Rubicon Organics to Commence Trading on the TSX Venture Exchange
September 21 2020 - 3:30PM
Rubicon Organics Inc. (CSE:ROMJ) (OTCQX: ROMJF) (“Rubicon Organics”
or the “Company”), a licensed producer focused on cultivating and
selling organic certified, premium cannabis, is pleased to announce
that its common shares and 3,150,000 warrants will begin trading on
the TSX Venture Exchange (the “TSX-V”), September 22, 2020. No
action is required by current shareholders to trade their shares on
the TSX-V.
The common shares and warrants of the Company
will be voluntarily delisted from the Canadian Securities Exchange
at the close of trading on September 21, 2020 and commence trading
on the TSX-V at the opening of trading on September 22, 2020.
The Company’s common shares will continue to trade under the symbol
“ROMJ” and its warrants will continue to trade under the symbol
“ROMJ.WT”.
ABOUT RUBICON ORGANICS INC.
Rubicon Organics Inc., through its wholly owned
subsidiary Vintages Organic Cannabis Company Inc., is a licensed
producer focused on cultivating and selling organic certified,
premium cannabis from its flagship 125,000 sq. ft. state-of-the-art
hybrid-greenhouse located on a 20-acre property in Delta, BC,
Canada. The Company is focused on achieving industry leading
profitability through the development of the brand identity Simply
BareTM Organic, that combines the sale of high-margin, premium
organic products with low-cost sustainable production. The Company
is currently ramping up to production capacity of 11,000 kg per
year of organic certified and environmentally sustainable
cannabis.
CONTACT INFORMATION
Margaret BrodieChief Financial OfficerPhone: +1
(437) 929-1964Email: ir@rubiconorganics.com
Neither the TSX Venture Exchange, its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) nor the Canadian Securities Exchange accepts
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. All
statements that are not historical facts, including without
limitation, statements regarding future estimates, plans, programs,
forecasts, projections, objectives, assumptions, expectations or
beliefs of future performance, and statements regarding the
Company’s expectations of when its securities will be delisted from
the CSE and when trading will commence on the TSX-V; the Company’s
intention of achieving industry leading profitability; and the
Company’s belief that it will achieve an annual production run rate
of approximately 11,000 kg of certified organic, premium and
environmentally sustainable cannabis are “forward-looking
statements”. Forward-looking information can be identified by the
use of words such as “will” or variations of such words or
statements 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 may cause
actual results, events or developments to be materially different
from any future results, events or developments expressed or
implied by such forward looking statements. The forward-looking
information in this press release is based upon certain assumptions
that management considers reasonable in the circumstances,
including that its capital needs will be as currently projected.
Risks and uncertainties associated with forward looking information
in this press release include, among others, information or
statements concerning the Company’s expectations of financial
resources available to fund operations; Rubicon Organics' limited
operating history and lack of historical profits; obtaining the
necessary regulatory approvals; that regulatory requirements will
be maintained; general business and economic conditions; the
Company’s ability to successfully execute its plans and intentions;
the Company’s ability to obtain financing at reasonable terms
though the sale of equity and/or debt commitments; the Company’s
ability to attract and retain skilled staff; market competition;
the products and technology offered by the Company’s competitors;
that our current relationships with our suppliers, service
providers and other third parties will be maintained; and the
impact of the current global health crisis caused by the COVID-19
pandemic. 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
forward-looking statements, there may be other risk factors that
cause actions, events or results to differ from those anticipated,
estimated or intended. There can be no assurance that
forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in forward-looking statements. Rubicon Organics assumes
no obligation to update any forward-looking statement, even if new
information becomes available as a result of future events, new
information or for any other reason except as required by law.
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