Rubicon Organics - ROMJF STOCK NEWS

Rubicon Organics Inc. (TSXV: ROMJ, OTCQX: ROMJF) will report its financial results for the three months ended March 31, 2022, on May 24, 2022. The company is a licensed producer focusing on organic certified cannabis products. A conference call to discuss the results will take place at 7:00 AM PT / 10:00 AM ET on the same day. Interested participants can join via local dial-in or toll-free numbers, or online through a webcast. Rubicon Organics aims to achieve industry-leading profitability through innovative products like Simply Bare™ Organic and 1964 Supply Co™.

Rubicon Organics reported a 43% increase in net revenue, reaching $6.8 million for Q4 2021, marking its first quarter of positive operating cashflows at $0.5 million. The company maintains its position as the #1 premium flower and pre-roll brand in Canada with Simply Bare™ Organic, holding 7.6% of the national market share. Improvements in production efficiency resulted in a $2.2 million increase in gross profit compared to Q4 2020, despite a loss from continuing operations of $1.6 million.

Rubicon Organics (OTCQX: ROMJF) announced a correction regarding the release date of its Q4 2021 financial results, now set for April 18, 2022, after market close. The previously stated date was April 14, 2022. A conference call to discuss these results is scheduled for April 19, 2022, at 7:00 AM PT / 10:00 AM ET. Rubicon Organics specializes in organic cannabis products and aims for industry-leading profitability through innovative branding and product management.

Rubicon Organics Inc. (OTCQX: ROMJF) will report its Q4 2021 financial results on April 14, 2022. The company specializes in organic cannabis products and aims for industry-leading profitability through innovative brands like Simply Bare™ Organic and 1964 Supply Co™. A conference call to discuss the results is scheduled for April 19, 2022, at 7:00 AM PT. Interested parties can join via local dial-in at (833) 900-2238 or international dial-in at (647) 689-5136. A webcast will also be available to ensure broader access.

Rubicon Organics announced a market share increase to 2.3% in the Canadian flower and pre-roll category for the three months ending December 31, 2021. Its premium brand, Simply Bare™ Organic, leads the market with a 7.7% share, making it the best-selling premium cannabis brand in Canada. The company holds over $11.5M in cash, reflecting a strong balance sheet. The premium cannabis market grew 38% in Q4 2021, outpacing the overall cannabis market growth of 25%. Rubicon's total market share for 2021 was 1.9%, up from 1.1% in 2020.

Rubicon Organics Inc. (OTCQX: ROMJF) appointed Julie Lassonde to its Board of Directors after receiving security clearance from Health Canada. Lassonde brings over 25 years of executive experience and will enhance the company's governance. Additionally, Rubicon has secured its first purchase order from the Northwest Territories Liquor and Cannabis Commission, with shipments expected in January 2022. This marks a significant geographical expansion, as their Simply Bare Organic product will now be available in stores and online across seven provinces and two territories, reaching over 90% of Canadians.

Rubicon Organics Inc. (OTCQX: ROMJF) is launching five new cannabis strains under its premium brands, Simply Bare Organic and 1964 Supply Co. This expansion reflects the company's commitment to innovation in the cannabis market. CEO Jesse McConnell highlighted that these product innovations and recent facility upgrades will enhance production capacity and meet growing demand. Rubicon anticipates reaching an annual production of 11,000 kg by Q4 2022, with fixed costs remaining stable. The company is focused on growth while maintaining financial discipline.

Rubicon Organics Inc. (TSXV: ROMJ, OTCQX: ROMJF) announced its participation in Cowen's 4th Annual Cannabis Conference from November 29 to December 1, 2021. CEO Jesse McConnell will speak on a panel titled Canadian Cannabis: U.S. CEO Perspective on November 30 at 9:20 AM ET. The company has also amended the exercise price of 660,000 incentive stock options for employees from $3.25-$4.10 to $2.60 per share, approved by the Board and TSX Venture Exchange. This change aims to recognize employee contributions while excluding insiders from the amendment.

Rubicon Organics (TSXV: ROMJ, OTCQX: ROMJF) reported Q3 2021 net revenue of $7.1 million, reflecting a 54% increase from Q2 2021 and 124% growth over Q3 2020. The company holds an 8.3% market share in the premium flower and pre-roll segment, with its Simply Bare^TM Organic brand leading as the #1 premium brand in Canada. Despite the revenue growth, Rubicon reported a net loss of $3.8 million. Looking ahead, the company aims for Adjusted EBITDA profitability in 2022, driven by expanded product offerings and improved operational efficiency.