From GlobeNewswire: 2025-04-01 23:15:00

Rubicon Organics Inc. reported record high net revenue of $14.2 million for Q4 2024, a 42% increase from Q4 2023. The company achieved positive operating cash flows of $2.3 million and secured $10 million credit facilities at an interest rate of 6.75% for 5 years. Additionally, they entered into a purchase and sale agreement for a facility in Hope, BC, expanding their premium flower capacity by 40%. For the full year of 2024, Rubicon Organics reported a record net revenue of $48.7 million, a 21% increase from 2023, with an Adjusted EBITDA of $4.0 million.

Rubicon Organics Inc. is a leading premium organic cannabis producer in Canada, focusing on cultivation and selling of premium and super-premium cannabis products. The company’s CEO, Margaret Brodie, highlighted the strong growth in 2024, driven by their industry-leading premium brands and product innovation. CFO Janis Risbin mentioned successful navigation of challenges and refinancing at industry-leading rates. The company also secured international certifications and made its first international shipment.

Looking ahead to 2025, Rubicon Organics plans to secure additional premium quality supply and expand its production capacity by acquiring the Hope Facility in Q2. They anticipate growth in net revenue and Adjusted EBITDA, excluding costs associated with the Hope Facility. The company also highlighted their commitment to building trust with Canadian customers and emphasized their valuable cannabis genetics as a competitive advantage in the industry. Rubicon Organics aims to meet the growing demand for premium products both domestically and internationally.



Read more at GlobeNewswire: Rubicon Organics Reports 2024 Financial Results