- Buying and selling on TSX Enterprise Change to begin September 22, 2020 beneath ticker image ROMJ
VANCOUVER, British Columbia, Sept. 18, 2020 (GLOBE NEWSWIRE) — Rubicon Organics Inc. (CSE:ROMJ) (OTCQX: ROMJF) (“Rubicon Organics” or the “Firm”), a licensed producer centered on cultivating and promoting natural licensed, premium hashish, is happy to announce that additional to its press launch dated July 27, 2020, the Firm has acquired remaining approval to checklist its frequent shares and three,150,000 warrants of the Firm on the TSX Enterprise Change (the “TSX-V”).
The frequent shares and warrants of the Firm are anticipated to be voluntarily delisted from the Canadian Securities Change on the shut of buying and selling on September 21, 2020 and are anticipated to begin buying and selling on the TSX-V on the opening of buying and selling on September 22, 2020. The Firm’s frequent shares will proceed to commerce beneath the image “ROMJ” and its warrants will proceed to commerce beneath the image “ROMJ.WT”.
“Rubicon Organics is itemizing on the TSX-V to extend the liquidity of our frequent shares and lift our profile within the capital markets. Having not too long ago closed an fairness financing throughout very difficult market situations, we have now secured the steadiness sheet we require to execute on a really thrilling pipeline of milestones which incorporates ramping manufacturing and income at our Delta, BC facility, increasing our distribution capabilities and investing in product innovation showcasing our super-premium and natural licensed hashish,” stated Jesse McConnell, Chief Govt Officer.
ABOUT RUBICON ORGANICS INC.
Rubicon Organics Inc., by means of its wholly owned subsidiary Vintages Natural Hashish Firm Inc., is a licensed producer centered on cultivating and promoting natural licensed, premium hashish from its flagship 125,000 sq. ft. state-of-the-art hybrid-greenhouse situated on a 20-acre property in Delta, BC, Canada. The Firm is concentrated on reaching business main profitability by means of the event of the model id Merely Naked™ Natural, that mixes the sale of high-margin, premium natural merchandise with low-cost sustainable manufacturing. The Firm is at the moment ramping as much as manufacturing capability of 11,000 kg per yr of natural licensed and environmentally sustainable hashish.
Chief Monetary Officer
Cellphone: +1 (437) 929-1964
Neither the TSX Enterprise Change, its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) nor the Canadian Securities Change accepts accountability for the adequacy or accuracy of this press launch.
Cautionary Assertion Relating to Ahead Wanting Info
This press launch incorporates forward-looking data throughout the that means of relevant securities legal guidelines. All statements that aren’t historic information, together with with out limitation, statements relating to future estimates, plans, applications, forecasts, projections, aims, assumptions, expectations or beliefs of future efficiency, and statements relating to the Firm’s expectations of when its securities might be delisted from the CSE and when buying and selling will begin on the TSX-V; the Firm’s perception that itemizing on the TSX-V will present it and its shareholders with benefits, together with larger visibility and enhanced market entry for Canadian and worldwide buyers; the Firm’s perception that it’ll achieve extra publicity by means of a bigger market by itemizing on the TSX-V; the Firm’s intention of reaching business main profitability; and the Firm’s perception that it’ll obtain an annual manufacturing run charge of roughly 11,000 kg of licensed natural, premium and environmentally sustainable hashish are “forward-looking statements”. Ahead-looking data might be recognized by means of phrases comparable to “will” or variations of such phrases or statements that sure actions, occasions or outcomes “will” be taken, happen or be achieved. Such forward-looking statements contain recognized and unknown dangers, uncertainties and different components that will trigger precise outcomes, occasions or developments to be materially completely different from any future outcomes, occasions or developments expressed or implied by such ahead wanting statements. The forward-looking data on this press launch is predicated upon sure assumptions that administration considers cheap within the circumstances, together with that its capital wants might be as at the moment projected. Dangers and uncertainties related to ahead wanting data on this press launch embody, amongst others, data or statements regarding the Firm’s expectations of economic assets obtainable to fund operations; Rubicon Organics’ restricted working historical past and lack of historic earnings; acquiring the mandatory regulatory approvals; that regulatory necessities might be maintained; normal enterprise and financial situations; the Firm’s skill to efficiently execute its plans and intentions; the Firm’s skill to acquire financing at cheap phrases although the sale of fairness and/or debt commitments; the Firm’s skill to draw and retain expert employees; market competitors; the merchandise and know-how supplied by the Firm’s opponents; that our present relationships with our suppliers, service suppliers and different third events might be maintained; and the affect of the present world well being disaster attributable to the COVID-19 pandemic. These components ought to be thought of fastidiously and readers are cautioned to not place undue reliance on such forward-looking statements. Though Rubicon Organics has tried to establish essential danger components that would trigger precise actions, occasions or outcomes to vary materially from these described in forward-looking statements, there could also be different danger components that trigger actions, occasions or outcomes to vary from these anticipated, estimated or supposed. There might be no assurance that forward-looking statements will show to be correct, as precise outcomes and future occasions may differ materially from these anticipated in forward-looking statements. Rubicon Organics assumes no obligation to replace any forward-looking assertion, even when new data turns into obtainable on account of future occasions, new data or for another purpose besides as required by legislation.