Rubicon Organics Grants RSUs and PSUs
Rubicon Organics (TSXV: ROMJ) (OTCQX: ROMJF), a licensed producer of organic certified and premium cannabis, has announced significant equity incentive grants. The company has awarded 784,712 restricted share units (RSUs) and 784,712 performance share units (PSUs) under its Omnibus Equity Incentive Plan to selected executives and employees.
The RSUs will vest over one to three years from the grant date, while PSUs will vest after three years subject to meeting specific performance targets. Upon vesting, both RSUs and PSUs can be converted into common shares or, at the Board's discretion, settled in cash.
Rubicon Organics (TSXV: ROMJ) (OTCQX: ROMJF), un produttore autorizzato di cannabis biologica certificata e premium, ha annunciato importanti concessioni di incentivi azionari. L'azienda ha assegnato 784.712 unità azionarie ristrette (RSU) e 784.712 unità azionarie legate alle performance (PSU) nell'ambito del suo Piano Omnibus di Incentivi Azionari a dirigenti e dipendenti selezionati.
Le RSU si acquisiranno nel corso di uno a tre anni dalla data di concessione, mentre le PSU si acquisiranno dopo tre anni soggette al raggiungimento di obiettivi di performance specifici. Al momento dell'acquisizione, sia le RSU che le PSU possono essere convertite in azioni ordinarie o, a discrezione del Consiglio, liquidate in contante.
Rubicon Organics (TSXV: ROMJ) (OTCQX: ROMJF), un productor autorizado de cannabis orgánica certificada y premium, ha anunciado importantes concesiones de incentivos en acciones. La empresa ha otorgado 784,712 unidades de acciones restringidas (RSU) y 784,712 unidades de acciones por rendimiento (PSU) bajo su Plan Omnibus de Incentivos en Acciones a ejecutivos y empleados seleccionados.
Las RSU se consolidarán durante uno a tres años a partir de la fecha de concesión, mientras que las PSU se consolidarán después de tres años, sujeta al cumplimiento de objetivos de rendimiento específicos. Al consolidarse, tanto las RSU como las PSU pueden convertirse en acciones ordinarias o, a discreción de la Junta, liquidarse en efectivo.
루비콘 오가닉스 (TSXV: ROMJ) (OTCQX: ROMJF), 유기농 인증 및 프리미엄 대마초의 허가 생산업체가 주요 주식 인센티브 부여를 발표했습니다. 이 회사는 선정된 임직원에게 784,712주 제한 주식 단위(RSU)와 784,712주 성과 주식 단위(PSU)를 Omnibus 주식 인센티브 계획에 따라 수여했습니다.
RSU는 부여일로부터 1년에서 3년 사이에 취득되며, PSU는 특정 성과 목표를 달성한 후 3년 후에 취득됩니다. 취득 시, RSU와 PSU 모두 보통주로 전환되거나 이사회 재량에 따라 현금으로 정산될 수 있습니다.
Rubicon Organics (TSXV: ROMJ) (OTCQX: ROMJF), un producteur licencié de cannabis biologique certifié et premium, a annoncé des concessions d'incitation à l'équité significatives. L'entreprise a attribué 784 712 unités d'actions restreintes (RSU) et 784 712 unités d'actions de performance (PSU) dans le cadre de son Plan Omnibus d'Incentives à l'Équité à des cadres et employés sélectionnés.
Les RSU s'acquerront sur une période de un à trois ans à partir de la date de concession, tandis que les PSU s'acquerront après trois ans, sous réserve d'atteindre des objectifs de performance spécifiques. Lors de l'acquisition, tant les RSU que les PSU peuvent être convertis en actions ordinaires ou, à la discrétion du conseil, réglés en espèces.
Rubicon Organics (TSXV: ROMJ) (OTCQX: ROMJF), ein lizenzierter Hersteller von biologisch zertifiziertem und hochwertigem Cannabis, hat erhebliche Mitarbeiterbeteiligungen angekündigt. Das Unternehmen hat 784.712 Restricted Share Units (RSUs) und 784.712 Performance Share Units (PSUs) im Rahmen seines Omnibus-Aktienoptionsplans an ausgewählte Führungskräfte und Mitarbeiter vergeben.
Die RSUs erwerben sich innerhalb von ein bis drei Jahren ab dem Zuteilungsdatum, während die PSUs nach drei Jahren unter der Voraussetzung spezifischer Leistungsziele erworben werden. Nach dem Erwerb können sowohl RSUs als auch PSUs in Stammaktien umgewandelt oder nach Ermessen des Vorstands in bar abgewickelt werden.
- Implementation of performance-based incentive structure to align employee interests with company goals
- Long-term vesting periods (1-3 years) promoting employee retention
- Potential future dilution of shareholder value through issuance of up to 1,569,424 new shares
- Additional compensation expenses affecting company's financial statements
VANCOUVER, British Columbia, Jan. 20, 2025 (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, announces that it has granted 784,712 restricted share units (“RSUs”) and 784,712 performance share units (“PSUs”).
RSU Grant
The Company has awarded a total of 784,712 RSUs under its Omnibus Equity Incentive Plan to selected executives and employees. The RSUs will vest over a period ranging from one to three years from the grant date. Upon vesting, each RSU grants the holder the right to receive one common share of the Company, or, at the discretion of the Company’s Board of Directors, may be settled in cash.
PSU Grant
The Company has granted a total of 784,712 PSUs under its Omnibus Equity Incentive Plan to certain executives and employees. These PSUs will vest after three years, contingent on the achievement of specific performance targets. If the performance conditions are met, each vested PSU entitles the holder to receive one common share of the Company, or, at the discretion of the Company’s Board of Directors, may be settled in cash.
ABOUT RUBICON ORGANICS INC.
Rubicon Organics Inc. is the global brand leader in premium organic cannabis products. The Company is vertically integrated through its wholly owned subsidiary Rubicon Holdings Corp, a licensed producer. Rubicon Organics is focused on achieving industry leading profitability through its premium cannabis flower, product innovation and brand portfolio management, including three flagship brands: its super-premium brand Simply Bare™ Organic, its premium brand 1964 Supply Co.™, its cannabis wellness brand Wildflower™ in addition to the Company’s mainstream brand Homestead Cannabis Supply™.
The Company ensures the quality of its supply chain by cultivating, processing, branding and selling organic certified, sustainably produced, super-premium cannabis products from its state-of-the-art glass roofed facility located in Delta, BC, Canada.
CONTACT INFORMATION
Margaret Brodie
CEO
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 including, but not limited to, statements regarding the vesting conditions, timing, and settlement of the RSUs and PSUs granted by the Company. 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, statements regarding Rubicon Organics' goal 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 word 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. Risks and uncertainties associated with the forward looking information in this press release include, among others, dependence on obtaining and maintaining regulatory approvals, including acquiring and renewing federal, provincial, local or other licenses and any inability to obtain all necessary governmental approvals licenses and permits for construction at its facilities in a timely manner; regulatory or political change such as changes in applicable laws and regulations, including bureaucratic delays or inefficiencies or any other reasons; any other factors or developments which may hinder market growth; Rubicon Organics' limited operating history and lack of historical profits; reliance on management; the effect of capital market conditions and other factors on capital availability; the Company’s ability to attract and retain skilled staff; competition, including from more established or better financed competitors; and the need to secure and maintain corporate alliances and partnerships, including with customers and suppliers. 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
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