TCNNF vs. DB.V

Last updated Apr 1, 2026

Compare and contrast key facts about Trulieve Cannabis Corp (TCNNF) and Decibel Cannabis Company Inc (DB.V).

Performance

TCNNF vs. DB.V - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Trulieve Cannabis Corp (TCNNF) and Decibel Cannabis Company Inc (DB.V). The values are adjusted to include any dividend payments, if applicable.

TCNNF vs. DB.V - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
TCNNF Trulieve Cannabis Corp	-35.56%	67.65%	-0.51%	-31.18%	-70.90%	-17.74%	167.07%	42.47%
DB.V Decibel Cannabis Company Inc	21.16%	64.67%	-50.41%	32.96%	-35.65%	108.67%	-64.30%	-52.31%

Different Trading Currencies

TCNNF is traded in USD, while DB.V is traded in CAD. To make them comparable, the DB.V values have been converted to USD using the latest available exchange rates.

Fundamentals

Market Cap TCNNF : $1.07B DB.V : CA$77.88M
EPS TCNNF : -$0.61 DB.V : CA$0.01
PS Ratio TCNNF : 0.90 DB.V : 0.71
PB Ratio TCNNF : 0.93 DB.V : 1.22
Total Revenue (TTM) TCNNF : $1.19B DB.V : CA$109.31M
Gross Profit (TTM) TCNNF : $683.99M DB.V : CA$39.86M

Returns By Period

In the year-to-date period, TCNNF achieves a -35.56% return, which is significantly lower than DB.V's 21.16% return.

TCNNF

• 1D: 10.45%
• 1M: -12.36%
• YTD: -35.56%
• 6M: -30.52%
• 1Y: 45.08%
• 3Y*: 0.06%
• 5Y*: -34.15%
• 10Y*: —

DB.V

• 1D: 8.11%
• 1M: 26.18%
• YTD: 21.16%
• 6M: 0.12%
• 1Y: 114.88%
• 3Y*: -0.93%
• 5Y*: -5.89%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

TCNNF vs. DB.V — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TCNNF

TCNNF Risk / Return Rank: 62
TCNNF Sharpe Ratio Rank: 55
TCNNF Sortino Ratio Rank: 71
TCNNF Omega Ratio Rank: 64
TCNNF Calmar Ratio Rank: 60
TCNNF Martin Ratio Rank: 58

DB.V

DB.V Risk / Return Rank: 81
DB.V Sharpe Ratio Rank: 82
DB.V Sortino Ratio Rank: 80
DB.V Omega Ratio Rank: 79
DB.V Calmar Ratio Rank: 84
DB.V Martin Ratio Rank: 81

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TCNNF vs. DB.V - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Trulieve Cannabis Corp (TCNNF) and Decibel Cannabis Company Inc (DB.V). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	TCNNF	DB.V	Difference
Sharpe ratio Return per unit of total volatility	0.39	1.46	-1.08
Sortino ratio Return per unit of downside risk	1.65	2.19	-0.54
Omega ratio Gain probability vs. loss probability	1.19	1.28	-0.09
Calmar ratio Return relative to maximum drawdown	0.82	3.09	-2.27
Martin ratio Return relative to average drawdown	1.74	6.90	-5.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TCNNF vs. DB.V - Sharpe Ratio Comparison

The current TCNNF Sharpe Ratio is 0.39, which is lower than the DB.V Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of TCNNF and DB.V, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TCNNF	DB.V	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.39	1.46	-1.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.40	-0.07	-0.33
Sharpe Ratio (All Time) Calculated using the full available price history	-0.10	-0.17	+0.07

Correlation

The correlation between TCNNF and DB.V is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

TCNNF vs. DB.V - Dividend Comparison

Neither TCNNF nor DB.V has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

TCNNF vs. DB.V - Drawdown Comparison

The maximum TCNNF drawdown since its inception was -93.88%, roughly equal to the maximum DB.V drawdown of -92.15%. Use the drawdown chart below to compare losses from any high point for TCNNF and DB.V.

Drawdown Indicators

	TCNNF	DB.V	Difference
Max Drawdown Largest peak-to-trough decline	-93.88%	-91.84%	-2.04%
Max Drawdown (1Y) Largest decline over 1 year	-54.42%	-37.93%	-16.49%
Max Drawdown (5Y) Largest decline over 5 years	-92.86%	-88.73%	-4.13%
Current Drawdown Current decline from peak	-89.39%	-72.45%	-16.94%
Average Drawdown Average peak-to-trough decline	-60.62%	-73.51%	+12.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.66%	16.97%	+8.69%

Volatility

TCNNF vs. DB.V - Volatility Comparison

The current volatility for Trulieve Cannabis Corp (TCNNF) is 21.16%, while Decibel Cannabis Company Inc (DB.V) has a volatility of 25.32%. This indicates that TCNNF experiences smaller price fluctuations and is considered to be less risky than DB.V based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TCNNF	DB.V	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.16%	25.32%	-4.16%
Volatility (6M) Calculated over the trailing 6-month period	83.01%	53.59%	+29.42%
Volatility (1Y) Calculated over the trailing 1-year period	117.47%	78.94%	+38.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	86.12%	88.97%	-2.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.29%	96.91%	-15.62%

Financials

TCNNF vs. DB.V - Profitability Comparison

The chart below illustrates the profitability comparison between Trulieve Cannabis Corp and Decibel Cannabis Company Inc over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

TCNNF - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Trulieve Cannabis Corp reported a gross profit of 147.98M and revenue of 297.65M. Therefore, the gross margin over that period was 49.7%.

DB.V - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Decibel Cannabis Company Inc reported a gross profit of 10.26M and revenue of 32.91M. Therefore, the gross margin over that period was 31.2%.

TCNNF - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Trulieve Cannabis Corp reported an operating income of 21.72M and revenue of 297.65M, resulting in an operating margin of 7.3%.

DB.V - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Decibel Cannabis Company Inc reported an operating income of -893.00K and revenue of 32.91M, resulting in an operating margin of -2.7%.

TCNNF - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Trulieve Cannabis Corp reported a net income of -43.56M and revenue of 297.65M, resulting in a net margin of -14.6%.

DB.V - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Decibel Cannabis Company Inc reported a net income of -1.34M and revenue of 32.91M, resulting in a net margin of -4.1%.