Rubicon Organics Inc. (V:ROMJ)
Business Focus: Medical Farming
| Sector: Healthcare | Industry: Healthcare Facilities & Services |
| Company Contact | |
| Address: | 505 - 744 West Hastings Street VANCOUVER BC V6C 1A5 |
| Tel: | N/A |
| Website: | https://rubiconorganics.com |
| IR: | See website |
| Key People | ||
| Margaret Brodie Interim Chief Executive Officer, Chief Financial Officer, Director | Janis Risbin Chief Financial Officer, Company Secretary | Peter Dierx Vice President - Operations | Melanie Ramsey Chief Commercial Officer, Director |
| Business Overview |
| Rubicon Organics Inc. is a Canada-based company that is engaged in the production and sale of cannabis products. The Company, through its subsidiary, Rubicon Holdings Corp, is a licensed producer. The Company is engaged in cultivating, processing and selling organic certified cannabis products, which it sells under its owned and licensed brands. The Company's brands portfolio includes Simply Bare Organic, 1964 Supply Co., Homestead Cannabis Supply, Lab Theory and Wildflower. The Company owns and operates a fully licensed approximately 125,000 square foot high-tech greenhouse located on an approximately 20 acres property in Delta, British Columbia (the Delta Facility). The Delta Facility utilizes cold cure processing rooms and follows Good Production Practices (GPP) for processing dried flower, performing solvent-less extraction and packaging finished goods. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Rubicon Organics Inc revenues increased 13% to C$40.1M. Net loss decreased 53% to C$1.8M. Revenues reflect Product sales increase of 13% to C$52.3M. Lower net loss reflects Realized fair value of inventory sold decrease of 15% to C$11.4M (expense), Share-based compensation decrease of 54% to C$1.4M (expense), Consulting, salaries and wages decrease of 18% to C$6.9M (expense). |
| Employees: | 180 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $21.90M as of Dec 31, 2023 |
| Annual revenue (TTM): | $40.12M as of Dec 31, 2023 |
| EBITDA (TTM): | $14.31M as of Dec 31, 2023 |
| Net annual income (TTM): | -$1.82M as of Dec 31, 2023 |
| Free cash flow (TTM): | $2.32M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $0.62M as of Dec 31, 2023 |
| Shares outstanding: | 56,191,661 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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