Rubicon Organics Stock Price, News & Analysis

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.

Rubicon Organics Inc. (OTCQX: ROMJF) announced a significant milestone with its first purchase order from Cannabis NB for the 1964 Organic Apple Toffee flower product. This order signifies the nationwide rollout of their premium product line, 1964 Supply Co™, expanding their presence across eight provinces and territories in Canada. CEO Jesse McConnell emphasized this achievement as vital for their innovation strategy, aiming to enhance market share in the premium cannabis sector.

Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF) reported Q1 2021 financial results, achieving $4.1 million in net revenue, a significant increase from $454,043 in Q1 2020. However, net revenue declined by $0.7 million compared to Q4 2020 due to ongoing retail restrictions. The company encountered a net loss of $4 million and an Adjusted EBITDA loss of $3.4 million. Despite challenges, Rubicon maintained a strong market presence, especially in premium cannabis, and implemented a restructuring to save $2.6 million annually, with plans for product launches.

Rubicon Organics Inc. (TSXV: ROMJ, OTCQX: ROMJF) will participate in the BMO Farm to Market Conference on May 19-20, 2021. CEO Jesse McConnell will present via webcast on May 20 at 4:20 PM ET. Rubicon Organics, a licensed producer of organic cannabis, aims to be a global leader in organic products with brands like Simply Bare™ Organic and LAB THEORY™. The company focuses on sustainable practices and innovation to achieve industry-leading profitability.