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Rubicon Organics Inc (QX)

Rubicon Organics Inc (QX) (ROMJF)

0.25
-0.0255
(-9.26%)
Closed May 05 4:00PM

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Key stats and details

Current Price
0.25
Bid
0.254
Ask
0.28
Volume
1,010,715
0.25 Day's Range 0.28
0.24475 52 Week Range 0.45
Market Cap
Previous Close
0.2755
Open
0.269446
Last Trade
10
@
0.266
Last Trade Time
Financial Volume
$ 282,885
VWAP
0.279886
Average Volume (3m)
13,792
Shares Outstanding
56,191,661
Dividend Yield
-
PE Ratio
-10.49
Earnings Per Share (EPS)
-0.03
Revenue
40.12M
Net Profit
-1.82M

About Rubicon Organics Inc (QX)

Sector
Pharmaceutical Preparations
Industry
Pharmaceutical Preparations
Headquarters
Vancouver, British Columbia, Can
Founded
1970
Rubicon Organics Inc (QX) is listed in the Pharmaceutical Preparations sector of the OTCMarkets with ticker ROMJF. The last closing price for Rubicon Organics (QX) was $0.28. Over the last year, Rubicon Organics (QX) shares have traded in a share price range of $ 0.24475 to $ 0.45.

Rubicon Organics (QX) currently has 56,191,661 shares outstanding. The market capitalization of Rubicon Organics (QX) is $19.11 million. Rubicon Organics (QX) has a price to earnings ratio (PE ratio) of -10.49.

ROMJF Latest News

No news to show yet.
PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10000.28000CS
4-0.045-15.25423728810.2950.2950.25149640.28269983CS
12-0.0992-28.40778923250.34920.34920.25137920.29217102CS
260.005252.145045965270.244750.450.24475185050.32719398CS
52-0.162485-39.3917354570.4124850.450.24475127340.33256481CS
156-2.2-89.79591836732.452.5190.2447577850.8663773CS
260-2.03-89.03508771932.283.39360.2447576811.47515404CS

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ROMJF Discussion

View Posts
JohnCM JohnCM 11 months ago
Good earnings.
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pauly3 pauly3 3 years ago
I’m sure that there have been retail stores in Canada that have closed because of Covid 19. However, Rubicon did not own or operate any retail stores. They will be affected by the store closures in that there are less retail outlets for Rubicon to wholesale to. The overall demand for ultra premium cannabis is still there though and Rubicon’s products are consistently ranked in the top 2 or 3. Just a hiccup in the supply chain due to Covid, just like everything else in the whole entire world.
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Mygolfballs Mygolfballs 3 years ago
Thats what they said in earnings report

COVID-19 related store closures will impact Rubicon Organics’ ability to achieve its previously disclosed Adjusted EBITDA and operating cash flow targets in Q2 2021
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pauly3 pauly3 3 years ago
First I heard that Rubicon Organics had stores? Rubicon is an LP that sells their products to dispensaries.
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Mygolfballs Mygolfballs 3 years ago
So why the tank job here? They were expecting profitability >>4m losses << inqtr but from what I read they closed down stores and are not planning reopening

What gives 1.00 ??
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pauly3 pauly3 3 years ago
Only a small position at the moment. Keeping an eye on things here and the cannabis sector in general. I have a feeling that the US Senate will be voting on some cannabis legislation soon. It would make sense to pass a few bi partisan bills that are IMO ‘no brainers’, but then again, that would make too much sense.
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Mygolfballs Mygolfballs 3 years ago
Still holding?
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Mygolfballs Mygolfballs 3 years ago
If the market starts tanking this handles a correction how well?
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pauly3 pauly3 3 years ago
Because I own shares of it you Silly goose.
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Mygolfballs Mygolfballs 3 years ago
VLNCF was 1.10 now 3.00+++

Why is this the lagger?
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pauly3 pauly3 3 years ago
Warren Buffett says the stock market is a means of moving money from the impatient to the patient. Rubicon has great management and I have plenty of patience for Jesse McConnell and crew. Especially in the wake of a worldwide pandemic that has affected the business plan of almost everyone.
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Mygolfballs Mygolfballs 3 years ago
I guess 1st qtr profitability is maybe next qtr

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Mygolfballs Mygolfballs 3 years ago
3 million loss 1st qtr ?
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pauly3 pauly3 3 years ago
I don’t know who told you that. The management at Rubicon stated profitable by 1st or 2nd qt 2021
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Mygolfballs Mygolfballs 3 years ago
I thit they were going to be profitable last year?
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pauly3 pauly3 3 years ago
Chart looks like it’s time to buy soon!
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Mygolfballs Mygolfballs 3 years ago
Chart looks ugly unless u scalp it

Lower highs and descending triangle
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pauly3 pauly3 3 years ago
These prices are a gift given to us a week before Rubicon announces what could very well be their first profitable quarter.
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pauly3 pauly3 3 years ago
Tanking is a major over exaggeration on your part. This stock has only ever been as high as $3.20 or so.
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Mygolfballs Mygolfballs 3 years ago
So whats up with the tanking stock then?
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pauly3 pauly3 3 years ago
Simply BareTM Q4 2020 market share:
#1 Premium Pre-roll brand in BC, AB, & ON ($10+/g)
#1 Organic Flower brand in BC, AB, ON
#1 Premium Flower brand in British Columbia
#1 Premium ITEM in British Columbia
#1 Super-Premium Flower brand ($50+/3.5g) in Ontario #2 Premium brand ($40+/3.5g) in Ontario
#2 Premium brand in Alberta
#2 Pre-roll brand (total market) in British Columbia
$5.00 gross margin/gram
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pauly3 pauly3 3 years ago
https://www.google.com/amp/s/www.cnbc.com/amp/2021/03/30/new-york-state-senate-passes-bill-to-legalize-recreational-weed.html
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pauly3 pauly3 3 years ago
Nice to see volume increases on both the Canadian and US side. Maybe Rubicon is finally getting noticed by the retail investors out there.
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pauly3 pauly3 3 years ago
If that’s what the company said, I would go by that, not what I say. So far Jesse McConnell and Rubicon Organics has kept to their word.
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Mygolfballs Mygolfballs 3 years ago
Hmm thot they said 1st half of 2021

Bummer
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pauly3 pauly3 3 years ago
Seems like they are still building their business to their vision of what full capacity would be for Rubicon Organics. So cash flow positive may not be for a little while yet. Sales numbers and how their sales rank in the premium organic cannabis market I feel are more important numbers at the moment. If they can consistently put out premium products that people desire and consistently rank in the top 3 of premium cannabis products sold, profitability will be the by product. I would think they are going to keep investing back into the company for quite some time yet. I still feel the cannabis industry is only a little past infancy. It may be past the toddler stage, and now an actual child, but still a ways to go to be in the adolescent stage. Like the saying goes, “if you build it they will come”. If they keep turning out the best premium organic cannabis in Canada, they will continue to demand premium prices and in turn continue to have growing sales numbers.
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Mygolfballs Mygolfballs 3 years ago
$ROMFJ when is this cash flow positive?

Grim
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pauly3 pauly3 3 years ago
Good article about demand for premium flower rising.

https://mjbizdaily.com/premium-flower-demand-drives-colorado-wholesale-marijuana-prices-to-nearly-five-year-highs/
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pauly3 pauly3 3 years ago

Rubicon Organics launches LAB THEORY™ Concentrate Brand
VANCOUVER, BRITISH COLUMBIA – Dec 11, 2020
Cannabis 2.0 product line will now include THCA diamonds, caviar and live resin products
Available in British Columbia in the coming weeks
Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF) (“Rubicon Organics” or the “Company”), a licensed producer focused on cultivating and selling organic certified cannabis, is pleased to announce the launch of its LAB THEORY™ concentrate brand and five new products that will be available in THCA diamonds, caviar and live resin formats.

“LAB THEORY™ is Rubicon Organics’ first premium concentrate brand and is demonstrative of our unrelenting obsession with quality. I am confident that discerning cannabis consumers who value a premium experience will be impressed with LAB THEORY’s™ flavorful and terpene-rich suite of products. This exciting new brand is just the beginning of our deep product innovation pipeline that we will be launching throughout 2021” said Jesse McConnell, Chief Executive Officer.
lab
LAB THEORY™ products will be available in the coming weeks, first launching in British Columbia, with the first purchase order received and shipment expected prior to the end of 2020. Five new products will be available as part of this brand launch: Diamonds – PJP #8, Diamonds – Banana OG, Caviar – Sour Cks, Caviar – Sour Secret Strawberry and Live Resin – Tangie Cks.

For detailed product descriptions, please visit: www.labtheory.com.
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pauly3 pauly3 3 years ago
Rubicon Organics Inc. Price Target Raised to C$5.00/Share From C$4.20 by Haywood Securities
12:18pm ET 11/26/2020 Dow Jones
Ratings actions from Baystreet: http://www.baystreet.ca

(END) Dow Jones Newswires

November 26, 2020 12:18 ET (17:18 GMT)
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pauly3 pauly3 3 years ago

Rubicon Organics Reports Third Quarter Financial Results and Operational Milestones
VANCOUVER, BRITISH COLUMBIA – Nov 25, 2020

Reported net revenue of $3.2 million, an increase of 219% as compared to Q2 2020
Executed Letter of Understanding with SQDC to sell its flagship Simply Bare™ Organic super-premium flower in Québec
Advanced cannabis 2.0 product innovation pipeline with agreements to bring CBD Relief Sticks and CBD Cool Sticks, PAX® ERA™ pods and proprietary concentrate products to the Canadian market
Announced acceleration of warrant expiry date for 3.1 million warrants at an exercise price of $3.50 per share
Rubicon Organics Inc. (“Rubicon Organics” or the “Company”) (TSXV:ROMJ) (OTCQX:ROMJF), today reported its financial results for the third quarter ended September 30, 2020 (“Q3 2020”). All amounts are expressed in Canadian dollars.

“The net revenue increase we delivered in Q3 2020 is only the beginning of Rubicon Organics demonstrating its potential. We have been operating at full capacity for six months now, and more and more Simply Bare™ Organic product continues to hit the shelves across the country with customers and cannabis connoisseurs giving strong endorsements of our super-premium organic products. Our journey is only going to get more exciting from here. We have invested in world class personnel that will help bring new brands and products to market that will capture the desire of consumers to drive our growth in revenue and profitability,” said Jesse McConnell, Chief Executive Officer.

Q3 2020 Highlights:

Earned $3.2 million of net revenue, an increase of $2.2 million or 219% as compared to Q2 2020;
Entered into a brand licensing agreement with Wildflower Brands Inc. (CSE:SUN) for the production of Wildflower-branded CBD Relief Sticks and CBD Cool Sticks in Canada;
Commenced trading on the TSX Venture Exchange on September 22, 2020;
Entered into a distribution agreement with PAX LABS®, Inc. subsequent to quarter-end to launch pods for the closed-loop PAX® ERA™ system under its Simply Bare™ Organics brand;
Signed a cannabis 2.0 product distribution agreement subsequent to quarter-end with Canada House Wellness Group Inc. (CSE: CHV) for the distribution Rubicon Organics’ line of concentrate products;
Completed the amalgamation of subsidiaries which allows for over $20 million of tax losses to be applied against future profits; and
On November 16, 2020, announced the acceleration of the warrant expiry date for 3.1 million warrants at an exercise price of $3.50 per share.
Q3 2020 Select Financial and Operational Results:
Q3 results
In Q3 2020, Rubicon Organics earned $3.2 million of net revenue which is an increase of $2.2 million or 219% as compared to the second quarter Q2 2020. This increase in net revenue is attributable to higher sales volume through direct sales to provincial suppliers and under the Agro-Greens Agreement.

The Company reported an Adjusted EBITDA loss of $2.6 million in Q3 2020, as compared to a loss of $2.5 million in Q2 2020 and a loss of $2.5 million in the prior year. The sequential change in Adjusted EBITDA is attributable to the increase in net revenue in Q3 2020, offset by additions to senior personnel and compensation across the organization, and general and administrative expenses.

The Company reported a net loss of $4.3 million in Q3 2020, as compared to a net loss of $1.8 million in Q2 2020 and net loss of $4.5 million in the prior year. The sequential change in profitability reflects fair value changes in the Company’s cannabis assets and the variance relative to Q3 2019 reflects the increase to net revenue offset by the impact of fair value changes on cannabis assets and discontinued operations.

Outlook

Rubicon Organics is focused on building its portfolio of premium brands in the Canadian market that is anchored by its flagship Simply BareTM Organic cannabis brand. The Company intends to launch additional brands into the market in both the flower and extract categories, along with a diverse portfolio of cannabis 2.0 products. The Company has also established distribution channels to Germany with the expectation to enter international markets in 2021.

The Company has direct supply agreements with the OCS, BCLDB and AGLC and has recently signed with the SQDC. The Company expects to ramp up product deliveries to these markets as well as initiate product shipment to Quebec in December 2020. The Company plans to continue to use local distributors in Saskatchewan and Manitoba.

Following approval from Health Canada on May 5, 2020 for site amendments that included the use of its land at the Delta Facility for an outdoor grow, the Company launched a pilot scale outdoor grow. Following on from the lessons of this pilot scale program, the Company is assessing the scale and viability of a larger outdoor grow program in 2021.
The Company has installed additional high-performance LED lighting in the final three of its five flowering compartments to increase quality and yield throughout the year. The Company is performing an assessment of areas for additional capital expenditure which would increase throughput and efficiency. Renovations to the Delta Facility’s processing area are underway to facilitate compliance with EU-GMP requirements thereby providing access to the German market through the Company’s supply agreement with Canacur GmbH. The Company has developed an extensive product innovation pipeline and is preparing to bring the first phase of those products to market.
The Company is determined to achieve positive operating cash flow and profitability. The Company currently expects to achieve positive adjusted EBITDA on a monthly basis by year-end 2020 and to achieve monthly positive cash flow from operations in the first half of 2021. The Company expects to generate significant operating leverage by maintaining moderate increases in production costs and operating expenses, with linear increases in inventory expensed to costs of sales relative to net revenue, but at a lower per unit cost.

The Company expects to refinance debt maturing in 2021 to a long-term mortgage financing facility, potentially with more favourable terms, and may seek other capital through equity, and other debt arrangements.

The COVID-19 outbreak was declared a pandemic by the World Health Organization in 2020. The situation is dynamic and the ultimate duration and magnitude of the impact on the economy and our business are not known at this time. These impacts could include an impact on our ability to maintain operations, to obtain debt and equity financing, access to necessary supplies, credit risk associated with our accounts receivable, impairments in the value of our long-lived assets, or potential future decreases in revenue or the profitability of our ongoing operations. The Company continues to work diligently to ensure operations continue and product is delivered while continuing to emphasize the safety of our product and employees.

Conference Call

The Company will be hosting a conference call to discuss Q3 2020 results on November 25, 2020. Conference call details are as follows:

Date and time: 7:00 AM PT / 10:00 AM ET
Conference ID: 9481876
Local dial-in: (833) 900-2238
International dial-in: (647) 689-5136
Webcast: https://onlinexperiences.com/Launch/QReg/ShowUUID=43EDC416-C639-4D8B-8070-726F9F1C0EAA
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pauly3 pauly3 3 years ago
Rubicon Organics to Enter Québec Market
VANCOUVER, BRITISH COLUMBIA – Nov 24, 2020

Executed Letter of Understanding with SQDC to sell its flagship Simply Bare™ Organic flower.
Rubicon Organics products will soon be available to over 90% of the Canadian population.
Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF) (“Rubicon Organics” or the “Company”), a licensed producer focused on cultivating and selling organic certified cannabis, today announced that it has executed a letter of understanding (“LOU”) with Société québécoise du cannabis (“SQDC”) for the distribution of its portfolio of cannabis products to consumers in the province of Québec. The Company is expecting to make its first shipment under the agreement in the coming weeks. Simply Bare™ Organic flower will now be available in stores and online from British Columbia to Québec inclusively.

"Québec represents an important milestone in the development of Simply Bare™ Organic. The addition of Québec provides Rubicon Organics a national distribution platform that makes our products accessible to over 90% of the Canadian population. In addition to the Simply Bare™ Organics product portfolio, we look forward to offering new brands and products that will be exclusively available in Québec in the upcoming months," said Jesse McConnell, Chief Executive Officer.
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pauly3 pauly3 3 years ago
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pauly3 pauly3 3 years ago
Any guesses on what we’re gonna hear from the quarterly report in regards to revenues. I’m gonna guess somewhere between $3.5-$5mil in the 3rd qt.
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pauly3 pauly3 3 years ago
Rubicon Organics to Report Q3 2020 Results
VANCOUVER, BRITISH COLUMBIA – Nov 18, 2020

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 will be reporting its financial results for the third quarter ended September 30, 2020 (“Q3 2020”) before market opens on November 25, 2020.

The Company will be hosting a conference call to discuss Q3 2020 results on November 25, 2020.

Conference call details are as follows:

Date and time: 7:00 AM PT / 10:00 AM ET
Conference ID: 9481876
Local dial-in: (833) 900-2238
International dial-in: (647) 689-5136
Webcast: Link
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pauly3 pauly3 3 years ago
Rubicon Organics Announces Acceleration of Warrant Expiry Date
VANCOUVER, BRITISH COLUMBIA – Nov 16, 2020
Warrant acceleration may result in gross proceeds to the Company of up to $10.9 million
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 elected to accelerate the expiry date of the common share purchase warrants issued on August 23, 2019 (the “Warrants”) under the warrant indenture between Odyssey Trust Company (the “Warrant Agent”) and the Company dated August 21, 2019 (the “Warrant Indenture”).

"The exercise of these warrants allows Rubicon Organics to bolster its balance sheet and provides us additional capital to continue our rapid growth, particularly through offering new strains, brands and cannabis 2.0 products to the Canadian market. Our current expectation is that the Company will become operating cash flow positive in the first half of 2021 and, with all major capital projects complete, Rubicon Organics remains in a very strong financial position" said Jesse McConnell, Chief Executive Officer.

Accelerated Expiry Date

Pursuant to the terms of the Warrant Indenture, if the daily volume weighted average trading price of the Company’s shares on the TSX Venture Exchange equals or exceeds $3.80 for twenty (20) consecutive trading days (the “Acceleration Trigger”), the Company is entitled to accelerate the expiry date of the Warrants to a date thirty (30) days from the date notice of such acceleration is provided to holders of Warrants. The Company has delivered to holders of Warrants a notice of the occurrence of the Acceleration Trigger and its election to accelerate the expiry date of the Warrants to December 16, 2020 (the “Accelerated Expiry Date”).

Any Warrants that have not been exercised by 3:00 p.m. (Vancouver time) on December 16, 2020 will automatically be cancelled.

As of November 13, 2020, 3,117,000 Warrants remain outstanding. Each Warrant entitles the holder to purchase one common share of the Company at $3.50. If all outstanding Warrants are exercised, gross proceeds to the Company will total $10,909,500, however, there can be no assurance that any of the Warrants will be exercised prior to the Accelerated Expiry Date.

Warrant holders who wish to exercise their Warrants should contact their investment advisor and submit an exercise notice form to the Warrant Agent. The contact details for the Warrant Agent is as follows: Odyssey Trust Company, Suite 350, 300 5th Avenue S.W., Calgary, Alberta, T2P 3C4, Tel: 1-587-885-0960.
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pauly3 pauly3 3 years ago
Expecting a nice upward move Monday morning! US side should at least jump to 3.15 to match the Canadian side. Add to that the sector jump in general due to anticipation of Biden winning the election. Now that Biden is been called the President elect, the sector should continue to move up. He said that he will decriminalize cannabis by executive order. Not legalization, but most definitely a positive step. Should bring more pressure for the Senate to finally vote on the SAFE banking act. Would be a nice way for our politicians to start working together. Little bit of the peace pipe is needed right about now.
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pauly3 pauly3 3 years ago
CORPORATE NEWSLETTER - OCTOBER 2020
MONTH IN REVIEW
“Our product innovation strategy gained a lot of momentum in October 2020. We completed a distribution agreement with PAX Labs, Inc. to fill organic cannabis oil pods for the PAX® ERA™ and PAX® ERA Pro™ premium vaporizers, and we secured a route to market for our cannabis 2.0 product line through a distribution agreement with Canada Wellness Group Inc. (CSE:CHV). These partnerships allow Rubicon Organics to accelerate the time to market for an expanded suite of branded products, maintain control of our high-quality organic production and meet our profitability targets. With additional strains, brands and products in our innovation pipeline, we are very excited for similar milestones in the near term."

Jesse McConnell, Chief Executive Officer.

October Social Media
October Social Media focus
Simply Bare™ Organic Branded Converse giveaway
NomadChef Budtender cooking class
Apple Toffee genetic release
NEWS COVERAGE
Rubicon Organics Establishes Route to Market for Cannabis 2.0 Products
Rubicon Organics signs distribution agreement with Canada House Wellness Group to sell concentrate products to provincial distributors
“With our route to market established for cannabis 2.0 products, we are excited to begin executing on our innovation pipeline. In the coming months, we will be launching our new premium concentrate brand along with a diverse portfolio of products. These products will highlight the terpene rich profile that our organic and sustainably cultivated Simply Bare™ flower has become known for,” said Jesse McConnell, Chief Executive Officer. “We are delighted to be partnering with Canada House to accelerate our time to market whilst we wait for Health Canada to issue our extract, edible and topical sales license that we submitted for in early September.”
Click for Press Release
Rubicon Organics Grants Deferred Share Units and Options

Rubicon Organics Inc. announces that it has granted 75,000 deferred share units (the "DSUs") and 80,000 stock options.
Click for Press Release
Rubicon Organics expands 2.0 offering with PAX Labs ® partnership
Rubicon Organics’ to fill organic cannabis oil pods for the PAX® ERA™ and PAX® ERA Pro™ premium vaporizers
Expected launch across Canada in H1 2021
Rubicon Organics Inc. is pleased to announce that it has entered into a distribution agreement with PAX Labs, Inc., a leader in premium cannabis vaporization technology. “Our innovation pipeline is building momentum,” said Tim Roberts, President. “This exciting partnership with PAX, enables us to accelerate our premium 2.0 product range into vape products. We expect to also leverage this technology partnership with our new brands and rare new strains that we expect to launch into the Canadian market in the near term.
PAX
Click for Press Release
ANALYST COVERAGE
divider_blue-1
MACKIE RESEARCH

Analyst: Greg McLeish • (416) 860-8633 • gmcleish@mackieresearch.com
HAYWOOD

Analyst: Neal Gilmer • (416) 507-2759 • ngilmer@haywood.com
DESJARDINS

Analyst: John Chu • (416) 607-3109 • john.chu@desjardins.com
SHARE TRACKER (V.ROMJ)
divider_blue-1
ROMJ OCT
Data sourced from Stockhouse. .Click graph to view live.
divider_blue-1
Click for Corporate Fact Sheet
Click for Corporate Presentation
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 and sells organic certified, sustainably grown, super-premium cannabis from its state-of-the-art hybrid greenhouse located in Delta, BC, Canada. Rubicon Organics is focused on achieving industry leading profitability through the development of brands and cannabis 2.0 products, including its flagship super-premium brand Simply Bare™ Organic.

Cautionary Statement Regarding Forward Looking Information

This newsletter 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 regarding the expected launch of a new premium concentrate brand and a diverse portfolio of 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 newsletter 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 newsletter 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 though 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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pauly3 pauly3 4 years ago
Nice jump up on the Canadian side, with volume.
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pauly3 pauly3 4 years ago
Rubicon Organics Establishes Route to Market for Cannabis 2.0 Products
VANCOUVER, BRITISH COLUMBIA – Oct 26, 2020
Rubicon Organics signs distribution agreement with Canada House Wellness Group to sell concentrate products to provincial distributors
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 has signed a cannabis 2.0 product distribution agreement with Canada House Wellness Group Inc. (CSE: CHV) (“Canada House”) (the “Agreement”), through Canada House’s wholly-owned subsidiary of Abba Medix Corp. In connection with the Agreement, Canada House will distribute Rubicon Organics’ line of concentrate products to Canada House’s provincial distributors while the Company waits to receive from Health Canada its authorization for sale of extracts, topicals and edibles.

“With our route to market established for cannabis 2.0 products, we are excited to begin executing on our innovation pipeline. In the coming months, we will be launching our new premium concentrate brand along with a diverse portfolio of products. These products will highlight the terpene rich profile that our organic and sustainably cultivated Simply Bare™ flower has become known for,” said Jesse McConnell, Chief Executive Officer. “We are delighted to be partnering with Canada House to accelerate our time to market whilst we wait for Health Canada to issue our extract, edible and topical sales license that we submitted for in early September.”
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pauly3 pauly3 4 years ago
Just in time for fall, BC Organic Apple Toffee!

https://www.simplybare.com/blog/bc-organic-apple-toffee-arrives-in-time-for-fall/
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pauly3 pauly3 4 years ago
TSX rising stars. Rubicon #16

https://money.tmx.com/en/stock-list/RISING_STARS
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pauly3 pauly3 4 years ago
Key data from the Canadian side

https://money.tmx.com/en/quote/ROMJ/key-data
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pauly3 pauly3 4 years ago
1st qt was $.5m in revenue
2nd qt was $1.2m in revenue
3rd qt results mid to late November ???

Somewhere between $2-3m might not be out of the question.
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brandao brandao 4 years ago
Choooo chooooo
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pauly3 pauly3 4 years ago
Nice volume today
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pauly3 pauly3 4 years ago
Personally, I think that the really good stuff is yet to come from Jesse McConnell. The guy literally wrote the book on organic cannabis with the Canadian govt. He was just getting started when Whistler was sold. You know he’s saving the good stuff for his own. I think the name Rubicon Organics is symbolic of Jesse’s ‘crossing the Rubicon’. Crossing the point of no return. I think that He’s all in and this time it’s not for sale.
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pauly3 pauly3 4 years ago
I agree. The management team here is as good as their product!
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brandao brandao 4 years ago
Any ceo that has a pipeline and sticks to every single goal. Plus a history of great companies. Proof is in the pudding.
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pauly3 pauly3 4 years ago
I know the pot stock hype has died down these days, but it still boggles my mind that no one in the US or Canada realizes that they can buy stock in the best premium organic cannabis LP in North America. Have you read any of the reviews of their Simply Bare line of cannabis? All rave reviews. And the deal with Pax vaporizers is awesome in my eyes.
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