VANCOUVER, British Columbia, Dec. 14, 2020 (GLOBE NEWSWIRE) — Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF) (“Rubicon Organics” or the “Company”), a licensed producer focused on developing organic certified and premium cannabis products, is pleased to announce the appointment of Julie Lassonde to its Board of Directors (the “Board”), subject to the receipt of Health Canada’s customary security clearance.
“We are thrilled to add Julie to our Board of Directors. Julie’s significant executive experience guiding early stage growth companies through to maturity is a perfect complement to Rubicon Organics and, on behalf of the Board, we are very keen to be working with her,” said Jesse McConnell, Chief Executive Officer.
Ms. Lassonde has more than 20 years of experience in the banking and mining sectors in senior executive and board roles. Ms. Lassonde is currently on the Board of Directors of RF Capital Group (TSX:RCG formerly GMP Capital Inc.), and chairs the Governance Committee. In addition to her corporate background, Ms. Lassonde has extensive leadership experience on several of Canada’s largest non-profit boards. She is currently on the boards of York University, the National Gallery of Canada Foundation and the Royal Ontario Museum Foundation. At York, she is on the Executive Committee and chairs the External Relations Committee and at the National Gallery she chairs the Investment Committee overseeing the Foundation’s Endowment, and sits on the Executive Committee. Ms. Lassonde has also served on the Board of the Pierre Lassonde Family Foundation, for over 20 years.
Ms. Lassonde holds a degree in Civil Engineering from Queen’s University and a joint Executive MBA from Brown University and IE Business School in Madrid.
ABOUT RUBICON ORGANICS INC.
Rubicon Organics Inc. is becoming the global brand leader in organic cannabis products. Through its wholly owned subsidiary Rubicon Holdings Corp, a licensed producer, the Company cultivates, processes and sells organic certified, sustainably produced, super-premium cannabis products from its state-of-the-art hybrid greenhouse located in Delta, BC, Canada. Rubicon Organics is focused on achieving industry leading profitability through a focus on innovation and the development of brands and cannabis 2.0 products, including its flagship super-premium brand Simply Bare
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Organic and its super-premium concentrate brand LAB THEORY
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CONTACT INFORMATION
Margaret Brodie
Chief Financial Officer
Phone: +1 (437) 929-1964
Email: [email protected]
The TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) does not accept responsibility for the adequacy or accuracy of this press release.
Cautionary Statement Regarding Forward Looking Information
This press release contains forward-looking information within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, and statements such as the Company’s intention of achieving industry leading profitability are “forward-looking statements”. Forward-looking information can be identified by the use of words such as “will” or variations of such words or statements that certain actions, events or results “will” be taken, occur or be achieved. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward looking statements. The forward-looking information in this press release is based upon certain assumptions that management considers reasonable in the circumstances, including that its capital needs will be as currently projected. Risks and uncertainties associated with forward looking information in this press release include, among others, information or statements concerning the Company’s expectations of financial resources available to fund operations; Rubicon Organics’ limited operating history and lack of historical profits; obtaining the necessary regulatory approvals; that regulatory requirements will be maintained; general business and economic conditions; the Company’s ability to successfully execute its plans and intentions; the Company’s ability to obtain financing at reasonable terms through the sale of equity and/or debt commitments; the Company’s ability to attract and retain skilled staff; market competition; the products and technology offered by the Company’s competitors; that our current relationships with our suppliers, service providers and other third parties will be maintained; and the impact of the current global health crisis caused by the COVID-19 pandemic. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. Although Rubicon Organics has attempted to identify important risk factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other risk factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements. Rubicon Organics assumes no obligation to update any forward-looking statement, even if new information becomes available as a result of future events, new information or for any other reason except as required by law.
