Rubicon Organics completes first Hope facility harvest

Executive Summary

• Rubicon Organics completed the first harvest of cannabis at its newly acquired Cascadia facility in Hope, B.C., marking a significant operational milestone.
• The company has expanded its premium production capacity by 40% through targeted capital investments, including facility layout modifications and new grow table installations.
• Initial harvests are expected to be monetized in the second quarter, with production quality projected to reach flagship-brand standards by mid-2026.

Key Details

• Facility Capacity: The Cascadia facility spans 47,500 square feet of purpose-built indoor capacity with an estimated annual production capacity of up to 4,500 kilograms.
• Capacity Expansion: The acquisition and commissioning of Cascadia expands Rubicon's premium capacity by 40%.
• Capital Expenditures: Investments included modifications to the facility layout and installation of new grow tables to improve efficiency and increase annual production capacity.
• Operational Timeline:
  • Facility acquired in June 2025.
  • Fully planted and first harvest completed on Feb. 19, 2026.
  • Initial harvests expected to be monetized in the second quarter.
  • Production quality projected to reach flagship-brand standards by mid-2026.
• Future Growth: Management anticipates further increasing estimated annual production capacity over time as crop performance data is collected and genetics from the company's library are optimized.
• Staffing: More than 30 operations team members were onboarded during the preparation phase.

Notable Quotes

• "The first harvest at Cascadia is a significant operational milestone for Rubicon Organics and demonstrates our consistent operational execution. With the facility now fully planted, we've expanded Rubicon's premium capacity by 40 per cent, positioning us to meet strong demand for our premium cannabis in Canada and international medical markets." — Margaret Brodie, Chief Executive Officer