From GlobeNewswire: 2024-05-15 21:26:00

Rubicon Organics Inc. reported strong financial results for Q1 2024, with $8.9 million in net revenue and a 1% increase from Q1 2023. They are the number one premium licensed producer in Canada, holding a national market share of 22.0% for flower and pre-rolls. The launch of full spectrum extract vapes is expected to drive revenue growth.

Despite challenges in the market, Rubicon maintained revenue levels in line with Q1 2023. With plans to refinance debt later in the year, they are focused on strengthening their foundation. The company is launching new genetics under their Simply BareTM Organic and 1964 Supply CoTM brands to continue leading in the premium cannabis market.

Rubicon’s strategy includes a strong premium branded portfolio with a focus on innovation to meet market trends. They are launching into the vape category with 1964 Supply CoTM vapes, taking advantage of the market’s robust growth. With a commitment to quality and excellence, Rubicon aims to maintain a competitive edge in the industry.



Read more at GlobeNewswire:: Rubicon Organics Reports Q1 2024 Financial Results