Rubicon Organics Stock Price, News & Analysis

Rubicon Organics (OTCQX: ROMJF) announced a Cannabis Purchase and Sale Agreement with Yukon Liquor Corporation to distribute its organic cannabis products in Yukon. The company received its first purchase order and expects to ship in April 2021. This deal allows Simply Bare Organic products to reach more than 90% of the Canadian population, enhancing Rubicon's geographic presence. Additionally, Rubicon granted 2,540,000 restricted share units and 79,000 stock options to executives and employees as part of its equity incentive plan.

Rubicon Organics reported a strong Q4 2020 with $4.8 million in net revenue, a significant 51% increase over the previous quarter. The company achieved $9.4 million in total revenue for its first year, driven by new product launches and expanded distribution. However, it posted a net loss of $5.0 million for Q4. The company aims for positive cash flow and improved profitability in 2021, while facing challenges from decreased demand due to external factors. Rubicon remains confident in its premium market strategy and expects to refinance some debt within favorable terms.

Rubicon Organics (TSXV: ROMJ) (OTCQX: ROMJF) announced the full repayment of its $5 million mortgage on the Delta facility, funded by a recent $23 million equity financing. The company will pursue long-term refinancing for remaining debt at better terms. CEO Jesse McConnell emphasized that this financing has minimized shareholder dilution during operational ramp-up and aims to enhance shareholder value through strategic capital allocation.

Rubicon Organics (OTCQX: ROMJF) announced purchase orders for Wildflower CBD Relief and Cool Sticks across Ontario, British Columbia, Alberta, and Saskatchewan, set to launch in early April 2021. This move follows a brand licensing agreement with Wildflower Brands Inc., enabling Rubicon to manufacture and distribute these popular products in Canada. CEO Jesse McConnell highlighted the increasing demand for non-psychoactive cannabis topicals as a contributing factor to enhanced profitability for Rubicon. The company aims to strengthen its position as a global leader in organic cannabis products.

Rubicon Organics Inc. (OTCQX: ROMJF) will report its Q4 2020 financial results on April 6, 2021, before market open. The company will host a conference call at 7:00 AM PT / 10:00 AM ET to discuss these results. Interested parties can join via local dial-in at (833) 900-2238 or international dial-in at (647) 689-5136. The conference ID is 3998408. Rubicon Organics focuses on organic cannabis products from its Delta, BC greenhouse, aiming for industry-leading profitability through innovative branding and cannabis products.

Rubicon Organics Inc. (OTCQX: ROMJF) announced a partnership with The Valens Company for organic certified extraction services. This collaboration aims to enhance Rubicon's organic certified cannabis product line and accelerate the launch of its innovation pipeline. CEO Jesse McConnell emphasized the importance of this agreement in boosting their position in the premium cannabis market, aligning with their objective to achieve industry-leading profitability while focusing on sustainable practices and brand development.

Rubicon Organics (OTCQX: ROMJF) announced significant market share milestones for its Simply Bare™ Organic brand in Q4 2020. The brand achieved top rankings in key Canadian provinces, including:

• #1 Premium Pre-roll brand in Ontario
• #1 Super-Premium brand for Flower in Ontario
• #1 Organic brand in British Columbia
• Overall rank of #6 in British Columbia

CEO Jesse McConnell cited consumer appreciation for their quality organic cannabis and plans for product innovation in 2021 as drivers for growth.

Rubicon Organics (OTCQX: ROMJF) has announced the grant of 75,000 deferred share units (DSUs) and 80,000 stock options to support its independent directors and employees. The DSUs will vest immediately and can only be redeemed after a director's tenure. The stock options allow employees to purchase shares at $4.10 each for five years. The company is positioned as a leader in the organic cannabis sector, focusing on sustainable cultivation and premium products, including its Simply Bare brand. Rubicon aims for industry-leading profitability amid regulatory challenges.

Rubicon Organics Inc. (OTCQX: ROMJF) announced a distribution agreement with PAX Labs, Inc. to launch organic cannabis oil pods for the PAX ERA™ and PAX ERA Pro™ vaporizers. Set for rollout in Canada during H1 2021, the Simply Bare™ Organics brand will utilize extracts from organically cultivated cannabis in Delta, BC. This partnership marks Rubicon’s second venture into cannabis 2.0 products, following their deal with Wildflower Brands. Executives emphasized quality and innovation, aiming to enhance user experience with premium, terpene-rich offerings.