Rubicon Organics Stock Price, News & Analysis

Rubicon Organics announced a market share increase to 2.3% in the Canadian flower and pre-roll category for the three months ending December 31, 2021. Its premium brand, Simply Bare™ Organic, leads the market with a 7.7% share, making it the best-selling premium cannabis brand in Canada. The company holds over $11.5M in cash, reflecting a strong balance sheet. The premium cannabis market grew 38% in Q4 2021, outpacing the overall cannabis market growth of 25%. Rubicon's total market share for 2021 was 1.9%, up from 1.1% in 2020.

Rubicon Organics Inc. (OTCQX: ROMJF) appointed Julie Lassonde to its Board of Directors after receiving security clearance from Health Canada. Lassonde brings over 25 years of executive experience and will enhance the company's governance. Additionally, Rubicon has secured its first purchase order from the Northwest Territories Liquor and Cannabis Commission, with shipments expected in January 2022. This marks a significant geographical expansion, as their Simply Bare Organic product will now be available in stores and online across seven provinces and two territories, reaching over 90% of Canadians.

Rubicon Organics Inc. (OTCQX: ROMJF) is launching five new cannabis strains under its premium brands, Simply Bare Organic and 1964 Supply Co. This expansion reflects the company's commitment to innovation in the cannabis market. CEO Jesse McConnell highlighted that these product innovations and recent facility upgrades will enhance production capacity and meet growing demand. Rubicon anticipates reaching an annual production of 11,000 kg by Q4 2022, with fixed costs remaining stable. The company is focused on growth while maintaining financial discipline.

Rubicon Organics Inc. (TSXV: ROMJ, OTCQX: ROMJF) announced its participation in Cowen's 4th Annual Cannabis Conference from November 29 to December 1, 2021. CEO Jesse McConnell will speak on a panel titled Canadian Cannabis: U.S. CEO Perspective on November 30 at 9:20 AM ET. The company has also amended the exercise price of 660,000 incentive stock options for employees from $3.25-$4.10 to $2.60 per share, approved by the Board and TSX Venture Exchange. This change aims to recognize employee contributions while excluding insiders from the amendment.

Rubicon Organics (TSXV: ROMJ, OTCQX: ROMJF) reported Q3 2021 net revenue of $7.1 million, reflecting a 54% increase from Q2 2021 and 124% growth over Q3 2020. The company holds an 8.3% market share in the premium flower and pre-roll segment, with its Simply Bare^TM Organic brand leading as the #1 premium brand in Canada. Despite the revenue growth, Rubicon reported a net loss of $3.8 million. Looking ahead, the company aims for Adjusted EBITDA profitability in 2022, driven by expanded product offerings and improved operational efficiency.

Rubicon Organics Inc. (TSXV: ROMJ, OTCQX: ROMJF) reported significant growth in market share, achieving 2.2% in the flower and pre-roll category for the three months ending October 31, 2021. Its brand, Simply Bare™ Organic, has become the #1 premium flower and pre-roll brand in Canada. The company's distribution expanded by 125%, now reaching over 1,800 retail locations. Rubicon's product portfolio has grown to over 60 unique SKUs, enhancing profitability potential. The company is committed to product quality and expanding its brand presence across major provinces.

Rubicon Organics Inc. (OTCQX: ROMJF) will release its Q3 2021 financial results on November 17, 2021, before market open. A conference call will follow at 7:00 AM PT / 10:00 AM ET to discuss these results. Investors can join the call by dialing (833) 900-2238 locally or (647) 689-5136 internationally, using Conference ID 5872509. Rubicon Organics focuses on organic premium cannabis, aiming to lead the market through innovative products like Simply Bare™ Organic and LAB THEORY™.

Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF) announced the results of its Annual General Meeting held on September 15, 2021, with 30,690,412 shares represented, about 54.82% of total shares. All proposals, including the election of directors, were approved. Key votes included Jesse McConnell with 87.25% support and Bryan Disher receiving 99.63%. Deloitte LLP was appointed as auditors for the upcoming year. The company aims to lead in organic cannabis and continues to focus on profitability and brand development.

Rubicon Organics (OTCQX: ROMJF) announced the launch of four new cannabis products in Ontario, including 1964 Supply Co™ Sour Cookies and Simply Bare™ Organic Island Pink Kush. This marks the entry of the 1964 Supply Co™ premium brand into the Ontario market. The company received purchase orders for various products, aiming for increased revenue growth in the latter half of 2021. CEO Jesse McConnell emphasized that this strategy supports their goal of achieving monthly EBITDA profitability. Rubicon is focused on becoming a global leader in organic cannabis.