Decibel Cannabis Company Inc. (DB) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. My name is Morgan, and I will be your conference operator today. At this time, I would like to welcome everyone to the Decibel Cannabis fourth quarter investor conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star, then the number one on your telephone keypad. I would now like to introduce Stuart Boucher. CFO, sir, the floor is yours. Good morning, and thanks all for joining Decibel's fourth quarter 2025 financial results conference call. With me today is Ben Z, our chief executive officer. We'll take questions following the prepared remarks. Our fourth quarter earnings press release was issued this morning with all materials available on our website and on CDAR Plus under the company profile. Today's discussion includes forward-looking statements and financial outlook information within the meaning of Canadian securities legislation. Such statements are based on our current expectations and information. These statements involve risks and uncertainties, many of which are beyond the company's control. Decibel disclaims any duty to update forward-looking statements except as required by law. Please review our disclaimers and risk factors in today's press release and in our MD&A for the period ending December 31st, 2025. That contains additional information and a description of risks that may result in actual results differing materially from those contemplated by our forward-looking statements. We will present results on both a GAAP and non-GAAP basis. Non-GAAP measures like adjusted EBITDA and free cash flow and their GAAP reconciliations are detailed in our Q4 earnings release, a...