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Looks like we get some news Dec 8th at 10am.
Warrants!? Any info on the warrants? Are they redeemable on a 1 to 1 ratio with an execution price of $11.50 like a lot of the other spacs?
There is really only one Senator that is holding up all cannabis legislation in the Senate. Senator Crapo from Idaho is in charge of the rules committee and is responsible for bringing bills up for a Senate vote. He simply refuses to bring up any bill that has to do with cannabis. Simple as that, no cannabis legislation will get brought up for a vote in the Senate. The SAFE banking act has been waiting for a Senate vote for more than a year. So say 80% of Senators are in favor of say the SAFE banking act, it will never get a Senate vote with Crapo as the head of the rules committee. Only way to get Crapo out at the moment would be to have the Democrats win control of the Senate and appoint a new head of the rules committee. Our Democracy was founded on the VOTE. For one person to deny the most important part of our democracy is un American and should not be allowed. There should be a time limit as to how long a bill can sit on the rules committee desk before it must be brought up for a vote.
For all the hype about spac’s.......here is one that actually has income right now not 5 years down the road, and just had some amazing news!......and the price goes down some more. Am I missing something here with Velodyne? I mean, it’s more than just another EV play. Sensors can be used on internal combustion vehicles, EV’s or big ass commercial Ford Otosan trucks! As well as many other industrial applications. Just seems like this spac wasn’t flashy enough and investors have a new spac every other day to catch their attention.
Velodyne Lidar Announces Autonomous Driving Collaboration with Ford Otosan
Source: Business Wire
Companies Working Together on Autonomous Driving Development and Testing for Heavy Commercial Vehicles
Velodyne Lidar, Inc. (Nasdaq: VLDR) today announced it is collaborating with Ford Otosan on product development and testing of autonomous heavy commercial trucks. Ford Otosan is testing and planning to use Velodyne Velarray H800 lidar sensors to enable safe navigation and collision avoidance in next generation vehicles.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201201005505/en/
Ford Otosan is testing and planning to use Velodyne Velarray H800 lidar sensors to enable safe navigation and collision avoidance in next generation vehicles. (Photo: Ford Otosan)
Ford Otosan is testing and planning to use Velodyne Velarray H800 lidar sensors to enable safe navigation and collision avoidance in next generation vehicles. (Photo: Ford Otosan)
Velarray H800 is a powerful solution that can greatly improve automated safety and advanced driver assistance systems (ADAS). Designed for automotive-grade performance and durability, the Velarray H800’s compact, embeddable form factor makes it ideal for seamless integration in internal and external vehicle mounting locations.
The Velarray H800 boasts outstanding range, field of view and resolution to deliver rich point cloud density required for high resolution mapping and object classification tasks. The sensor will help Ford Otosan to create superior autonomous driving technology, addressing edge-cases for driving situations, including curvy roads, potholes, intersections, on/off ramps, residential areas and roadways with unclear lane markings. It delivers high performance during daylight and at night, enabling the detection of vehicles, pedestrians, bicyclists, motorcyclists and more.
Ford Otosan is already using Velodyne’s Alpha Prime™ lidar sensors, which provide 360-degree surround-view perception technology to support autonomous mobility. The Alpha Prime is specifically made for autonomous driving in complex conditions for travel up to highway speeds. The combined range, resolution and field of view in one sensor is designed to enable autonomous vehicles and ADAS in a wide variety of lighting conditions.
“Autonomous vehicle technology, powered by lidar, can bring multiple efficiency and safety benefits to the trucking industry,” said Burak G?kçelik, Assistant General Manager, Ford Otosan. “Our autonomous driving initiative with Velodyne looks to improve roadway safety by helping trucks understand and react to approaching road conditions and surroundings.”
“Ford Otosan has well established commercial vehicle leadership in Europe and they act as the global engineering center for Ford Motor Company’s heavy commercial vehicles,” said Erich Smidt, Executive Director Europe, Velodyne Lidar. “We look forward to cooperating with Ford Otosan on autonomous driving development and learning from their use of the Velarray H800 in the trucking market.”
About Velodyne Lidar
Velodyne Lidar (NASDAQ: VLDR) ushered in a new era of autonomous technology with the invention of real-time surround view lidar sensors. Velodyne is the first public pure-play lidar company and is known worldwide for its broad portfolio of breakthrough lidar technologies. Velodyne’s revolutionary sensor and software solutions provide flexibility, quality and performance to meet the needs of a wide range of industries, including autonomous vehicles, advanced driver assistance systems (ADAS), robotics, unmanned aerial vehicles (UAV), smart cities and security. Through continuous innovation, Velodyne strives to transform lives and communities by advancing safer mobility for all. For more information, visit www.velodynelidar.com.
About Ford Otosan
Ford Otosan, with its annual production capacity of 455,000 vehicles, 70,000 engines and 140,000 powertrains, is the biggest commercial vehicle production center of Ford in Europe. The company produces and develops Transit & Tourneo range commercial vehicles, and also serves as the global engineering & production center for Ford Trucks heavy commercial vehicles and their engine systems. The company has all the capabilities and infrastructure required to design, develop, and test a whole vehicle, including its engine, from scratch to the complete commercial product. Ford Otosan (Ford Otomotiv Sanayi A.S.) is a publicly traded company, where Ford Motor Company and Koç Holding have equal shares. For more information, visit https://www.fordotosan.com.tr/en
Forward Looking Statements
This press release contains "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 including, without limitation, all statements other than historical fact and include, without limitation, statements regarding Velodyne’s target markets, new products, development efforts, competition. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Velodyne's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include Velodyne's ability to manage growth; Velodyne's ability to execute its business plan; uncertainties related to the ability of Velodyne's customers to commercialize their products and the ultimate market acceptance of these products; the uncertain impact of the COVID-19 pandemic on Velodyne's and its customers' businesses; uncertainties related to Velodyne's estimates of the size of the markets for its products; the rate and degree of market acceptance of Velodyne's products; the success of other competing lidar and sensor-related products and services that exist or may become available; Velodyne's ability to identify and integrate acquisitions; uncertainties related to Velodyne's current litigation and potential litigation involving Velodyne or the validity or enforceability of Velodyne's intellectual property; and general economic and market conditions impacting demand for Velodyne's products and services. Velodyne undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201201005505/en/
Landis Communications Inc.
Sean Dowdall
(415) 286-7121
velodyne@landispr.com
I think you are 100% correct about the warrants.
Rubicon Organics Inc. Price Target Raised to C$5.00/Share From C$4.20 by Haywood Securities
12:18pm ET 11/26/2020 Dow Jones
Ratings actions from Baystreet: http://www.baystreet.ca
(END) Dow Jones Newswires
November 26, 2020 12:18 ET (17:18 GMT)
I agree, there will always be a market for top shelf premium cannabis. These craft producers will also command top dollar for their top shelf products, keeping their margins where they need to be to make a decent profit. All one has to do is look at the liquor industry. People will pay more for a craft beer or top shelf liquor. Not many publicly traded craft cannabis producers. The one I’m betting on is Rubicon Organics, because they are growing top shelf certified organic ultra premium cannabis. They are all about the plant in its pure organic form. Focusing on quality before quantity.
My experience with FIsker and Velodyne is that the symbol change happens right after the announcement of the merger being finalized. GRAF completed merger on Sept 29 and was trading as VLDR on sept 30th. SPAQ approved the merger with Fisker on Oct 28th and was trading under FSR Oct 30th.
Rubicon Organics Reports Third Quarter Financial Results and Operational Milestones
VANCOUVER, BRITISH COLUMBIA – Nov 25, 2020
Reported net revenue of $3.2 million, an increase of 219% as compared to Q2 2020
Executed Letter of Understanding with SQDC to sell its flagship Simply Bare™ Organic super-premium flower in Québec
Advanced cannabis 2.0 product innovation pipeline with agreements to bring CBD Relief Sticks and CBD Cool Sticks, PAX® ERA™ pods and proprietary concentrate products to the Canadian market
Announced acceleration of warrant expiry date for 3.1 million warrants at an exercise price of $3.50 per share
Rubicon Organics Inc. (“Rubicon Organics” or the “Company”) (TSXV:ROMJ) (OTCQX:ROMJF), today reported its financial results for the third quarter ended September 30, 2020 (“Q3 2020”). All amounts are expressed in Canadian dollars.
“The net revenue increase we delivered in Q3 2020 is only the beginning of Rubicon Organics demonstrating its potential. We have been operating at full capacity for six months now, and more and more Simply Bare™ Organic product continues to hit the shelves across the country with customers and cannabis connoisseurs giving strong endorsements of our super-premium organic products. Our journey is only going to get more exciting from here. We have invested in world class personnel that will help bring new brands and products to market that will capture the desire of consumers to drive our growth in revenue and profitability,” said Jesse McConnell, Chief Executive Officer.
Q3 2020 Highlights:
Earned $3.2 million of net revenue, an increase of $2.2 million or 219% as compared to Q2 2020;
Entered into a brand licensing agreement with Wildflower Brands Inc. (CSE:SUN) for the production of Wildflower-branded CBD Relief Sticks and CBD Cool Sticks in Canada;
Commenced trading on the TSX Venture Exchange on September 22, 2020;
Entered into a distribution agreement with PAX LABS®, Inc. subsequent to quarter-end to launch pods for the closed-loop PAX® ERA™ system under its Simply Bare™ Organics brand;
Signed a cannabis 2.0 product distribution agreement subsequent to quarter-end with Canada House Wellness Group Inc. (CSE: CHV) for the distribution Rubicon Organics’ line of concentrate products;
Completed the amalgamation of subsidiaries which allows for over $20 million of tax losses to be applied against future profits; and
On November 16, 2020, announced the acceleration of the warrant expiry date for 3.1 million warrants at an exercise price of $3.50 per share.
Q3 2020 Select Financial and Operational Results:
Q3 results
In Q3 2020, Rubicon Organics earned $3.2 million of net revenue which is an increase of $2.2 million or 219% as compared to the second quarter Q2 2020. This increase in net revenue is attributable to higher sales volume through direct sales to provincial suppliers and under the Agro-Greens Agreement.
The Company reported an Adjusted EBITDA loss of $2.6 million in Q3 2020, as compared to a loss of $2.5 million in Q2 2020 and a loss of $2.5 million in the prior year. The sequential change in Adjusted EBITDA is attributable to the increase in net revenue in Q3 2020, offset by additions to senior personnel and compensation across the organization, and general and administrative expenses.
The Company reported a net loss of $4.3 million in Q3 2020, as compared to a net loss of $1.8 million in Q2 2020 and net loss of $4.5 million in the prior year. The sequential change in profitability reflects fair value changes in the Company’s cannabis assets and the variance relative to Q3 2019 reflects the increase to net revenue offset by the impact of fair value changes on cannabis assets and discontinued operations.
Outlook
Rubicon Organics is focused on building its portfolio of premium brands in the Canadian market that is anchored by its flagship Simply BareTM Organic cannabis brand. The Company intends to launch additional brands into the market in both the flower and extract categories, along with a diverse portfolio of cannabis 2.0 products. The Company has also established distribution channels to Germany with the expectation to enter international markets in 2021.
The Company has direct supply agreements with the OCS, BCLDB and AGLC and has recently signed with the SQDC. The Company expects to ramp up product deliveries to these markets as well as initiate product shipment to Quebec in December 2020. The Company plans to continue to use local distributors in Saskatchewan and Manitoba.
Following approval from Health Canada on May 5, 2020 for site amendments that included the use of its land at the Delta Facility for an outdoor grow, the Company launched a pilot scale outdoor grow. Following on from the lessons of this pilot scale program, the Company is assessing the scale and viability of a larger outdoor grow program in 2021.
The Company has installed additional high-performance LED lighting in the final three of its five flowering compartments to increase quality and yield throughout the year. The Company is performing an assessment of areas for additional capital expenditure which would increase throughput and efficiency. Renovations to the Delta Facility’s processing area are underway to facilitate compliance with EU-GMP requirements thereby providing access to the German market through the Company’s supply agreement with Canacur GmbH. The Company has developed an extensive product innovation pipeline and is preparing to bring the first phase of those products to market.
The Company is determined to achieve positive operating cash flow and profitability. The Company currently expects to achieve positive adjusted EBITDA on a monthly basis by year-end 2020 and to achieve monthly positive cash flow from operations in the first half of 2021. The Company expects to generate significant operating leverage by maintaining moderate increases in production costs and operating expenses, with linear increases in inventory expensed to costs of sales relative to net revenue, but at a lower per unit cost.
The Company expects to refinance debt maturing in 2021 to a long-term mortgage financing facility, potentially with more favourable terms, and may seek other capital through equity, and other debt arrangements.
The COVID-19 outbreak was declared a pandemic by the World Health Organization in 2020. The situation is dynamic and the ultimate duration and magnitude of the impact on the economy and our business are not known at this time. These impacts could include an impact on our ability to maintain operations, to obtain debt and equity financing, access to necessary supplies, credit risk associated with our accounts receivable, impairments in the value of our long-lived assets, or potential future decreases in revenue or the profitability of our ongoing operations. The Company continues to work diligently to ensure operations continue and product is delivered while continuing to emphasize the safety of our product and employees.
Conference Call
The Company will be hosting a conference call to discuss Q3 2020 results on November 25, 2020. Conference call details are as follows:
Date and time: 7:00 AM PT / 10:00 AM ET
Conference ID: 9481876
Local dial-in: (833) 900-2238
International dial-in: (647) 689-5136
Webcast: https://onlinexperiences.com/Launch/QReg/ShowUUID=43EDC416-C639-4D8B-8070-726F9F1C0EAA
Rubicon Organics to Enter Québec Market
VANCOUVER, BRITISH COLUMBIA – Nov 24, 2020
Executed Letter of Understanding with SQDC to sell its flagship Simply Bare™ Organic flower.
Rubicon Organics products will soon be available to over 90% of the Canadian population.
Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF) (“Rubicon Organics” or the “Company”), a licensed producer focused on cultivating and selling organic certified cannabis, today announced that it has executed a letter of understanding (“LOU”) with Société québécoise du cannabis (“SQDC”) for the distribution of its portfolio of cannabis products to consumers in the province of Québec. The Company is expecting to make its first shipment under the agreement in the coming weeks. Simply Bare™ Organic flower will now be available in stores and online from British Columbia to Québec inclusively.
"Québec represents an important milestone in the development of Simply Bare™ Organic. The addition of Québec provides Rubicon Organics a national distribution platform that makes our products accessible to over 90% of the Canadian population. In addition to the Simply Bare™ Organics product portfolio, we look forward to offering new brands and products that will be exclusively available in Québec in the upcoming months," said Jesse McConnell, Chief Executive Officer.
I would think Friday with the market being closed on Thursday
Warrants are at $5.50 + $10.50 exercise price = $17 for a stock that’s trading at $21. $4 discount per share!
Warrants are a steal right now.
Any guesses on what we’re gonna hear from the quarterly report in regards to revenues. I’m gonna guess somewhere between $3.5-$5mil in the 3rd qt.
Rubicon Organics to Report Q3 2020 Results
VANCOUVER, BRITISH COLUMBIA – Nov 18, 2020
Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF) (“Rubicon Organics” or the “Company”), a licensed producer focused on cultivating and selling organic certified and premium cannabis, is pleased to announce that it will be reporting its financial results for the third quarter ended September 30, 2020 (“Q3 2020”) before market opens on November 25, 2020.
The Company will be hosting a conference call to discuss Q3 2020 results on November 25, 2020.
Conference call details are as follows:
Date and time: 7:00 AM PT / 10:00 AM ET
Conference ID: 9481876
Local dial-in: (833) 900-2238
International dial-in: (647) 689-5136
Webcast: Link
Rubicon Organics Announces Acceleration of Warrant Expiry Date
VANCOUVER, BRITISH COLUMBIA – Nov 16, 2020
Warrant acceleration may result in gross proceeds to the Company of up to $10.9 million
Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF) (“Rubicon Organics” or the “Company”), a licensed producer focused on cultivating and selling organic certified and premium cannabis, announces that it has elected to accelerate the expiry date of the common share purchase warrants issued on August 23, 2019 (the “Warrants”) under the warrant indenture between Odyssey Trust Company (the “Warrant Agent”) and the Company dated August 21, 2019 (the “Warrant Indenture”).
"The exercise of these warrants allows Rubicon Organics to bolster its balance sheet and provides us additional capital to continue our rapid growth, particularly through offering new strains, brands and cannabis 2.0 products to the Canadian market. Our current expectation is that the Company will become operating cash flow positive in the first half of 2021 and, with all major capital projects complete, Rubicon Organics remains in a very strong financial position" said Jesse McConnell, Chief Executive Officer.
Accelerated Expiry Date
Pursuant to the terms of the Warrant Indenture, if the daily volume weighted average trading price of the Company’s shares on the TSX Venture Exchange equals or exceeds $3.80 for twenty (20) consecutive trading days (the “Acceleration Trigger”), the Company is entitled to accelerate the expiry date of the Warrants to a date thirty (30) days from the date notice of such acceleration is provided to holders of Warrants. The Company has delivered to holders of Warrants a notice of the occurrence of the Acceleration Trigger and its election to accelerate the expiry date of the Warrants to December 16, 2020 (the “Accelerated Expiry Date”).
Any Warrants that have not been exercised by 3:00 p.m. (Vancouver time) on December 16, 2020 will automatically be cancelled.
As of November 13, 2020, 3,117,000 Warrants remain outstanding. Each Warrant entitles the holder to purchase one common share of the Company at $3.50. If all outstanding Warrants are exercised, gross proceeds to the Company will total $10,909,500, however, there can be no assurance that any of the Warrants will be exercised prior to the Accelerated Expiry Date.
Warrant holders who wish to exercise their Warrants should contact their investment advisor and submit an exercise notice form to the Warrant Agent. The contact details for the Warrant Agent is as follows: Odyssey Trust Company, Suite 350, 300 5th Avenue S.W., Calgary, Alberta, T2P 3C4, Tel: 1-587-885-0960.
The Profit's Marcus Lemonis test drove a Lordstown pickup and posted videos on Twitter. Giving RIDE it’s boost up today.
Who’s LIDAR tech is Apple using? I know that Apple was using Velodyne Lidar while experimenting with the idea of a self driving Apple Car. Velodyne just came out with a new line of smaller, sleaker Lidar sensors specifically for the auto industry. There is a rumor going around that Apple and Fisker may team up to build an electric vehicle with self diving capabilities.
New products from Velodyne for the auto industry
https://velodynelidar.com/products/velarray-h800/?mc_cid=f40866e2ac&mc_eid=f21f4505aa
Well if your gonna compete with Tesla, partnering with Apple would definitely be the way to do it. Beat them to the punch on a solid state battery by partnering with VW to share in their partnership with Quantum Scape. Might as well partner with Velodyne right away for the Lidar. Then you have Magna handle the manufacturing.
If it’s a battery announcement, I hope that they are making a deal with QuantumScape for solid state lithium batteries.
Warrants are trading @ $5.51. With a strike price of $11.50 and KCAC trading @ $20.11, the warrants look like a good deal at the moment. But I thought I saw something about the warrants redemption value after the price was over $18.
Expecting a nice upward move Monday morning! US side should at least jump to 3.15 to match the Canadian side. Add to that the sector jump in general due to anticipation of Biden winning the election. Now that Biden is been called the President elect, the sector should continue to move up. He said that he will decriminalize cannabis by executive order. Not legalization, but most definitely a positive step. Should bring more pressure for the Senate to finally vote on the SAFE banking act. Would be a nice way for our politicians to start working together. Little bit of the peace pipe is needed right about now.
CORPORATE NEWSLETTER - OCTOBER 2020
MONTH IN REVIEW
“Our product innovation strategy gained a lot of momentum in October 2020. We completed a distribution agreement with PAX Labs, Inc. to fill organic cannabis oil pods for the PAX® ERA™ and PAX® ERA Pro™ premium vaporizers, and we secured a route to market for our cannabis 2.0 product line through a distribution agreement with Canada Wellness Group Inc. (CSE:CHV). These partnerships allow Rubicon Organics to accelerate the time to market for an expanded suite of branded products, maintain control of our high-quality organic production and meet our profitability targets. With additional strains, brands and products in our innovation pipeline, we are very excited for similar milestones in the near term."
Jesse McConnell, Chief Executive Officer.
October Social Media
October Social Media focus
Simply Bare™ Organic Branded Converse giveaway
NomadChef Budtender cooking class
Apple Toffee genetic release
NEWS COVERAGE
Rubicon Organics Establishes Route to Market for Cannabis 2.0 Products
Rubicon Organics signs distribution agreement with Canada House Wellness Group to sell concentrate products to provincial distributors
“With our route to market established for cannabis 2.0 products, we are excited to begin executing on our innovation pipeline. In the coming months, we will be launching our new premium concentrate brand along with a diverse portfolio of products. These products will highlight the terpene rich profile that our organic and sustainably cultivated Simply Bare™ flower has become known for,” said Jesse McConnell, Chief Executive Officer. “We are delighted to be partnering with Canada House to accelerate our time to market whilst we wait for Health Canada to issue our extract, edible and topical sales license that we submitted for in early September.”
Click for Press Release
Rubicon Organics Grants Deferred Share Units and Options
Rubicon Organics Inc. announces that it has granted 75,000 deferred share units (the "DSUs") and 80,000 stock options.
Click for Press Release
Rubicon Organics expands 2.0 offering with PAX Labs ® partnership
Rubicon Organics’ to fill organic cannabis oil pods for the PAX® ERA™ and PAX® ERA Pro™ premium vaporizers
Expected launch across Canada in H1 2021
Rubicon Organics Inc. is pleased to announce that it has entered into a distribution agreement with PAX Labs, Inc., a leader in premium cannabis vaporization technology. “Our innovation pipeline is building momentum,” said Tim Roberts, President. “This exciting partnership with PAX, enables us to accelerate our premium 2.0 product range into vape products. We expect to also leverage this technology partnership with our new brands and rare new strains that we expect to launch into the Canadian market in the near term.
PAX
Click for Press Release
ANALYST COVERAGE
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MACKIE RESEARCH
Analyst: Greg McLeish • (416) 860-8633 • gmcleish@mackieresearch.com
HAYWOOD
Analyst: Neal Gilmer • (416) 507-2759 • ngilmer@haywood.com
DESJARDINS
Analyst: John Chu • (416) 607-3109 • john.chu@desjardins.com
SHARE TRACKER (V.ROMJ)
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ROMJ OCT
Data sourced from Stockhouse. .Click graph to view live.
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Click for Corporate Fact Sheet
Click for Corporate Presentation
ABOUT RUBICON ORGANICS INC.
Rubicon Organics Inc. is becoming the global brand leader in organic cannabis products. Through its wholly owned subsidiary Rubicon Holdings Corp, a licensed producer, the Company cultivates and sells organic certified, sustainably grown, super-premium cannabis from its state-of-the-art hybrid greenhouse located in Delta, BC, Canada. Rubicon Organics is focused on achieving industry leading profitability through the development of brands and cannabis 2.0 products, including its flagship super-premium brand Simply Bare™ Organic.
Cautionary Statement Regarding Forward Looking Information
This newsletter contains forward-looking information within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, and statements regarding the expected launch of a new premium concentrate brand and a diverse portfolio of products, and the Company’s intention of achieving industry leading profitability are “forward-looking statements”. Forward-looking information can be identified by the use of words such as “will” or variations of such words or statements that certain actions, events or results “will” be taken, occur or be achieved. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward looking statements. The forward-looking information in this newsletter is based upon certain assumptions that management considers reasonable in the circumstances, including that its capital needs will be as currently projected. Risks and uncertainties associated with forward looking information in this newsletter include, among others, information or statements concerning the Company’s expectations of financial resources available to fund operations; Rubicon Organics' limited operating history and lack of historical profits; obtaining the necessary regulatory approvals; that regulatory requirements will be maintained; general business and economic conditions; the Company’s ability to successfully execute its plans and intentions; the Company’s ability to obtain financing at reasonable terms though the sale of equity and/or debt commitments; the Company’s ability to attract and retain skilled staff; market competition; the products and technology offered by the Company’s competitors; that our current relationships with our suppliers, service providers and other third parties will be maintained; and the impact of the current global health crisis caused by the COVID-19 pandemic. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. Although Rubicon Organics has attempted to identify important risk factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other risk factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements. Rubicon Organics assumes no obligation to update any forward-looking statement, even if new information becomes available as a result of future events, new information or for any other reason except as required by law.
People pay for quality.
You said yourself, a lot of mediocre product out there.
Not all LP’s quality is mediocre.
There are some LP’s that only grow premium quality organic cannabis.
https://www.simplybare.com/products/dried-flower/
There are also some LP’s that have unique strains.
https://www.simplybare.com/products/dried-flower/bc-organic-apple-toffee/
There are some LP’s doing both quality & quantity at great margins that will not go belly up.
Come and ‘cross the Rubicon’ and find out
Nice jump up on the Canadian side, with volume.
Rubicon Organics Establishes Route to Market for Cannabis 2.0 Products
VANCOUVER, BRITISH COLUMBIA – Oct 26, 2020
Rubicon Organics signs distribution agreement with Canada House Wellness Group to sell concentrate products to provincial distributors
Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF) (“Rubicon Organics” or the “Company”), a licensed producer focused on cultivating and selling organic certified and premium cannabis, is pleased to announce that it has signed a cannabis 2.0 product distribution agreement with Canada House Wellness Group Inc. (CSE: CHV) (“Canada House”) (the “Agreement”), through Canada House’s wholly-owned subsidiary of Abba Medix Corp. In connection with the Agreement, Canada House will distribute Rubicon Organics’ line of concentrate products to Canada House’s provincial distributors while the Company waits to receive from Health Canada its authorization for sale of extracts, topicals and edibles.
“With our route to market established for cannabis 2.0 products, we are excited to begin executing on our innovation pipeline. In the coming months, we will be launching our new premium concentrate brand along with a diverse portfolio of products. These products will highlight the terpene rich profile that our organic and sustainably cultivated Simply Bare™ flower has become known for,” said Jesse McConnell, Chief Executive Officer. “We are delighted to be partnering with Canada House to accelerate our time to market whilst we wait for Health Canada to issue our extract, edible and topical sales license that we submitted for in early September.”
Just in time for fall, BC Organic Apple Toffee!
https://www.simplybare.com/blog/bc-organic-apple-toffee-arrives-in-time-for-fall/
TSX rising stars. Rubicon #16
https://money.tmx.com/en/stock-list/RISING_STARS
Key data from the Canadian side
https://money.tmx.com/en/quote/ROMJ/key-data
1st qt was $.5m in revenue
2nd qt was $1.2m in revenue
3rd qt results mid to late November ???
Somewhere between $2-3m might not be out of the question.
Just visited Joe Biden website. There is no 110 page manifesto on it. You need to stop believing the fake right wing news.
If all the states have been the testing grounds for cannabis legalization, then when it gets legalized federally, they will take laws from states where things have worked best. Colorado would be at the top of the list I would imagine. In Colorado, you can grow your own. Hard to tax what I grow in my garden.
Nice volume today
Exactly
There is always a Republican in the way of cannabis legalization laws. Take the SAFE banking act that has passed the House over a year ago, and has been sitting on Republican Senator Crapo’s desk every since waiting to be brought up for a vote in the Senate. Why has it taken sooooo long to be brought up for a simple vote in the Senate. For no other reason than Republican Senator Crapo flat out refuses to bring up anything for a vote that is related to cannabis legalization. Since Senator Crapo is in charge of what gets brought up for a vote, he alone has been able to hold up numerous pieces of legislation related to cannabis. This failure to do the will of the people who voted for him to represent them should be grounds for him to be removed from office. You would think there would be a time limit, that once a bill that has passed the House, it would have to be voted on by the Senate. Apparently the only time limit is the elections. Remember, there is always a Republican in the way of cannabis legalization. Jeff Sessions, Pete Sessions, and for the last couple years Senator Crapo.
Personally, I think that the really good stuff is yet to come from Jesse McConnell. The guy literally wrote the book on organic cannabis with the Canadian govt. He was just getting started when Whistler was sold. You know he’s saving the good stuff for his own. I think the name Rubicon Organics is symbolic of Jesse’s ‘crossing the Rubicon’. Crossing the point of no return. I think that He’s all in and this time it’s not for sale.