Rubicon Organics Inc., a licensed producer focused on cultivating and selling organic certified, premium cannabis, announces that it has granted 420,000 deferred share units (“DSUs”) and 15,000 stock options.
The Company has granted an aggregate of 420,000 DSUs pursuant to the DSU plan to independent directors of the Company as compensation for their services in 2023. The DSUs vest immediately and may only be redeemed upon a holder ceasing to be a director of Rubicon Organics.
The Company has granted stock options for a total of 15,000 common shares to an employee of the Company pursuant to the equity incentive plan. The stock options are exercisable at $0.50 per share for a period of five years from the date of grant.
About Rubicon Organics Inc.
Rubicon Organics Inc. is the global brand leader 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 flagship brands: its super-premium brand Simply Bare™ Organic, its premium brand 1964 Supply Co™, and its cannabis wellness brand Wildflower™ in addition to the Company’s mainstream brand Homestead Cannabis Supply™ and its concentrate brand Lab Theory™. The Company ensures the quality of its supply chain by cultivating, processing, branding and selling organic certified, sustainably produced, super-premium cannabis products from its state-of-the-art glass roofed facility located in Delta, BC, Canada.