Rubicon obtains $4-million financing from credit union

Ms. Margaret Brodie reports RUBICON ORGANICS SECURES $4 MILLION IN FINANCING TO SUPPORT STRATEGIC GROWTH INITIATIVES Rubicon Organics Inc. has entered into additional credit agreements pursuant to which it has borrowed an aggregate of up to $4-million from Community Savings Credit Union. The credit agreements consist of a $3.0-million capital loan with a term of five years, with an amortization period of 10 years, bearing interest at a rate of 6.79 per cent per annum, and a $1.0-million line of credit, which bears interest at a rate of CSCU basic lending rate plus 5.50 per cent, calculated on a monthly basis. The credit agreements, secured against the Cascadia facility and expected to be finalized within the next month, will be used by the company to finance margin accretive projects at its Pacifica and Cascadia facilities. "This financing provides us with capital and flexibility to execute on our growth plans while maintaining a strong balance sheet," said Glen Ibbott, chief financial officer. "We appreciate the continued support of our financial partners and their confidence in our vision." About Rubicon Organics Inc. Rubicon Organics is the Canadian leader in certified organic and premium cannabis. With a vertically integrated model and strong national distribution, the company is scaling a house of trusted, high performing brands including Simply Bare Organics, 1964 Supply Co., Wildflower and Homestead Cannabis Supply. The company's production base is anchored by its Pacifica facility (Delta, B.C.), and is complemented by the acquisition and licensing of its Cascadia facility (Hope, B.C.), which will expand production capacity by over 40 per cent and support future growth in both domestic and export markets. With proprietary genetics, award-winning products and certifications enabling international distribution, Rubicon is positioned at the forefront of the premium cannabis segment. As the Canadian market continues to rationalize and global demand for high-quality cannabis increases, Rubicon Organics' disciplined execution, brand equity and consumer loyalty set it apart. The company's focus on premium quality, innovation and operational execution has driven consistent revenue growth and positive adjusted earnings before interest, taxes, depreciation and amortization. Rubicon Organics represents a rare combination of category leadership, operational strength and long-term growth potential. We seek Safe Harbor.