VANCOUVER, British Columbia, Sept. 14, 2021 (GLOBE NEWSWIRE) — Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF) (“Rubicon Organics” or the “Company”), a licensed producer targeted on cultivating and promoting natural licensed and premium hashish, is happy to announce that 4 new merchandise at the moment are out there on the Ontario Cannabis Store: 1964 Supply Co™ Sour Cookies premium flower and Organic Hash, each in 3.5g product codecs, and Simply Bare™ Organic Island Pink Kush in each 3.5g and three×0.5g pre-roll codecs. This marks the introduction of the 1964 Supply Co™ premium hashish model to the Ontario market.
The Company has additionally acquired buy orders for:
- Ontario Cannabis Store: mainstream flower model Homestead Cannabis Supply™. The Homestead™ Bandwagon Blue Dream in a 28g format is predicted to be on cabinets in October
- British Columbia Liquor Distribution Branch: 1964 Supply Co™ Romulan and each Simply Bare™ Organic Island Pink Kush and Sweet Bubba, to be out there later in September
- Alberta Gaming, Liquor and Cannabis: 1964 Supply Co™ LA Kush and Organic Hash, in addition to Simply Bare™ Organic Island Pink Kush and Sweet Bubba, will probably be rolling out all through September and October
“Rubicon Organics has built a very credible reputation through its flagship super-premium brand Simply Bare™ Organic, and this is resulting in high demand for our newly launched premium and mainstream brands. Our good, better, best strategy is unfolding as planned, and we expect that sales from these new products will contribute to accelerated revenue growth in the second half of the year and materially advance the Company’s goal of obtaining monthly EBITDA profitability in 2021,” stated Jesse McConnell, Chief Executive Officer.
ABOUT RUBICON ORGANICS INC.
Rubicon Organics Inc. is changing into the worldwide model chief in natural hashish merchandise. Through its wholly owned subsidiary Rubicon Holdings Corp, a licensed producer, the Company cultivates, processes and sells natural licensed, sustainably produced, super-premium hashish merchandise from its state-of-the-art hybrid greenhouse situated in Delta, BC, Canada. Rubicon Organics is concentrated on reaching business main profitability via a give attention to innovation and the event of manufacturers and hashish 2.0 merchandise, together with its flagship super-premium model Simply Bare™ Organic, its super-premium focus model LAB THEORY™, its premium flower and hash model 1964 Supply Co™ and mainstream model Homestead Cannabis Supply™.
Chief Financial Officer
Phone: +1 (437) 929-1964
Email: [email protected]
The TSX Venture Exchange, its Regulation Services Provider (as that time period is outlined within the insurance policies of the TSX Venture Exchange) doesn’t settle for accountability for the adequacy or accuracy of this press launch.
Cautionary Statement Regarding Forward Looking Information
This press launch incorporates forward-looking info throughout the which means of relevant securities legal guidelines. All statements that aren’t historic information, together with with out limitation, statements concerning future estimates, plans, packages, forecasts, projections, goals, assumptions, expectations or beliefs of future efficiency, and statements such because the Company’s perception that income will speed up within the second half of the 12 months, that the Company can meet its purpose of changing into EBITDA worthwhile on a month-to-month foundation in 2021, that merchandise will probably be on cabinets as deliberate, it’s changing into the worldwide model chief in natural hashish merchandise, and the Company’s intention of reaching business main profitability are “forward-looking statements”. Forward-looking info will be recognized by means of phrases resembling “will” or variations of such phrases or statements that sure actions, occasions or outcomes “will” be taken, happen or be achieved. Such forward-looking statements contain identified and unknown dangers, uncertainties and different components which will trigger precise outcomes, occasions or developments to be materially completely different from any future outcomes, occasions or developments expressed or implied by such ahead wanting statements. The forward-looking info on this press launch is predicated upon sure assumptions that administration considers affordable within the circumstances, together with that its capital wants will probably be as at present projected. Risks and uncertainties related to ahead wanting info on this press launch embody, amongst others, info or statements in regards to the Company’s expectations of economic sources out there to fund operations; Rubicon Organics’ restricted working historical past and lack of historic earnings; acquiring the mandatory regulatory approvals; that regulatory necessities will probably be maintained; normal enterprise and financial situations; the Company’s potential to efficiently execute its plans and intentions; the Company’s potential to acquire financing at affordable phrases via the sale of fairness and/or debt commitments; the Company’s potential to draw and retain expert workers; market competitors; the merchandise and expertise supplied by the Company’s rivals; that our present relationships with our suppliers, service suppliers and different third events will probably be maintained; and the affect of the present international well being disaster brought on by the COVID-19 pandemic. These components needs to be thought-about fastidiously and readers are cautioned to not place undue reliance on such forward-looking statements. Although Rubicon Organics has tried to determine vital danger components that would trigger precise actions, occasions or outcomes to vary materially from these described in forward-looking statements, there could also be different danger components that trigger actions, occasions or outcomes to vary from these anticipated, estimated or meant. There will be no assurance that forward-looking statements will show to be correct, as precise outcomes and future occasions may differ materially from these anticipated in forward-looking statements. Rubicon Organics assumes no obligation to replace any forward-looking assertion, even when new info turns into out there because of future occasions, new info or for every other cause besides as required by regulation.