Rubicon Organics Reports Q2 2025 Financial Results

VANCOUVER, BC – Rubicon Organics Inc., a leading Canadian producer of premium organic Cannabis, announced financial results for the second quarter ending June 30, 2025. The company reported net revenue of $15 million, a 24% increase from the same period last year, and $27.4 million for H1 2025, up 30% year-over-year.

The quarter delivered an adjusted EBITDA of $1.4 million and a profit from operations of $1 million, marking Rubicon’s strongest performance to date. For the six-month period, adjusted EBITDA reached $2.1 million, with operating cash flow at $0.8 million for Q2 but slightly negative at $0.2 million for the half-year. These results reflect Rubicon’s focus on operational efficiency and its growing presence in Canada’s premium Cannabis market.

A major milestone was the acquisition of a new facility in Hope, British Columbia, finalized on June 5, 2025. This addition increases Rubicon’s annual production capacity by over 40%, from 11,000 to 15,500 kilograms. The company anticipates $1 million to $2 million in startup costs this year, with licensing expected by year-end and revenue contributions starting in early 2026. Rubicon also raised $4.5 million through a private placement to support its growth initiatives.

In the market, Rubicon maintained a strong foothold, securing a 5.2% national share in premium flower and pre-rolls, 15.1% in resin vapes, and 26.2% in premium edibles for Q2. The company also held the top spot for a topical SKU. In July, its 1964 Supply Co. brand launched premium all-in-one resin vapes, expanding its product portfolio. Additionally, Rubicon earned the Standard Producer of the Year award at the Grow Up awards in May 2025.

CEO Margaret Brodie highlighted the company’s focus on quality, stating, “Our record results show the strength of our premium genetics and operational model.” CFO Glen Ibbott added that while short-term costs from the Hope facility may impact profitability, the investment positions Rubicon for long-term growth.

Looking ahead, Rubicon plans to source up to 2,000 kilograms of additional biomass through partnerships in 2025 while prioritizing Canadian demand. The company also made its first international test shipment in Q1 and aims to explore global markets cautiously. For 2025, Rubicon forecasts higher net revenue and adjusted EBITDA, excluding Hope-related costs.

Highly Capitalized Network views Rubicon’s steady financial gains and strategic capacity expansion as signs of its ability to navigate a highly competitive market. The Hope facility and new product launches strengthen its position, but execution on integration and cost management will be key to sustaining momentum in both domestic and emerging international markets.