Rubicon Organics Inc., a licensed producer focused on cultivating and selling organic certified and premium cannabis, today announced that it has received its Health Canada license sales amendment which authorizes the direct sale of cannabis topical, edible and concentrate products to provincially authorized distributors/retailers and registered patients, in addition to dried and fresh cannabis products. The Company had previously been using a licensed intermediary to sell its LAB THEORY™ and 1964 Supply Co.™ brand of concentrate products to provincial distributors.
“We now have the ability to sell LAB THEORY™ and other cannabis 2.0 products in our innovation pipeline directly to all provinces and capture the full margin from our products. We are firmly focused on profitability and launching our innovation pipeline is critical to delivering industry leading margins,” said Jesse McConnell, Chief Executive Officer.
Rubicon Organics Inc., through its wholly-owned subsidiary Rubicon Holdings Corp, a licensed producer, the Company cultivates, processes and sells organic certified, sustainably produced cannabis products from its state-of-the-art hybrid greenhouse located in Delta, BC, Canada. Rubicon Organics is focused on achieving industry leading profitability through a focus on innovation and the development of brands and cannabis 2.0 products, including its flagship brand Simply Bare™ Organic and its concentrate brand LAB THEORY™.