Workflow
Wildflower™
icon
Search documents
Rubicon Organics Celebrates Multiple Wins at KIND Awards 2025
Globenewswire· 2025-11-18 01:00
Award Highlights: Simply Bare™ Organic – Craft Brand of the Year (2nd year running)Simply Bare™ Organic BC Organic Pink Drip (Gastown Genetics) – Budtender Choice: Weed of the YearSimply Bare™ Organic BC Organic Pink Drip (Gastown Genetics) – Flower of the Year1964 Supply Co.™ – Brand of the Year (2nd year running)1964 Supply Co.™ – Blue Dream FSE Resin Vape – Vape of the Year (2nd year running)1964 Supply Co.™ – Comatose FSE Resin AIO Vape – Best New Product Launch of the YearWildflower™ – Wellness Brand o ...
Rubicon Organics Celebrates Multiple Wins at KIND Awards 2025
Globenewswire· 2025-11-18 01:00
Award Highlights: Simply Bare™ Organic – Craft Brand of the Year (2nd year running)Simply Bare™ Organic BC Organic Pink Drip (Gastown Genetics) – Budtender Choice: Weed of the YearSimply Bare™ Organic BC Organic Pink Drip (Gastown Genetics) – Flower of the Year1964 Supply Co.™ – Brand of the Year (2nd year running)1964 Supply Co.™ – Blue Dream FSE Resin Vape – Vape of the Year (2nd year running)1964 Supply Co.™ – Comatose FSE Resin AIO Vape – Best New Product Launch of the YearWildflower™ – Wellness Brand o ...
Rubicon Organics Reports Q3 2025 Financial and Operating Results
Globenewswire· 2025-11-13 02:47
Core Insights - Rubicon Organics Inc. reported strong financial results for Q3 2025, with net revenue of CAD 15.6 million, a 16% increase year-over-year, and Adjusted EBITDA of CAD 1.7 million, reflecting operational scale and cost control [3][8][9] Financial Performance - Q3 2025 net revenue reached CAD 15.6 million, up from CAD 13.5 million in Q3 2024, while year-to-date (YTD) revenue for 2025 was CAD 43.0 million, a 25% increase compared to the same period in 2024 [9][12] - Adjusted EBITDA for Q3 2025 was CAD 1.7 million, with YTD Adjusted EBITDA at CAD 3.8 million, marking the sixth consecutive quarter of positive Adjusted EBITDA [3][9][12] - Gross profit for Q3 2025 was CAD 8.0 million, with a gross profit margin of 33.7%, compared to 32.4% in Q3 2024 [12] Market Position and Growth Strategy - The company has a national market share of 6.2% in premium flower and pre-rolls, 13.2% in premium vapes, and 16.0% in premium edibles for Q3 2025 [9] - Rubicon's acquisition of the Cascadia Facility is expected to increase production capacity by over 40%, supporting future growth in both domestic and international markets [7][11] - The company has successfully shipped to three international markets in the fiscal year, indicating a strategic focus on global expansion [9] Operational Highlights - The company has begun investing in talent and foundational initiatives to support growth as it prepares to realize revenue from the Cascadia Facility in 2026 [2][3] - Cash flow from operations for Q3 2025 was CAD 0.5 million, with total current assets amounting to CAD 35.6 million as of September 30, 2025 [9][12] Future Outlook - For fiscal 2025, the company forecasts growth in both net revenue and Adjusted EBITDA, despite anticipated one-time costs related to the Cascadia Facility [11][20] - The company remains confident in its long-term value creation potential, driven by ongoing expansion and strategic initiatives [11][20]
Rubicon Organics Announces Appointment of Glen Ibbott as CFO
Globenewswire· 2025-11-13 01:00
Core Insights - Rubicon Organics Inc. has appointed Glen Ibbott as Chief Financial Officer and Corporate Secretary, highlighting his extensive experience in the cannabis industry and previous role as CFO of Aurora Cannabis [1][2][3] Company Overview - Rubicon Organics is a licensed producer focused on cultivating and selling organic certified and premium cannabis products, positioning itself as a leader in the Canadian market [1][4] - The company operates a vertically integrated model with a strong national distribution network, featuring trusted brands such as Simply Bare™ Organics and 1964 Supply Co.™ [4] Leadership and Strategic Direction - Glen Ibbott has been recognized for his exceptional leadership and strategic insight during his interim CFO tenure, contributing significantly to the company's growth and operational scaling [2][3] - Ibbott's background includes over 25 years in financial leadership roles, with notable achievements at Aurora Cannabis, including international expansion and delivering recurring EBITDA [3] Production Capacity and Growth Potential - Rubicon's production capabilities are anchored by its Pacifica facility in Delta, BC, and the newly acquired Cascadia facility in Hope, BC, which will increase production capacity by over 40% [5] - The company is well-positioned to capitalize on the growing global demand for high-quality cannabis, supported by proprietary genetics and certifications for international distribution [5][6] Market Position and Financial Performance - As the Canadian cannabis market rationalizes, Rubicon Organics distinguishes itself through disciplined execution, brand equity, and consumer loyalty, driving consistent revenue growth and positive Adjusted EBITDA [6] - The company represents a combination of category leadership, operational strength, and long-term growth potential in the premium cannabis segment [6]
Rubicon Organics Announces Appointment of Glen Ibbott as CFO
Globenewswire· 2025-11-13 01:00
Core Insights - Rubicon Organics Inc. has appointed Glen Ibbott as Chief Financial Officer and Corporate Secretary, highlighting his extensive experience in the cannabis industry and previous role as CFO of Aurora Cannabis [1][2][3] Company Overview - Rubicon Organics is a licensed producer focused on cultivating and selling organic certified and premium cannabis products, positioning itself as a leader in the Canadian market [1][4] - The company operates a vertically integrated model with a strong national distribution network, featuring trusted brands such as Simply Bare™ Organics and 1964 Supply Co.™ [4] Leadership and Strategic Direction - Glen Ibbott brings over 25 years of leadership experience in publicly-traded life sciences and cannabis companies, having played a crucial role in Aurora Cannabis's growth and international expansion [3] - The CEO, Margaret Brodie, expressed confidence in Ibbott's strategic insight and financial acumen, which have already positively impacted the company's operations [2] Production and Capacity Expansion - Rubicon's production base is anchored by its Pacifica facility in Delta, BC, and is set to expand by over 40% with the acquisition and licensing of the Cascadia facility in Hope, BC [5] - The company is positioned to support future growth in both domestic and export markets through proprietary genetics and award-winning products [5] Market Position and Growth Potential - As the Canadian cannabis market rationalizes and global demand for high-quality cannabis increases, Rubicon's disciplined execution and brand equity differentiate it from competitors [6] - The company has demonstrated consistent revenue growth and positive Adjusted EBITDA, indicating strong operational performance and long-term growth potential [6]
Rubicon Organics Secures $4 million in Financing to Support Strategic Growth Initiatives
Globenewswire· 2025-11-10 13:30
Core Insights - Rubicon Organics Inc. has secured additional credit agreements totaling $4,000,000 to support its growth initiatives in the premium cannabis market [1][3] Group 1: Credit Agreements - The credit agreements include a $3.0 million Capital Loan with a five-year term and a $1.0 million Line of Credit, with interest rates of 6.79% and CSCU Basic Lending Rate plus 5.50% respectively [2][3] - The funds will be utilized for margin accretive projects at the Pacifica and Cascadia Facilities, enhancing operational flexibility and supporting growth plans [3] Group 2: Company Overview - Rubicon Organics is recognized as Canada's leading producer of certified organic and premium cannabis, with a vertically integrated model and a strong national distribution network [4] - The company’s production capacity will increase by over 40% with the acquisition and licensing of the Cascadia facility, which complements its existing Pacifica facility [5] - Rubicon Organics focuses on premium quality, innovation, and operational execution, which has led to consistent revenue growth and positive Adjusted EBITDA [6]
Rubicon Organics to Report Q3 2025 Results
Globenewswire· 2025-10-30 00:15
Core Insights - Rubicon Organics Inc. is set to release its financial results for Q3 2025 on November 12, 2025, after market close [1] - A conference call to discuss these results will be held on November 13, 2025, at 7:00 AM PT / 10:00 AM ET [2] Company Overview - Rubicon Organics is a leading Canadian producer of certified organic and premium cannabis, with a vertically integrated model and strong national distribution [3] - The company is scaling its portfolio of trusted brands, including Simply Bare™ Organics and 1964 Supply Co.™, among others [3] Production Capacity and Growth - The company's production is anchored by its Pacifica facility in Delta, BC, and is set to expand with the acquisition of the Cascadia facility in Hope, BC, increasing production capacity by over 40% [4] - This expansion will support growth in both domestic and export markets, positioning Rubicon at the forefront of the premium cannabis segment [4] Market Position and Strategy - As the Canadian cannabis market rationalizes and global demand for high-quality cannabis rises, Rubicon's disciplined execution and brand equity distinguish it from competitors [5] - The company's focus on premium quality, innovation, and operational execution has led to consistent revenue growth and positive Adjusted EBITDA [5] - Rubicon Organics represents a unique combination of category leadership, operational strength, and long-term growth potential [5]
Rubicon Organics Announces Fifth Annual Environmental, Social, & Governance Report
Globenewswire· 2025-10-29 00:00
Core Insights - Rubicon Organics Inc. has published its fifth annual Environmental, Social and Governance (ESG) Report, highlighting its commitment to sustainable cannabis production and transparency in operations [1][2][4] Business Growth - The company achieved a net revenue growth of 410%, increasing from $9.4 million in 2020 to $49 million in 2024 [8] - Rubicon Organics is expanding its production capacity by over 40% through the acquisition and licensing of its Cascadia facility [6] Governance - The company emphasizes independent oversight by its board of directors and maintains transparent disclosures, including CEO pay ratio, to reinforce industry leadership [8] Environmental Impact - Despite a 410% increase in net revenue over five years, energy consumption rose only 17% and water usage increased by 58%, supported by initiatives like transitioning to the power grid and adopting drip irrigation [8] Social Responsibility - In 2024, 80% of employees expressed pride in working at Rubicon Organics, with an engagement survey participation rate of 86% for the employee base and 94% for temporary foreign workers [8]
Rubicon Organics Announces Health Canada Cultivation License For Cascadia (Hope, BC) Facility
Globenewswire· 2025-10-20 12:00
Core Insights - Rubicon Organics has received a license from Health Canada to cultivate, process, and store cannabis at its new Cascadia facility in Hope, British Columbia, marking a significant milestone for the company [1][2][3] - The new facility, spanning 47,500 square feet, will add 4,500 kg of production capacity, increasing total annual capacity to 15,500 kg, which represents a 40% increase [2][6] - Operations at the Cascadia facility are now underway, with the company expecting to generate its first revenue in the first half of 2026 [2][3] Facility and Capacity Expansion - The Cascadia facility will enable Rubicon to meet the unmet demand for its premium cannabis products in Canada and international markets [3][6] - The company has renamed its existing facilities, with the Delta facility now called Pacifica and the Hope facility named Cascadia, reflecting its West Coast culture and broader market focus [4][8] Market Position and Growth Potential - Rubicon Organics is positioned as a leader in the premium cannabis segment, supported by a vertically integrated model and a strong national distribution network [5][6] - The company emphasizes its focus on premium quality, innovation, and operational execution, which has led to consistent revenue growth and positive Adjusted EBITDA [7] - With proprietary genetics and award-winning products, Rubicon is well-equipped to capitalize on both domestic and international market opportunities [6][7]
Rubicon Organics to Present at Small Cap Discoveries in Vancouver and Planet MicroCap Showcase in Toronto
Globenewswire· 2025-09-25 02:00
Core Viewpoint - Rubicon Organics Inc. is actively participating in two investor-focused events, aiming to enhance investor engagement and showcase its growth potential in the premium cannabis market [1][3]. Group 1: Upcoming Events - Rubicon Organics will present its achievements and future plans at the Small Cap Discoveries event in Vancouver on September 30, 2025 [3]. - The company will also participate in the Planet MicroCap Showcase in Toronto from October 21-23, 2025, providing opportunities for direct engagement with investors [3][4]. Group 2: Company Overview - Rubicon Organics is recognized as Canada's leading producer of certified organic and premium cannabis, with a vertically integrated model and a strong national distribution network [5]. - The company operates under several trusted brands, including Simply Bare™ Organics and 1964 Supply Co.™, and has a production base anchored by its Delta, BC facility, recently complemented by the acquisition of a facility in Hope, BC, which will increase production capacity by over 40% [5][6]. Group 3: Market Position and Strategy - The company is positioned at the forefront of the premium cannabis segment, leveraging proprietary genetics and award-winning products to support both domestic and international distribution [6]. - As the Canadian cannabis market rationalizes and global demand for high-quality cannabis rises, Rubicon's focus on premium quality, innovation, and operational execution has led to consistent revenue growth and positive Adjusted EBITDA [7].