Rubicon Organics Bolsters Financial Position with C$10,000,000 Credit Facilities

Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF), a leading producer of organic certified and premium cannabis, has announced the securing of C$10,000,000 in secured credit facilities. This strategic move will not only enable the company to repay its US$8,000,000 Green Island Debenture but also provide the necessary financial flexibility to invest in key projects that drive long-term value for shareholders.

The credit facilities, secured from Community Savings Credit Union and another lender, will be amortized over a 10-year period, with a 5-year term and an interest rate of 6.75% per annum. This enhancement in Rubicon Organics' financial position will allow the company to better navigate the evolving market landscape and capitalize on future opportunities.

Rubicon Organics is committed to strengthening its financial position and supporting strategic growth initiatives. The new credit facilities will provide the company with enhanced liquidity and the flexibility to invest in key projects that will drive long-term value for its shareholders. This move underscores the company's dedication to achieving industry-leading profitability through its premium cannabis flower, product innovation, and brand portfolio management.

The company's CFO, Janis Risbin, expressed enthusiasm about the establishment of the new credit facilities, stating that they will support the company's strategic growth initiatives and enhance its financial position. Mike Schilling, President and CEO of Community Savings Credit Union, echoed this sentiment, expressing his delight in partnering with Rubicon Organics on this milestone deal.

Rubicon Organics' vertically integrated approach ensures the quality of its supply chain. The company cultivates, processes, brands, and sells organic certified, sustainably produced, super-premium cannabis products from its state-of-the-art glass roofed facility in Delta, BC, Canada. With three flagship brands – Simply Bare™ Organic, 1964 Supply Co.™, Wildflower™, and Homestead Cannabis Supply™ – Rubicon Organics is well-positioned to capitalize on the growing demand for organic and premium cannabis products.



As Rubicon Organics continues to expand its operations and invest in strategic growth projects, the company's share price has shown steady growth. The following chart illustrates the company's stock price performance over the past year.



In conclusion, Rubicon Organics' recent announcement of securing C$10,000,000 in credit facilities is a testament to the company's commitment to strengthening its financial position and supporting strategic growth initiatives. With enhanced liquidity and flexibility, Rubicon Organics is well-equipped to navigate the evolving market landscape and drive long-term value for its shareholders.