Decibel Cannabis Company Inc. ( (TSXV: DB) (OTCQB: DBCCF) has received a certification to start shipping its weed products internationally.
On Wednesday, the cannabis producer announced it received the CUMCS equivalency IMC-G.A.P certification to enable international sales channels in Israel and anticipated the initial export to occur during the second half of 2022.
The company will need to maintain its certification by continuing to comply with the international regulations on an ongoing basis.
Decibel owns the brands Qwest and Qwest Reserve which are grown at Decibel’s licensed and operating 26,000 square foot cultivation space. It also owns the brand Blendcraft.
Company stock went up 11.11 per cent Wednesday to $0.10 on the Canadian Ventures Exchange.
Decibel CEO Paul Wilson said in a statement that this is a very important milestone for the outlook of the company as this certification unlocks untapped markets.
“The opportunity allows the company to provide its high-quality craft cannabis products internationally, while also setting the stage for the Decibel brands to develop international recognition and additional consumer exposure,” Wilson said.
CRO Adam Coates said that after a number of ongoing conversations the company is well aware of the international demand for its cannabis products,
“As global cannabis markets expand, we’ve seen a clear demand for higher quality than what is currently available. Decibel is well-positioned to deliver on this growing demand for premium cannabis outside of Canada,” Coates added.