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An update from Rubicon Organics ( (TSE:ROMJ) ) is now available.
Rubicon Organics Inc. announced the granting of 784,712 restricted share units (RSUs) and 784,712 performance share units (PSUs) to selected executives and employees under its Omnibus Equity Incentive Plan. The RSUs will vest over one to three years, while the PSUs will vest after three years contingent upon achieving specific performance targets. This move is likely to strengthen employee engagement and align their interests with those of the company, potentially enhancing Rubicon’s market position in the premium organic cannabis sector.
More about Rubicon Organics
Rubicon Organics Inc. is a leading global brand in premium organic cannabis products, focused on vertical integration through its subsidiary Rubicon Holdings Corp. The company aims for industry-leading profitability with a strong portfolio of premium cannabis flower and innovative products, featuring flagship brands such as Simply Bare Organic, 1964 Supply Co., and Wildflower. The company ensures high quality by cultivating and selling organic, sustainably produced cannabis from its advanced facility in Delta, BC, Canada.
YTD Price Performance: -16.27%
Average Trading Volume: 41,218
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $15.24M
For a thorough assessment of ROMJ stock, go to TipRanks’ Stock Analysis page.
