- Trading on the TSX Venture Exchange will begin on September 22, 2020 with the symbol ROMJ
VANCOUVER, British Columbia, September 18, 2020 (GLOBE NEWSWIRE) – Rubicon Organics Inc. (CSE: ROMJ) (OTCQX: ROMJF) (“Rubicon Organics” or the “Company”), a licensed producer specializing in growing and selling premium cannabis certified organic, is pleased to announce that following its press release dated 27 July 2020, the Company has received final approval for the listing of its common stock and 3,150,000 Company warrants on the TSX Venture Exchange (the “TSX- V “).
The Company’s common stock and warrants are expected to be voluntarily canceled from the Canadian Stock Exchange upon close of trading on September 21, 2020 and are expected to commence trading on the TSX-V when trading opens on September 22, 2020 The Company’s common stock it will continue to trade under the symbol “ROMJ” and its warrants will continue to be traded under the symbol “ROMJ.WT”.
“Rubicon Organics is listed on TSX-V to increase the liquidity of our common stock and enhance our profile in the capital markets. Having recently closed an equity loan under very difficult market conditions, we have secured the balance sheet we need to execute on a very exciting pipeline of milestones that includes increasing production and revenue at our Delta facility, BC, the expansion of our distribution capabilities and the investment in product innovation that showcases our super premium and certified organic cannabis, “said Jesse McConnell, CEO.
ABOUT RUBICON ORGANICS INC.
Rubicon Organics Inc., through its wholly owned subsidiary Vintages Organic Cannabis Company Inc., is a licensed producer focused on growing and selling premium certified organic cannabis from its state-of-the-art 125,000-square-foot hybrid greenhouse located on a 20-acre property. acres in Delta, BC, Canada. The company focuses on achieving industry-leading profitability through the development of the Simply Bare ™ Organic brand identity, which combines the sale of high-quality, high-margin organic products with sustainable low-cost production. The company is currently reaching a production capacity of 11,000 kg per year of certified and eco-sustainable organic cannabis.
Head of the financial office
Phone: +1 (437) 929-1964
Neither the TSX Venture Exchange, its regulatory service provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Canadian Securities Exchange accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Statement Regarding Forward-Looking Information
This press release contains forward-looking information under applicable securities laws. All statements that are not historical facts, including, without limitation, statements regarding future estimates, plans, programs, forecasts, projections, goals, assumptions, expectations or beliefs, and statements regarding the Company’s expectations of when its securities will be removed the CSE from the list and when the negotiations on the TSX-V will start; the Company’s belief that listing on the TSX-V will provide it and its shareholders with benefits, including greater visibility and better market access for Canadian and international investors; the Company’s belief that it will gain greater exposure across a broader market by listing on the TSX-V; the Company’s intention to achieve industry-leading profitability; and the Company’s belief that it will achieve an annual production rate of approximately 11,000 kg of certified organic, premium and environmentally sustainable cannabis are “forward-looking statements”. Forward-looking information may 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, will occur or will be achieved. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results, events or developments to differ materially from any future results, events or developments expressed or implied in such forward-looking statements. The forward-looking information contained in this press release is based on certain assumptions that management considers reasonable under the circumstances, including that its capital needs will be as currently anticipated. The risks and uncertainties associated with the forward-looking information contained in this press release include, inter alia, information or statements regarding the Company’s expectations of the financial resources available for financing transactions; Rubicon Organics’ limited operational history and lack of historical profits; obtain the necessary regulatory approvals; that the regulatory requirements will be maintained; general commercial and economic conditions; the Company’s ability to successfully execute its plans and intentions; the Company’s ability to obtain financing on reasonable terms through the sale of equity investments and / or debt commitments; the Company’s ability to attract and retain qualified personnel; 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 carefully considered 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 the forward-looking statements, there may be other risk factors that cause actions, events or results to differ from those anticipated. , estimated or predicted. 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 projected in the forward-looking statements. Rubicon Organics undertakes no obligation to update any forward-looking statements, even if new information becomes available as a result of future events, new information, or for any other reason except as required by law.