VANCOUVER, British Columbia, June 05, 2025 (GLOBE NEWSWIRE) -- June 5, 2025 – Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF) (“Rubicon Organics”, “Rubicon” or the “Company”), a licensed producer focused on cultivating and selling organic certified and premium cannabis products, today announced the closing of its acquisition of an operational, purpose-built 47,500 sq. ft. indoor cultivation facility in Hope, British Columbia. The acquisition is a key milestone in Rubicon’s growth strategy to expand premium and certified organic cannabis production.
“This acquisition marks a transformative step in scaling our premium cannabis platform,” said Margaret Brodie, Chief Executive Officer. “With the Hope Facility, we are going beyond just increasing production—we’re building capacity for further innovation, product development, and international expansion, all while reinforcing our existing leadership in the premium segment.”
The Hope Facility spans 47,500 square feet of purpose-built indoor capacity and is equipped with advanced cultivation technology, supporting Rubicon Organics’ strategy to expand its premium product offerings and increasing supply to meet rising demand. The Company estimates annual production capacity of the Hope Facility to be up to 4,500 kgs, representing more than a 40% increase compared with our current annual production capacity from the Delta Facility, bringing total annual production capacity to 15,500 kg of premium cannabis.
Pending licensing timing expected sometime in the summer, we expect all cultivation rooms to be planted by the end of 2025 with full production capacity level targets reached by the end of 2026. While we plan to outlay just over $3 million in operating startup costs during 2025, we do not expect revenue contribution until the first half 2026. The Company will provide further updates on production timelines in the coming months.
ABOUT RUBICON ORGANICS INC.
Rubicon Organics is a Canadian leader in premium, certified organic and premium cannabis. With a vertically integrated model and strong national distribution, the Company is scaling a house of trusted, high-performing brands including Simply Bare™ Organic, 1964 Supply Co.™, Wildflower™, and Homestead Cannabis Supply™.
The Company’s production base is anchored by its Delta Facility, and is now complemented by the acquisition of the Hope Facility which will expand production capacity by over 40% and support future growth in both domestic and export markets. With proprietary genetics, award-winning products, and certifications enabling international distribution, Rubicon is positioned at the forefront of the premium cannabis segment.
As the Canadian market continues to rationalize and global demand for high-quality cannabis increases, Rubicon’s disciplined execution, brand equity, and consumer loyalty set it apart. Rubicon’s focus on premium quality, innovation, and operational execution has driven consistent annual revenue growth and positive Adjusted EBITDA. The Company is well-capitalized following a recent $4.5 million financing and is on track for continued revenue and Adjusted EBITDA1 expansion.
Rubicon Organics represents a rare combination of category leadership, operational strength, and long-term growth potential.
CONTACT INFORMATION
Margaret Brodie, CEO
Phone: +1 (437) 929-1964
Email: ir@rubiconorganics.com
The TSX Venture Exchange or its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) does not accept responsibility for the adequacy or accuracy of this press release.
1 Adjusted EBITDA is a non-GAAP measure that is calculated as earnings (losses) from operations before interest, tax, depreciation and amortization, share-based compensation expense, and fair value changes.
Cautionary Statement Regarding Forward Looking Information
This press release contains forward-looking information within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs; the expected benefits of the Hope Facility acquisition on the Company’s production capacity and growth strategy; the anticipated timing for commencement of operations, first harvests, and revenue generation from the Hope Facility; and the Company’s ability to meet growing consumer demand are “forward-looking statements”. Forward-looking information can be identified by the use of words such as “will” or variations of such word or statements that certain actions, events or results “will” be taken, occur or be achieved. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward looking statements. The forward-looking information in this press release is based on certain assumptions that management considers reasonable under the circumstances, including the Company’s acquisition of the Hope Facility, the Hope Facility strengthening the Company’s premium production capacity, growing demand of the Company’s leading brand portfolio, the acceleration of the Company’s growth beyond its existing footprint, the intended use of the Hope Facility, obtaining required regulatory approvals such as licensing, planting and production schedules, projected start-up costs, and the impact of the Hope Facility on the Company’s business. These statements are based on current expectations, estimates, and projections about the Company’s business and the industry in which it operates. Risks and uncertainties associated with the forward-looking information in this press release include, among others, risks related to regulatory approvals, changes in market conditions, competition, supply chain disruptions, the Company’s ability to maintain certification standards, and the successful implementation of its business strategy. These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. Although Rubicon Organics has attempted to identify important risk factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other risk factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements. Rubicon Organics assumes no obligation to update any forward-looking statement, even if new information becomes available as a result of future events, new information or for any other reason except as required by law.
