• Rubicon Organics awarded two prestigious wins at the annual KIND Awards;
  
• Awarded Cannabis Company of the Year, considered KIND’s marquee award;
• Secured People’s Choice Best Weed, voted by over 860 retail owners and budtenders nationwide.
  

VANCOUVER, British Columbia, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF) (“Rubicon Organics”, “Rubicon”, or the “Company”), a licensed producer focused on cultivating and selling organic certified, premium cannabis, is pleased to announce it has won KIND Magazine’s (“KIND”) Cannabis Company of the Year award and People’s Choice for Best Weed award.

Cannabis Company of the Year

Rubicon Organics clinched the esteemed title of Cannabis Company of the Year, regarded as KIND’s premier accolade. This recognition is bestowed upon the licensed producer that, in the eyes of the KIND editorial team, exemplifies the finest combination of personnel, purpose, and product throughout the year.

People’s Choice Best Weed

The Company secured the People’s Choice Best Weed award, a recognition determined by retail owners and budtenders represented nationwide. Budtenders, acknowledged as pivotal influencers in the industry, singled out Rubicon Organics for delivering best-in-class cannabis products.

Expressing her pride and gratitude for the accolades, Margaret Brodie, Interim CEO and CFO, remarked, “I am very proud to receive these important awards. This recognition is a testament to the outstanding work we are doing. Concluding 2023 with these accolades, coupled with our trajectory towards profitability and a robust financial position, brings positive tidings for both the present and the future. The Cannabis Company of the Year title reflects the strength of our team, brands, and quality products”.

Melanie Ramsey, Chief Commercial Officer, shared her excitement, stating, “Receiving both awards is a defining moment for our team. We are particularly honored to receive the People’s Choice Best Weed award. Budtenders play a crucial role at the point of sale, and this award acknowledges these influential individuals who personally appreciate our product and confidently recommend it. This achievement follows earlier recognition this year, where two of our brands ranked among the top 3 most recommended by budtenders.”

Joshua Nagel, Founder and Chief Dream Officer for KIND, said “We are pleased to present two awards, the KIND Cannabis Company of the Year (people, product, purpose) and People’s Choice Best Weed award, to Rubicon Organics. 867 cannabis retail owners and staff voted on the awards this year from across Canada. The largest turnout of its kind.”

Highlighting the significance of the People's Choice Best Weed award, Joshua Nagel stated “For People’s Choice Best Weed, the most competitive award of the evening, voters could choose any brand in Canada. Simply Bare™ Organic and 1964 Supply Co™ came out on top as the winners.”

Joshua Nagel continued, underscoring the exceptional qualities of Rubicon Organics, stating “Through all of the data we collected this year from events and surveys, Rubicon Organics proved again and again, they not only are producing some of the best and most consistent products in the country, they are one of the great success stories of the Canadian cannabis industry. Combine that with the people inside the organization, how they show up for the community at events and it’s continued focus on quality and innovation, KIND is so very proud to award them with the KIND Cannabis Company of the Year.”

ABOUT RUBICON ORGANICS INC.

Rubicon Organics Inc. is the global brand leader in premium organic cannabis products. The Company is vertically integrated through its wholly owned subsidiary Rubicon Holdings Corp, a licensed producer. Rubicon Organics is focused on achieving industry leading profitability through its premium cannabis flower, product innovation and brand portfolio management, including three flagship brands: its super-premium brand Simply Bare™ Organic, its premium brand 1964 Supply Co™, and its cannabis wellness brand Wildflower™ in addition to the Company’s mainstream brand Homestead Cannabis Supply™ and its premium concentrate brand Lab Theory™.

The Company ensures the quality of its supply chain by cultivating, processing, branding and selling organic certified, sustainably produced, super-premium cannabis products from its state-of-the-art glass roofed facility located in Delta, BC, Canada.

CONTACT INFORMATION

Margaret Brodie
Interim CEO & CFO
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.

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 of future performance, statements regarding Rubicon Organics' goal of achieving industry leading profitability 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 upon certain assumptions that management considers reasonable in the circumstances, including the impact on revenue of new products and brands entering the market, and the timing of achieve Adjusted EBITDA profitability and cashflow positive. Risks and uncertainties associated with the forward looking information in this press release include, among others, dependence on obtaining and maintaining regulatory approvals, including acquiring and renewing federal, provincial, local or other licenses and any inability to obtain all necessary governmental approvals licenses and permits for construction at its facilities in a timely manner; regulatory or political change such as changes in applicable laws and regulations, including bureaucratic delays or inefficiencies or any other reasons; any other factors or developments which may hinder market growth; Rubicon Organics' limited operating history and lack of historical profits; reliance on management; and the effect of capital market conditions and other factors on capital availability; competition, including from more established or better financed competitors; and the need to secure and maintain corporate alliances and partnerships, including with customers and suppliers; and those factors identified under the heading "Risk Factors" in Rubicon Organic’s annual information form dated March 31, 2023 filed with Canadian provincial securities regulatory authorities.

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.

We have made numerous assumptions about the forward-looking statements and information contained herein, including among other things, assumptions about: optimizing yield, achieving revenue growth, increasing gross profit, operating cashflow and Adjusted EBITDA profitability. Even though the management of Rubicon Organics believes that the assumptions made, and the expectations represented by such statements or information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements. Investors are cautioned against undue reliance on forward-looking statements or information. Forward-looking statements and information are designed to help readers understand management's current views of our near and longer term prospects and may not be appropriate for other purposes. Rubicon Organics assumes no obligation to update any forward-looking statement, even if new information becomes available as a result of future events, changes in assumptions, new information or for any other reason except as required by law.