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Cannabis Confidential
Rubicon Organics Earnings + Call Notes

Rubicon Organics Earnings + Call Notes

Canadian premium cannabis leader shares Q323 results.

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Todd Harrison
Nov 15, 2023
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Cannabis Confidential
Cannabis Confidential
Rubicon Organics Earnings + Call Notes
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Rubicon Organics Earnings

  • Net revenue of C$10M and C$30.1M for the three and nine months ended September 30, 2023

  • Adjusted EBITDA of C$1.1M and C$3.1M for the three and nine months ended September 30, 2023

  • Achieved operating cash flow of C$1.4M and C$4.0M for the three and nine months ended September 30, 2023

  • 5.6% national market share of premium flower and pre-rolls for the three months ended September 30, 2023

  • 5.1% national market share of premium edibles for the three months ended September 30, 2023 following initial launch in Q2 2023

  • Wildflower™ is the number one topical brand in Canada with market share of 26.0% and 22.0% for the three and nine months ended September 30, 2023

Call Notes

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