Rubicon receives cultivation licence for Cascadia

Ms. Margaret Brodie reports RUBICON ORGANICS ANNOUNCES HEALTH CANADA CULTIVATION LICENSE FOR CASCADIA (HOPE, BC) FACILITY Rubicon Organics Inc.'s Cascadia facility, located in Hope, B.C., has received its licence to cultivate, process and store cannabis from Health Canada. 40-per-cent increase in cultivation capacity expected to drive revenue and EBITDA (earnings before interest, taxes, depreciation and amortization) growth in Rubicon's premium cannabis products; The company also announces the naming of cultivation facilities to Pacifica (previously Delta facility) and Cascadia (previously Hope facility). The licence will enable Rubicon to begin cultivating cannabis at the 47,500-square-foot, purpose-built indoor facility, already equipped with advanced cultivation technologies. This new facility will provide an additional 4,500 kilograms of production capacity, representing an incremental 40 per cent on existing capacity, bringing the company's total annual capacity to 15,500 kg of premium cannabis. Operations at the Cascadia facility are now under way. The company expects first revenue in the first half of 2026. "The receipt of this licence is a significant step in the transformation of Rubicon Organics. This additional 40-per-cent capacity will allow Rubicon to meet currently unmet demand for our award-winning premium products in Canada and in additional markets," said Margaret Brodie, chief executive officer. "Our newly licenced Cascadia facility will also provide us with an indoor cultivation environment in which I expect certain cannabis strains will perform well, as well as additional capacity to begin addressing the international market opportunities for premium branded Rubicon product." Naming of facilities -- Pacifica and Cascadia Rubicon Organics is also pleased to announced the naming of the existing Delta, B.C., and Hope, B.C., facilities, to Pacifica and Cascadia, respectively. This naming reflects the company's legacy West Coast culture and expanded domestic and international focus. 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 Delta, B.C., facility, and is now complemented by the acquisition of its Hope, B.C., facility 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's 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 EBITDA (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.