BELLINGHAM, Wash., April 12, 2017 (GLOBE NEWSWIRE) -- Rubicon Organics—a Washington State corporation focused on the United States adult use and medical marijuana markets—continues to strengthen its team with three new appointments to its Board of Directors, who collectively bring with them top-level experience in agricultural, manufacturing, retail, financial and corporate governance.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/1415b573-4b67-4995-aa6b-62c44c9ae4fc
“Rubicon is focused on building next generation supply chain infrastructure and mainstream cannabis brands to drive shareholder value and capture market share,” according to Jesse McConnell, CEO. “The rapid growth that we are experiencing is tremendously exciting but it also demands that we draw on the experience and wisdom of a strong Board that is capable of providing the sort of corporate governance and leadership required to manage and sustain that growth.”
David Donnan, P.Eng., MBA is a leader in the global food and agriculture sector with over 30 years of experience working in consumer products, technology and retail industries. A partner with A.T. Kearney who leads their global food and beverage team, Donnan’s expertise in leading transformation projects in business and growth strategy has propelled him to the forefront of his industry, and made him a recognized expert in global food supply, advanced technologies, supply chain design, and economic trends in the food industry.
Bryan Disher, CPA, CA, ICD.D is a retired partner with PwC Canada and has 38 years of experience with the firm’s practices in Canada, Australia and Ukraine. He has assisted companies with public offerings in Canada and the United States, acquisitions, financial reporting, regulatory compliance and governance. He’s also served on the Board of PwC Canada for eight years, including a term as Chair, and is currently on the Boards of Balmoral Resources Ltd. and Lexington Biosciences Inc.
John Pigott is the CEO of Club Coffee, a leading Canadian roaster, contract manufacturer and distributor of packaged coffees. He is also the President and CEO of Morrison Lamothe Inc., an independent Canadian Food & Beverage processor. Pigott is committed to creating eco-friendly products and Club Coffee was recently awarded the Loblaw Companies Limited Corporate Social Responsibility Supplier of the Year honor for the breakthrough technology behind the new President’s Choice® certified 100% compostable coffee pods. Pigott has been an active force in his community for almost 30 years and has served on numerous private company and industry boards, task forces, and associations including the Canadian Association of Family Business, the University of Ottawa—Faculty of Administration and the Young Presidents Organization.
Praising these key additions to the Rubicon Board of Directors, CEO Jesse McConnell stated that, “Diversity of experience on the board, in fields that are analogous, is crucial to the success of any business looking to lead in the emerging cannabis industry. We’ve been fortunate to attract best-in-class talent that also shares our values around innovation, authenticity and sustainability. This is why someone like Pigott is such an asset to help us realize our vision.”
About Rubicon
Rubicon Holdings, Inc. (“Rubicon Organics”), a Washington State corporation, is a cannabis company focused on the United States adult use and medical marijuana markets. Rubicon has an established extraction lab, an order fulfillment center and, with a licensed processor, has commenced sales under the Doctor & Crook Co.™ brand in Washington State. Rubicon is also currently constructing a two-phase, high-tech, licensed greenhouse in Washington State totaling 100,000 square-feet to produce high-quality, low-cost marijuana using certified organic inputs. The greenhouses are designed to be modular for expansion capability.
Rubicon further plans to build its business in California with an 80,000 square-foot, high-tech greenhouse, extraction and manufacturing facility and order fulfillment center in 2017. Rubicon also expects to also launch its premium Supplied by 1964™ brand in California this year, while seeking to continue its expansion with new brand launches, product development and opportunities in other states and countries as well.
Forward-Looking Statements
This press release (the “Release”) contains forward-looking information which deals with intentions, beliefs, expectations and future results as they pertain to Rubicon Holdings, Inc. (the “Company”) and the Company’s industry. This forward-looking information also includes information regarding the financial condition and business of the Company, as they exist at the date of this Update. Forward-looking information is often, but not always, identified by the use of words such as “seeks”, “believes”, “plans”, “expects”, “intends”, “estimates”, “anticipates”, “objective”, “strategy” and statements that an event or result “may”, “will”, “should”, “could”, or “might” occur or be achieved and other similar expressions. This forward-looking information includes, without limitations, information about the Company’s opportunities, strategies, competition, expected activities and expenditures as the Company pursues its business plan, the adequacy of the Company’s available cash resources and other statements about future events or results. Forward-looking information is information about the future and is inherently uncertain, and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements due to a variety of risks, uncertainties and other factors, such as business and economic risks and uncertainties. The forward-looking information is based on a number of assumptions, including assumptions regarding general market conditions, the availability of financing for proposed transactions and programs on reasonable terms, the ability of outside service providers to deliver services in a satisfactory and timely manner, prevailing exchange rates and prevailing regulatory, tax and environmental laws and regulations. The Company’s forward-looking information is based on these beliefs, expectations and opinions of management of the Company on the date the information is provided. For the reasons set forth above, investors should not place undue reliance on forward-looking information.