Rubicon Organics Inc. (ROMJ) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. Welcome to Rubicon Organics' second quarter 2026 earnings call for the three and six months ended June 30, 2026. As a reminder, this call is being recorded. At this time, all participants are in a listen-only mode. Following the presentation, we will conduct a question and answer session. Instructions will be provided at that time for analysts to queue up for questions. Before we begin, please refer to slide two for our caution regarding forward-looking statements and non-GAAP measures. Today's presenters are Margaret Brodie, CEO, and Glenn Ibbott, CFO. I will now turn the call over to Margaret. Good morning, everyone. Thank you for joining us to review our second quarter results and provide an update on our progress in 26. Rubicon is proud to remain Canada's number one premium licensed producer, and this quarter reflected execution on many fronts. Our second quarter results demonstrate the strength of Rubicon's premium-focused strategy and the progress we are making across our expanding operating platform. We delivered record Q2 net revenue of $18.5 million, representing 23% growth year-over-year and 35% growth sequentially, while continuing to gain market share in the premium category. Importantly, growth was achieved primarily through improved execution at our Pacifica facility. Targeted operational initiatives drove approximately 20% higher per crop yields in the first half of 2026 compared to the prior year, supported by increased product availability across our portfolio. Growth was realized across all three of our key brands in Canada, while international markets also contributed to our continued momentum. Our new Cascadia facility also achieved several meaningful milestones during the quarter, namely hitting 1964 brand quality earlier ...