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Rubicon Organics ( (TSE:ROMJ) ) has provided an announcement.
Rubicon Organics reported record financial results for 2024, with net revenue reaching $48.7 million, a 21% increase from the previous year. The company achieved significant milestones, including a 42% increase in Q4 net revenue, securing $10 million in credit facilities, and expanding its premium flower capacity by 40%. The company also gained international certification and delivered its first international shipment, positioning itself to capitalize on supply shortages in Canada and expanding international markets. These achievements underscore Rubicon’s robust growth strategy and its commitment to sustainable, long-term growth.
More about Rubicon Organics
Rubicon Organics Inc. is a leading Canadian licensed producer specializing in the cultivation and sale of organic certified, premium, and super-premium cannabis products.
YTD Price Performance: 13.33%
Average Trading Volume: 29,924
Technical Sentiment Signal: Sell
Current Market Cap: $21.19M
Find detailed analytics on ROMJ stock on TipRanks’ Stock Analysis page.