Rubicon Organics Announces Closing of its Previously Announced Credit Agreements with Community Savings Credit Union

Executive Summary

• Rubicon Organics Inc. confirmed the closing of its Credit Agreements with Community Savings Credit Union, receiving a $3 million capital loan and securing access to a $1 million line of credit.
• The financing is secured against the Cascadia Facility and will fund margin‑accretive projects at the Pacifica and Cascadia facilities.
• The additional liquidity supports expansion of production capacity (over 40% increase) and positions the company for continued growth in domestic and export cannabis markets.

Key Details

• Credit Agreements Closed: With Community Savings Credit Union (CSCU).
• Capital Loan Received: $3,000,000 cash proceeds.
• Committed Line of Credit: Up to $1,000,000 available on demand.
• Security: Loans secured by the Cascadia Facility located in Hope, BC.
• Use of Proceeds: Funding margin‑accretive projects at Pacifica (Delta, BC) and Cascadia facilities, including capacity expansion and product development.
• Facility Impact: Cascadia acquisition/licensing expands overall production capacity by >40%, enhancing ability to meet domestic demand and pursue export opportunities.
• Forward‑Looking Statements: Company expects the financing to support growth initiatives; risks disclosed in standard cautionary language.

Notable Quotes

• “The closing of these credit agreements provides us with the financial flexibility needed to accelerate our growth strategy and invest in high‑margin projects at both Pacifica and Cascadia,” – Margaret Brodie, CEO.