Rubicon Organics (TSE:ROMJ) has released an update.
Rubicon Organics, a leading producer of organic certified premium cannabis, reported $8.9 million in net revenue and a significant market share in several cannabis product categories for Q1 2024, despite facing a temporary dip in profits and negative operating cash flow. The company is optimistic about future growth with the launch of full spectrum extract vapes and a shift towards higher-margin products. CEO Margaret Brodie expects Q2 to mark a recovery, buoyed by strategic product launches and the completion of a one-time ERP implementation.
For further insights into TSE:ROMJ stock, check out TipRanks’ Stock Analysis page.
