Strong Revenue Growth
Rubicon Organics achieved net revenue of $12.4 million in Q1 2025, a 39% increase year-over-year, driven by strong performance in Canada's largest provinces.
Positive Adjusted EBITDA
The company reported positive adjusted EBITDA of $700,000, marking a $1.1 million improvement compared to the same period in 2024.
Expansion and Strategic Acquisitions
Rubicon Organics entered into an agreement to acquire a new facility in Hope, BC, expanding annual production capacity by over 40% to 15,500 kilos.
Successful Product Launches
Introduction of new products like BC Organic Pink Drip and Homestead Edibles, and the expansion of the vape line to eight SKUs, capturing nearly 15% of the segment.
Improved Gross Margin
Gross margin improved to 31% in Q1 2025, up from 25% in the same quarter last year, indicating operational efficiencies.
Strong Market Positioning
Rubicon maintains a market leader position in the Topical category and continues to expand its presence in premium edibles and vapes.