistics costs.​
Creston Facility: Completed its infrastructure optimization project which will have an immediate impact on all new harvests, further enhancing product quality and contributing to higher yields.​
Thunderchild Cultivation Facility: Accelerated its staged infrastructure optimization to better meet growing demand for Decibel products and enhance product quality and yields. Production volumes are expected to be partially impacted in starting in Q2 2022 and resuming full run-rate production by the start of Q4 2022.​
Repayment of Convertible Debentures: On May 11, 2022, the Company repaid its 9.5% convertible debentures with the draw-down of a fixed 4.75% $12 million term loan from its credit facilities. This extends the maturity date of Decibel’s $12 million of debt by 4 years, removes approximately 6% of potential shareholder dilution, and results in $0.6 million of annual interest expense savings.
New Product Launches: The Company continued its launch of new, unique and innovative products in 2022, including cultivar rotations, expanded infused products into new provinces, the entry of General Admission into the core flower segment, and additional vape line extensions:
Introduced Qwest’s new cultivars, with Frosted Cherry Cookies and Icicle launched in May, selling out in the first two weeks.​
Expanded distribution of infused pre-rolls:​
Kief-coated terpene infused pre-rolls into ON.​
Distillate infused pre-rolls into BC, SK, and ON.​
Diamond infused pre-rolls into BC, SK, and ON.​
Hash infused pre-rolls into AB and ON.​
Launched General Admission’s first flower product offering with strong demand early on, representing $950k of net sales in Q1.​
Launched Orange Tingz (live resin), Peach Ringz (distillate), and Honeydew Boba (distillate) vapes.​

So definitely plenty of products that a person could refuse to buy.

Hired to perform tasks directed by management. Not allowed to question or even comment on their procedures. 2 min of training. It was not the workers fault. It was poor management by people who had no idea how to grow.

There might be something to what you're stating, IDK. How long had you worked there, after your two-minute training session, before you were told that your services were no longer required? Were the procedures you mentioned something involving, say... some sort of exotic or rare device that required suspension of common sense in order to operate properly? If so, yes, you should have been given actual chaperoned hands-on training, lengthy enough to ensure that you went through all the not normal cannabis gardening procedures at least once each.

If, on the other hand, it's a question of your direct boss simply being a f*ck-up who gave you bad orders... Yes, that person would still be at fault. However, I am not a big fan of that whole "malicious compliance" thing that seems to be popular today. Sure, it provides some fast/easy entertainment value for the person(s) involved in it. But it's not exactly a great long-term employment strategy, much of the time. For example, if the boss tells you to cut all the flowers off the plants - and you do, but then get fired when the facility has no product to market, you get fired, contact the CEO, explain what happened, he fires the person who was your direct boss - but you're still without a job, plus the person in charge of the company thinks you're an idiot (and, depending on circumstances, might tell his secretary to circulate a memo warning the people in HR not to ever hire you again for any job). On the other hand: You're told to do something moronic, you realize it'll harm the plants because, well, you have at least ten functioning brain cells, so you quietly refuse (and note in your daily journal what the exact sequence of events was, of course, for possible future reference at a hearing)... the plants continue to be as healthy as plants generally are, produce a great harvest, everyone is happy about that - but your boss discovers that you'd completely ignored his orders. You get fired for insubordination. You contact the CEO of the company, provide documentation of what happened, strongly advise the person to pay close attention to the next crop (and to the idiot manager) so that the company does not lose it and, therefore, lose a significant amount of money. Also mention that, other than being forced to interact with the idiot, you really enjoyed your time at the company and would love to work there again... if/when they fired the destructive manager. There's at least a possibility you'd get your job back. If there aren't 10,000 employees, it might be a pretty good chance. If your warning/prediction vis-à-vis the next crop ends up being like you predicted - and assuming you're at least minimally qualified for the position - you could even get a shot at the (now former) manager's job.

<SHRUGS> Assuming the entire division wasn't set up to fail. Which is somewhat rare these days, outside of the oil & gas industry.
 
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