Rubicon Organics Stock Price, News & Analysis

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.

Rubicon Organics Inc. (OTCQX: ROMJF) announced a supply agreement with Shoppers Drug Mart to distribute its Simply Bare™ Organic hash and Wildflower CBD products in the Canadian medical cannabis market. This agreement is a significant step in expanding Rubicon's distribution, enhancing their portfolio presence in medical cannabis. CEO Jesse McConnell stated that the company aims to solidify its leadership position in premium and organic segments. The company is focused on sustainable production and achieving industry-leading profitability through innovation in cannabis 2.0 products.

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.