VANCOUVER, British Columbia, Jan. 20, 2025 (GLOBE NEWSWIRE) — Rubicon Organics (OTC:) Inc . (TSXV: ROMJ) (OTCQX: ROMJF) (Rubicon Organics or the Company), a licensed producer focused on growing and selling organically certified and premium cannabis, announces that it has been granted 784,712 restricted share units (RSUs) and 784,712 performance share units (PSUs).
RSU support
The Company has granted a total of 784,712 RSUs under its Omnibus Equity Incentive Plan to selected executives and employees. RSUs will vest over a period of one to three years from the date of grant. Upon vesting, each RSU entitles the holder to receive one common share of the Company or, at the discretion of the Company’s Board of Directors, may be settled in cash.
PSU support
The Company has granted a total of 784,712 PSUs under its Omnibus Equity Incentive Plan to certain executives and employees. These PSUs will vest after three years, subject to the achievement of specific performance goals. If the performance conditions are met, each PSU granted entitles the holder to receive one common share of the Company or, at the discretion of the Company’s Board of Directors, may be settled in cash.
ABOUT RUBICON ORGANICS INC.
Rubicon Organics Inc. is the global leading brand in premium organic cannabis products. The company is vertically integrated through its wholly owned subsidiary Rubicon Holdings Corp, a licensed producer. Rubicon Organics is focused on achieving industry-leading profitability through its premium cannabis flower, product innovation and brand portfolio management, including three leading brands: its super-premium brand Simply Bare™ Organic, its premium brand 1964 Supply Co.™, its of Wildflower™ health cannabis alongside mainstream Homestead Cannabis Supply™.
The company ensures the quality of its supply chain by growing, processing, branding and selling organically certified, sustainably produced, super-premium cannabis products from its state-of-the-art glass-roofed facility located in Delta, BC, Canada.
CONTACT INFORMATION
Margaret Brodie
CEO
Phone: +1 (437) 929-1964
Email: ir@rubiconorganics.com
The TSX Venture Exchange, its Regulatory Services Provider (as that term is defined in the TSX Venture Exchange Rules) accepts no responsibility for the adequacy or accuracy of this press release.
Cautionary Statement Regarding Forward-Looking Information
This press release contains forward-looking information within the meaning of applicable securities laws including, but not limited to, statements regarding the vesting conditions, timing and settlement of RSUs and PSUs granted by the Company. All statements that are not historical facts, including, without limitation, statements regarding future estimates, plans, programs, forecasts, projections, goals, assumptions, expectations or beliefs about future performance, statements regarding Rubicon Organics’ goal of achieving leading profitability are “forward -looking statements” in the industry. Forward-looking information can be identified by the use of words such as will or a variation of such a word or a statement 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 could cause actual results, events or developments to differ materially from future results, events or developments expressed or implied by such forward-looking statements. Forward-looking information in this press release is based on certain assumptions that management believes are reasonable under the circumstances. Risks and uncertainties associated with forward-looking information in this press release include, among other things, dependence on obtaining and maintaining regulatory approvals, including obtaining and renewing federal, provincial, local or other licenses and any inability to obtain all necessary governmental approvals, licenses and permits for construction on their facilities within the deadline; regulatory or policy changes such as changes in applicable laws and regulations, including bureaucratic delays or inefficiencies or any other reasons; any other factors or developments that may prevent market growth; Rubicon Organics’ limited operating history and lack of historical profitability; reliance on management; the effect of capital market conditions and other factors on the availability of capital; the Company’s ability to attract and retain qualified personnel; competition, including more established or better funded competitors; and the need to secure and maintain corporate alliances and partnerships, including with customers and suppliers. 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 the forward-looking statements, there may be other risk factors that could cause actions, events or results to differ materially from those described in the forward-looking statements. expected, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events may differ materially from those anticipated in the forward-looking statements. Rubicon Organics undertakes no obligation to update any forward-looking statement, even if new information becomes available as a result of future events, new information or otherwise, except as required by law.
Source: Rubicon Organics
