Rubicon Organics Earnngs + Call Notes
Premium Canadian LP updates investors.
Delivered a record net revenue of $13.5M for Q3 2024, a 34% increase YoY, and $34.5M for the first nine months of 2024, a 15% increase YoY.
Adjusted EBITDA of $2M for the three months ended September 30, 2024.
Operating cash flow of $0.9B for the three months ended September 30, 2024.
#1 premium licenced producer across all categories.
“Rubicon Organics record net revenue for both Q3 and YTD24 reflects our strength and position as Canada’s leading premium House of Brands. Rubicon Organics continues to innovate and expand our product offerings, solidifying a strong market share in premium flower, pre-rolls, edibles, and more. I’m particularly proud of the success of our 2024 vape launch, which has already achieved 55% distribution in just six months. Looking ahead, we expect to drive further growth in Canada and beyond, as we intend for new market entry in 2025.”
Call Notes
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