Core Insights - Rubicon Organics Inc. has successfully removed all conditions precedent related to its purchase and sale agreement for the Hope Facility, a 47,500 square foot indoor cultivation facility in British Columbia [1][2][3] - The acquisition is expected to significantly enhance the company's premium production capacity and support its growth strategy, with the first harvest anticipated by the end of 2025 and revenue expected in early 2026 [2][4] Company Overview - Rubicon Organics is a licensed producer focused on cultivating and selling organic certified and premium cannabis products, with a vertically integrated structure through its subsidiary Rubicon Holdings Corp [6][7] - The company aims to achieve industry-leading profitability through its premium cannabis flower, product innovation, and brand portfolio management, which includes flagship brands such as Simply Bare™ Organic, 1964 Supply Co™, Wildflower™, and Homestead Cannabis Supply™ [6][7] Facility Details - The Hope Facility is designed with advanced cultivation technology and is expected to have an annual production capacity of up to 4,500 kilograms [4] - The facility will play a crucial role in expanding Rubicon Organics' premium product offerings to meet rising demand in the market [4][6]

Core Viewpoint - Rubicon Organics Inc. has appointed Glen Ibbott as Interim Chief Financial Officer, succeeding Janis Risbin, who will transition to an advisory role [1][2][3] Group 1: Leadership Changes - Glen Ibbott, a veteran in the cannabis industry and former CFO of Aurora Cannabis, brings over 25 years of leadership experience to Rubicon Organics [3][4] - Janis Risbin will step away from her full-time role but will assist in the transition to ensure continuity [2][4] Group 2: Strategic Importance - Ibbott's expertise is deemed crucial as Rubicon Organics aims to scale new capacity and explore new markets for its premium cannabis brands [3][4] - The company is positioned to capitalize on increasing demand for its premium cannabis products, with new capacity expected to come online this year [4] Group 3: Company Overview - Rubicon Organics is a global leader in premium organic cannabis products, focusing on profitability through its flagship brands, including Simply Bare™ Organic and 1964 Supply Co™ [6][7] - The company operates a state-of-the-art facility in Delta, BC, ensuring quality through its vertically integrated supply chain [7] Group 4: Future Plans - A comprehensive search for a permanent CFO will be initiated, focusing on candidates with deep financial expertise and a strong understanding of the cannabis industry [5]

Core Viewpoint - Rubicon Organics Inc. has successfully closed a non-brokered private placement offering, raising approximately $4.5 million through the issuance of 10,227,265 units at a price of $0.44 per unit [1][2]. Group 1: Offering Details - Each unit consists of one common share and one-half of a common share purchase warrant, with warrants priced at $0.70 and valid for 24 months [2]. - The company paid finders' fees totaling approximately $100,467 and issued 228,335 finder warrants, also exercisable at $0.70 for 24 months [3]. - All units issued are not subject to a hold period under Canadian securities laws due to the exemption utilized [4]. Group 2: Board Participation - Members of the Board subscribed for a total of 3,410,545 units, generating approximately $1.5 million in gross proceeds [5]. - The participation of Board members is classified as a related party transaction, with the company relying on exemptions from formal valuation and minority shareholder approval requirements [5]. Group 3: Use of Proceeds - The net proceeds from the offering will be allocated for start-up and acquisition costs of the Hope Facility, pre-roll automation, capital investments, and general working capital [6]. - If the acquisition of the Hope Facility does not proceed, the funds may be redirected to other projects or working capital needs [6]. Group 4: Ownership Changes - Following the offering, Jesse McConnell's ownership increased from 21.13% to approximately 18.65% of the undiluted common shares outstanding [8][9]. - McConnell's total holdings now include 12,745,118 common shares, 325,000 stock options, 450,000 restricted share units, 140,459 deferred share units, and 250,000 warrants [9]. Group 5: Company Overview - Rubicon Organics Inc. is a leader in premium organic cannabis products, vertically integrated through its subsidiary Rubicon Holdings Corp [12]. - The company focuses on profitability through its premium cannabis flower and brand management, featuring brands like Simply Bare™ Organic and Wildflower™ [12][13].

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, April 30, 2025 (GLOBE NEWSWIRE) -- Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF) (“Rubicon Organics” or the “Company”), a licensed producer focused on cultivating and selling organic certified and premium cannabis products, is pleased to announce that due to market demand, the Company has increased the size of its previously announced non-brokered private placement offering und ...