Rubicon Organics Stock Price, News & Analysis

Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF) reported its Q2 2021 results showing significant progress in revenue and product listings. The company achieved $4.6 million in net revenue, a $3.6 million increase year-over-year and a sequential rise of $0.5 million. Key activities include repaying $9 million in loans and issuing US$8 million in debentures. Despite a net loss of $5.1 million, a company-wide restructuring is expected to yield annualized savings of $2.6 million. New product launches are set for Q3, reflecting strong consumer demand in the premium cannabis segment.

Rubicon Organics Inc. (OTCQX: ROMJF) will hold its Annual General Meeting on September 15, 2021, at 10:00 am PT in Vancouver. Key agenda items include receiving audited financial statements for 2020, electing six directors, and appointing Deloitte LLP as auditors. Shareholders can find meeting materials on SEDAR. A live webcast will also be available during the meeting, with details provided in the release. The record date for participation is August 11, 2021.

Rubicon Organics (OTCQX: ROMJF) will report its Q2 2021 financial results before the market opens on August 20, 2021. A conference call to discuss these results is scheduled for the same day at 7:00 AM PT / 10:00 AM ET. Interested parties can join via local dial-in at (833) 900-2238, or internationally at (647) 689-5136. The event will also be accessible via a webcast link. Rubicon Organics focuses on organic certified and premium cannabis, aiming to be a leader in this sector.

Rubicon Organics (OTCQX: ROMJF) has received a Research License from Health Canada, enabling the company to distribute and administer cannabis for research purposes. This license will enhance their quality assurance processes and aid in the innovation of premium cannabis products, including flowers, hashes, vapes, and solventless options. CEO Jesse McConnell emphasized their commitment to quality and sustainability.

Rubicon Organics (TSXV: ROMJ) (OTCQX: ROMJF) reported a robust operational update for Q3 2021, showcasing a 132% increase in new product availability from provincial distributors. The Simply Bare^TM Organic brand continues its dominance in major provinces, and 1964 Supply Co.^TM has expanded to seven provinces. The Canadian cannabis market shows promising growth with a 29% rise in household spending and a 146% market growth in Ontario. Rubicon closed a bought deal offering raising $23 million, enhancing its market position in organic cannabis.

Cannabis Cultivators of B.C., a new non-profit association, has been established by Rubicon Organics, Pure Sunfarms, and Tantalus Labs to advocate for licensed cannabis growers in British Columbia. The organization aims to enhance the cannabis sector's economic and policy landscape in the province. CCBC seeks to unify voices in the industry to promote B.C. cannabis as a premium product, emphasizing its quality and potential as a global market leader. The association encourages all licensed cultivators to join and support a responsible cannabis industry.

Rubicon Organics (OTCQX: ROMJF) announced a secured debenture issuance of US$8 million to Green Island Investments Ltd. The two-year term debenture carries a 6.5% annual interest rate and includes 907,000 bonus warrants for the financier, allowing share purchases at $4.00 each over three years. CEO Jesse McConnell highlighted the importance of cash flexibility for product innovation and expansion across Canada. The company focuses on organic cannabis, aiming for industry-leading profitability through innovative brands like Simply Bare Organic and LAB THEORY.

Rubicon Organics Inc. (OTCQX: ROMJF) announced the receipt of purchase orders for its Simply Bare™ Organic Live Rosin and PAX® vaporizer products across Ontario, British Columbia, and Saskatchewan. This marks the brand's expansion into five cannabis product categories, including dry flower and concentrates. The CEO emphasized a strategic approach to innovation, highlighting the growth potential of their unique terpene profile. The company aims to become a global leader in organic cannabis products with a focus on profitability and product development.