Rubicon Organics Executes Supplier Agreement with Medical Cannabis by Shoppers Drug Mart Inc.
Rubicon Organics Inc. (OTCQX: ROMJF) announced a supply agreement with Shoppers Drug Mart to distribute its Simply Bare™ Organic hash and Wildflower CBD products in the Canadian medical cannabis market. This agreement is a significant step in expanding Rubicon's distribution, enhancing their portfolio presence in medical cannabis. CEO Jesse McConnell stated that the company aims to solidify its leadership position in premium and organic segments. The company is focused on sustainable production and achieving industry-leading profitability through innovation in cannabis 2.0 products.
- New supply agreement with Shoppers Drug Mart enhances distribution of Simply Bare™ Organic hash and Wildflower CBD products.
- Expansion into the Canadian medical cannabis market signifies strategic growth for Rubicon Organics.
- CEO's confidence in solidifying leadership in premium cannabis segments points to potential market growth.
- None.
- Advances distribution into the Canadian medical cannabis market
- Simply Bare™ Organic hash and Wildflower Cool and Relief Sticks included in opening order
VANCOUVER, British Columbia, Sept. 13, 2021 (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, is pleased to announce that it signed a Cannabis Products Supplier Agreement with Medical Cannabis by Shoppers Drug Mart Inc. (“Shoppers”).
The supply agreement with Shoppers includes Simply Bare™ Organic hash, as well as both Wildflower CBD Relief Sticks and Wildflower CBD Cool Sticks in both 30g and 73g product formats. These products will be made available on the Medical Cannabis by Shoppers™ platform.
“Rubicon Organics has made great strides in consistently increasing its distribution across Canada and this supply agreement significantly advances the presence of our portfolio of brands in the Canadian medical cannabis channel. We have a deep product innovation portfolio that is equally applicable to the medical and recreational cannabis markets, and we expect to solidify our leadership position in the Canadian premium and organic cannabis segments as we roll-out our innovation across the country in the coming months,” said Jesse McConnell, Chief Executive Officer.
ABOUT RUBICON ORGANICS INC.
Rubicon Organics Inc. is becoming the global brand leader in organic cannabis products. Through its wholly owned subsidiary Rubicon Holdings Corp, a licensed producer, the Company cultivates, processes and sells organic certified, sustainably produced, super-premium cannabis products from its state-of-the-art hybrid greenhouse located in Delta, BC, Canada. Rubicon Organics is focused on achieving industry leading profitability through a focus on innovation and the development of brands and cannabis 2.0 products, including its flagship super-premium brand Simply BareTM Organic, its super-premium concentrate brand LAB THEORYTM, its premium flower and hash brand 1964 Supply Co™ and mainstream brand Homestead™.
CONTACT INFORMATION
Margaret Brodie
Chief Financial Officer
Phone: +1 (437) 929-1964
Email: ir@rubiconorganics.com
The TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) does not accept responsibility for the adequacy or accuracy of this press release.
Cautionary Statement Regarding Forward Looking Information
This press release contains forward-looking information within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, and statements such as the Company’s intention of achieving industry leading profitability are “forward-looking statements”. Forward-looking information can be identified by the use of words such as “will” or variations of such words or statements that certain actions, events or results “will” be taken, occur or be achieved. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward looking statements. The forward-looking information in this press release is based upon certain assumptions that management considers reasonable in the circumstances, including that its capital needs will be as currently projected. Risks and uncertainties associated with forward looking information in this press release include, among others, information or statements concerning the Company’s expectations of financial resources available to fund operations; Rubicon Organics' limited operating history and lack of historical profits; obtaining the necessary regulatory approvals; that regulatory requirements will be maintained; general business and economic conditions; the Company’s ability to successfully execute its plans and intentions; the Company’s ability to obtain financing at reasonable terms through the sale of equity and/or debt commitments; the Company’s ability to attract and retain skilled staff; market competition; the products and technology offered by the Company’s competitors; that our current relationships with our suppliers, service providers and other third parties will be maintained; and the impact of the current global health crisis caused by the COVID-19 pandemic. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. Although Rubicon Organics has attempted to identify important risk factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other risk factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements. Rubicon Organics assumes no obligation to update any forward-looking statement, even if new information becomes available as a result of future events, new information or for any other reason except as required by law.
FAQ
What products are included in Rubicon Organics' supply agreement with Shoppers Drug Mart?
When was the supply agreement with Shoppers Drug Mart announced?
What is the stock symbol for Rubicon Organics?
How does Rubicon Organics plan to enhance its market presence?
What is Rubicon Organics' focus in the cannabis market?
