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Rubicon Organics Secures $4 million in Financing to Support Strategic Growth Initiatives
VANCOUVER, British Columbia, Nov. 10, 2025 (GLOBE NEWSWIRE) -- Rubicon Organics Inc. (TSXV: ROMJ)...
About this update from Rubicon Organics, Inc.
[{"type":"text","content":"Rubicon Organics Secures $4 million in Financing to Support Strategic Growth Initiatives\n\n\n\n VANCOUVER, British Columbia, Nov. 10, 2025 (GLOBE NEWSWIRE) -- Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF) (“Rubicon Organics”, “Rubicon” or the “Company”), is Canada’s leading premium licensed producer focused on cultivating and selling organic certified, premium and super-premium cannabis products, announced today that it has entered into additional credit agreements (the “Credit Agreements”) pursuant to which it has borrowed up to an aggregate of $4,000,000 from Community Savings Credit Union (“CSCU” or the “Lender”).\n \n\n The Credit Agreements consist of a $3.0 million Capital Loan with a term of five years, with an amortization period of ten years, and bears interest at a rate of 6.79% per annum and a $1.0 million Line of Credit which bears interest at a rate of CSCU Basic Lending Rate plus 5.50%, calculated on a monthly basis.\n \n\n The Credit Agreements, secured against the Cascadia Facility and expected to be finalized within the next month, will be used by the Company to fund margin accretive projects at its Pacifica and Cascadia Facilities.\n \n\n \"This financing provides us with capital and flexibility to execute on our growth plans while maintaining a strong balance sheet,” said Glen Ibbott, CFO. “We appreciate the continued support of our financial partners and their confidence in our vision.\"\n \n\n\n ABOUT RUBICON ORGANICS INC.\n \n\n\n Rubicon Organics is the Canadian leader in certified organic and premium cannabis. With a vertically integrated model and strong national distribution, the company is scaling a house of trusted, high-performing brands including Simply Bare™ Organics, 1964 Supply Co.™, Wildflower™, and Homestead Cannabis Supply™.\n \n\n The Company’s production base is anchored by its Pacifica facility (Delta, BC) and is now complemented by the acquisition and licensing of its Cascadia facility (Hope, BC), which will expand production capacity by over 40% and support future growth in both domestic and export markets. With proprietary genetics, award-winning products, and certifications enabling international distribution, Rubicon is positioned at the foref...