Rubicon Organics Launches New SKUs
Rubicon Organics (OTCQX: ROMJF) announced the launch of four new cannabis products in Ontario, including 1964 Supply Co™ Sour Cookies and Simply Bare™ Organic Island Pink Kush. This marks the entry of the 1964 Supply Co™ premium brand into the Ontario market. The company received purchase orders for various products, aiming for increased revenue growth in the latter half of 2021. CEO Jesse McConnell emphasized that this strategy supports their goal of achieving monthly EBITDA profitability. Rubicon is focused on becoming a global leader in organic cannabis.
- Launch of four new premium cannabis products, expanding market reach.
- Anticipated contribution to revenue growth in the second half of 2021.
- CEO expresses confidence in achieving monthly EBITDA profitability in 2021.
- None.
VANCOUVER, British Columbia, Sept. 14, 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 four new products are now available at the Ontario Cannabis Store: 1964 Supply Co™ Sour Cookies premium flower and Organic Hash, both in 3.5g product formats, and Simply Bare™ Organic Island Pink Kush in both 3.5g and 3x0.5g pre-roll formats. This marks the introduction of the 1964 Supply Co™ premium cannabis brand to the Ontario market.
The Company has also received purchase orders for:
- Ontario Cannabis Store: mainstream flower brand Homestead Cannabis Supply™. The Homestead™ Bandwagon Blue Dream in a 28g format is expected to be on shelves in October
- British Columbia Liquor Distribution Branch: 1964 Supply Co™ Romulan and both Simply Bare™ Organic Island Pink Kush and Sweet Bubba, to be available later in September
- Alberta Gaming, Liquor and Cannabis: 1964 Supply Co™ LA Kush and Organic Hash, as well as Simply Bare™ Organic Island Pink Kush and Sweet Bubba, will be rolling out throughout September and October
“Rubicon Organics has built a very credible reputation through its flagship super-premium brand Simply Bare™ Organic, and this is resulting in high demand for our newly launched premium and mainstream brands. Our good, better, best strategy is unfolding as planned, and we expect that sales from these new products will contribute to accelerated revenue growth in the second half of the year and materially advance the Company’s goal of obtaining monthly EBITDA profitability in 2021,” 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 Bare™ Organic, its super-premium concentrate brand LAB THEORY™, its premium flower and hash brand 1964 Supply Co™ and mainstream brand Homestead Cannabis Supply™.
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 belief that revenue will accelerate in the second half of the year, that the Company can meet its goal of becoming EBITDA profitable on a monthly basis in 2021, that products will be on shelves as planned, it is becoming the global brand leader in organic cannabis products, and 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.
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