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Rubicon Organics Marks Cascadia Facility Grand Opening with Completion of First Harvest
Globenewswire· 2026-02-19 13:15
Core Insights - Rubicon Organics has completed its first cannabis harvest at the new Cascadia facility, marking a significant operational milestone and demonstrating effective execution [2][3] - The new facility has increased Rubicon's premium production capacity by 40%, allowing the company to better meet domestic and international demand for premium cannabis [2][8] - The Cascadia facility is designed to support advanced cultivation technology and is expected to have an annual production capacity of up to 4,500 kg [4][8] Operational Developments - The facility was acquired in June 2025 and has undergone targeted capital investments, including layout modifications and new grow table installations to enhance efficiency [2][6] - Over 30 operations team members have been onboarded to support the facility's commercial production [2] - Initial harvests from Cascadia are expected to be monetized in Q2, with production quality anticipated to meet flagship-brand standards by mid-2026 [2] Strategic Positioning - Rubicon Organics is positioned as a leader in the premium cannabis segment, with a vertically integrated model and a portfolio of trusted brands [5][6] - The company aims to leverage its proprietary genetics and certifications for international distribution to capture growth in both domestic and export markets [6][7] - The disciplined execution and brand equity of Rubicon Organics contribute to steady revenue growth and positive Adjusted EBITDA [7]