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Rubicon Organics Inc (ROMJF) is a Canadian-based company engaged in the production and distribution of high-quality, organic cannabis products. The company focuses on sustainable cultivation practices, innovative product development, and strategic brand positioning to become a leading player in the cannabis industry.
With a diverse product portfolio that includes flower, pre-rolled products, concentrates, and edibles, Rubicon Organics aims to cater to various consumer preferences in the Canadian cannabis market.
Recent financial results indicate a positive outlook for the company, with plans for operational growth, expansion of market share, and refinancing of debt to support long-term sustainability. The company's commitment to quality, brand differentiation, and operational efficiency sets it apart in the competitive cannabis landscape.
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Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF) reported net revenue of $10.0 million and $30.1 million for the three and nine months ended September 30, 2023, achieving positive Adjusted EBITDA and operating cash flow. The company also saw growth in cash balance and working capital. The PR highlights financial results, market shares, and successful product launches, emphasizing a focus on premium cannabis brands and market positioning.
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Rubicon Organics Inc. will be reporting its financial results for Q3 2023 on November 14, 2023. A conference call to discuss the results will be held on November 15, 2023. The company is a licensed producer focused on cultivating and selling organic certified, premium cannabis products.
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Rubicon Organics™ Inc. announces the launch of Wildflower™ brand edibles crafted with minor cannabinoids including CBD, CBN, and CBG. The edibles are made with all-natural ingredients and come in four flavors. They will be available in British Columbia starting October 2023 and in Alberta in November 2023.
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Rubicon Organics announces voting results from Annual General Meeting and appointment of Len Boggio as Chair of the Board
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Rubicon Organics to hold Annual General Meeting on September 14, 2023
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Rubicon Organics Inc. reports record net revenue of $11.3 million (28% increase) and $20.1 million (44% increase) for Q2 2023. Achieved Adjusted EBITDA of $1.8 million and $1.9 million, a $1.5 million and $3.2 million increase compared to prior periods. Operating cashflow of $2.4 million and $2.6 million. Cash balance increased by 22% to $9.3 million. Simply BareTM Organic and 1964 Supply CoTM identified as top 3 brands recommended by Canadian budtenders. WildflowerTM strengthens dominance in Canadian topical market with 22.5% market share, a 38% increase. Launch of 1964 Supply CoTM live rosin gummies. National market shares of flower and pre-rolls at 2.0% and 2.1%.
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FAQ
What is the current stock price of RUBICON ORGANICS (ROMJF)?
The current stock price of RUBICON ORGANICS (ROMJF) is $0.281 as of January 22, 2025.
What is the market cap of RUBICON ORGANICS (ROMJF)?
The market cap of RUBICON ORGANICS (ROMJF) is approximately 19.7M.
What is Rubicon Organics Inc known for?
Rubicon Organics is known for producing high-quality, organic cannabis products with a focus on sustainability and innovation.
What products does Rubicon Organics offer?
Rubicon Organics offers a diverse range of products including flower, pre-rolled products, concentrates, and edibles to cater to various consumer preferences.
What are Rubicon Organics' key priorities for 2023?
Rubicon Organics has set out four key priorities for 2023 focusing on operational growth, market share expansion, and debt refinancing for long-term sustainability.
What are the recent financial results of Rubicon Organics?
Recent financial results indicate a positive outlook for Rubicon Organics with plans for operational growth, market share expansion, and refinancing of debt to support long-term sustainability.
How does Rubicon Organics differentiate itself in the cannabis industry?
Rubicon Organics stands out in the cannabis industry through its commitment to quality, brand differentiation, and operational efficiency.
Who is the CEO of Rubicon Organics?
Margaret Brodie serves as the CEO of Rubicon Organics, leading the company through its growth and strategic initiatives in the cannabis market.
What is Rubicon Organics' approach to sustainability?
Rubicon Organics emphasizes sustainable cultivation practices to minimize environmental impact and promote eco-friendly operations within the cannabis industry.
How does Rubicon Organics plan to achieve long-term growth?
Rubicon Organics plans to achieve long-term growth through product innovation, brand positioning, operational efficiency, and strategic partnerships in the cannabis market.
What is Rubicon Organics' strategy for maintaining competitiveness?
Rubicon Organics focuses on quality, innovation, brand differentiation, and operational excellence to maintain competitiveness in the dynamic and competitive cannabis industry.
What are Rubicon Organics' expectations for future growth?
Rubicon Organics anticipates year-over-year growth in net revenue supported by modest cost base increases, operational efficiency improvements, and a commitment to delivering high-quality cannabis products to consumers.
RUBICON ORGANICS INC
OTC:ROMJF
ROMJF Rankings
ROMJF Stock Data
19.65M
26.33M
43.64%
3.88%
Drug Manufacturers - Specialty & Generic
Healthcare
United States of America
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