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Rubicon Organics ( (TSE:ROMJ) ) just unveiled an update.
Rubicon Organics has launched its new 1964 Supply Co.™ All-in-One Full Spectrum Extract Resin Vapes in Canada, expanding its premium cannabis product offerings. This launch marks a strategic step in Rubicon’s growth plan, aiming to attract consumers from the legacy market by offering high-quality, full-spectrum products at competitive prices, setting a new standard in a segment dominated by distillate-based products.
The most recent analyst rating on (TSE:ROMJ) stock is a Buy with a C$1.10 price target. To see the full list of analyst forecasts on Rubicon Organics stock, see the TSE:ROMJ Stock Forecast page.
Spark’s Take on TSE:ROMJ Stock
According to Spark, TipRanks’ AI Analyst, TSE:ROMJ is a Neutral.
The overall score reflects strong revenue growth and strategic initiatives from the earnings call, tempered by ongoing net losses and a challenging valuation. Technical indicators are mixed, showing potential short-term gains but with some resistance. Continued focus on profitability and cash flow improvement is crucial for enhancing the stock’s outlook.
To see Spark’s full report on TSE:ROMJ stock, click here.
More about Rubicon Organics
Rubicon Organics is a leading Canadian company in the certified organic and premium cannabis industry. With a vertically integrated model, it operates a house of trusted brands such as Simply Bare™ Organics, 1964 Supply Co.™, Wildflower™, and Homestead Cannabis Supply™, supported by facilities in Delta and Hope, BC. The company focuses on premium quality, innovation, and operational execution, driving consistent revenue growth and positive Adjusted EBITDA.
Average Trading Volume: 44,908
Technical Sentiment Signal: Sell
Current Market Cap: C$29.14M
Learn more about ROMJ stock on TipRanks’ Stock Analysis page.