VANCOUVER, British Columbia, July 17, 2019 (GLOBE NEWSWIRE) -- Rubicon Organics Inc. (CSE:ROMJ) (OTCQX:ROMJF) (“Rubicon Organics” or the “Company”) is pleased to announce that it is the first cannabis company in Canada to receive Environmental Farm Plan certification from the British Columbia Ministry of Agriculture, thereby being recognized as an industry leader for its commitment to sustainability and environmental best practices.
“Every step we take is guided by a companywide commitment to cultivating incredible cannabis while also doing what is best for the planet – a commitment that we believe will appeal to both consumers and investors alike,” said Jesse McConnell, Chief Executive Officer and Co-Founder of Rubicon Organics. “Through the EFP certification process, we have established strong relationships with provincial regulators and are excited to work alongside them to not only adhere to industry best practices but to also help set those standards.”
“Combined with our recently announced FVOPA organic certification, Rubicon Organics is now positioned to offer consumers the ultimate combination of super-premium, certified organic and environmentally sustainable cannabis grown in the most ideal climate on the BC coast. It has taken us four years of extensive research and development in perfecting organic cannabis cultivation at scale to get to this point and we are keen to finally bring our superior products to market in the coming months.”
Environmental Farm Plan
The EFP is a rigorous government audited process that acknowledges excellence in agricultural production with regards to the environment and human health. The program supports businesses to complete agri-environmental risk assessments, the benefits of which include: improved sustainability of British Columbia’s agricultural industry; recognition of efforts to manage land in an environmentally sustainable manner; enhanced marketing opportunities and improved relationships with environmental agencies; and improved response to environmental incidents through contingency planning.
The Company’s facility in Delta, BC, is focused on environmental sustainability by being “net-zero” energy. All electricity usage is generated through hydro power and the plants are grown using the sun and LED lighting. The facility is also “net-zero” waste where: (i) all organic matter is composted and reused; and (ii) carbon is recaptured and reused with all carbon dioxide generated by operations used as a crop supplement.
In addition, the Delta facility is committed to water conservation through: (i) precision, sensor-based watering which reduces water consumption; (ii) 100% rainwater collection and recycling; and (iii) usage of condensate traps and moisture sensors to recycle all water vapor collected from processing.
ABOUT RUBICON ORGANICS INC.
Rubicon Organics Inc. is a Licensed Producer focused on building certified organic, super-premium cannabis brands at its flagship 125,000 sq. ft. state-of-the-art hybrid greenhouse located on a 20-acre property in Delta, BC, Canada. Management has unparalleled cannabis and organic farming expertise as well as prior successful commercialization of cannabis with Whistler Medical Marijuana Company, which was purchased by Aurora Cannabis in January 2019 for $175 million.
The Company is currently ramping up to produce approximately 11,000 kg of certified organic, super-premium and environmentally sustainable cannabis in 2020 and on creating super-premium brands in Canada. In the United States, the Company owns a 40,000 square-foot, high-tech hybrid greenhouse in Washington state which is leased to a state-licensed operator applying Rubicon Organics’ proprietary organic cultivation methods. The Company also owns two award-winning U.S. cannabis brands: 1964 Supply Co.™ in California and Doctor & Crook Co.™ in Washington; and has exclusive licensing rights in Washington for iconic lifestyle and cannabis brand, Cookies.
CONTACT INFORMATION
Corporate:
Shirley Anthony
Director, Investor Relations
Phone: +1 (437) 929-1964
Email: ir@rubiconorganics.com
Media:
Megan Cunningham
Gear Communications
Phone: +1 (781) 727-8462
Email: mcunningham@gearcommunications.com
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, statements regarding Rubicon Organics' proposed brand launches and path to market are "forward-looking statements". Forward-looking information can be identified by the use of words such as “will” or variations of such word 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 the forward looking information in this press release include, among others, dependence on obtaining and maintaining regulatory approvals, including acquiring and renewing state, local or other licenses and any inability to obtain all necessary governmental approvals licenses and permits to complete construction of its proposed facilities in a timely manner; engaging in activities which currently are illegal under U.S. federal law and the uncertainty of existing protection from U.S. federal or other prosecution; regulatory or political change such as changes in applicable laws and regulations, including U.S. state-law legalization, particularly in California, due to inconsistent public opinion, perception of the medical-use and adult-use marijuana industry, bureaucratic delays or inefficiencies or any other reasons; any other factors or developments which may hinder market growth; Rubicon Organics' limited operating history and lack of historical profits; reliance on management; and the effect of capital market conditions and other factors on capital availability; competition, including from more established or better financed competitors; and the need to secure and maintain corporate alliances and partnerships, including with customers and suppliers. 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.