Rubicon Organics Earnings + Call Notes
Building brands and going global.
Achieved net revenue of $12.4M
^ 39.2% increase vs. same quarter in prior year
Generated Adjusted EBITDA of $0.7M
^ improvement of $1.1M YoY
Removed conditions precedent for the purchase of the Hope Facility
^ advancing strategic expansion plans
Completed a private placement for aggregate gross proceeds of $4.5 million
”We’re proud to deliver another strong quarter of revenue growth and profitability. Rubicon is cementing its leadership in premium organic cannabis through innovation, disciplined execution, and brand trust.
With the removal of conditions for the purchase of the Hope Facility and the successful completion of our $4.5M private placement, we are well-positioned for long-term growth, both in Canada and internationally. Our strategic priorities remain focused on disciplined growth, operational efficiency, and product innovation.”
Margaret Brodie, CEO
Call Notes
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