Canadian Marijuana Company Rubicon Organics Reports Flat Revenue, Adjusted EBITDA Loss, Provides Positive Outlook
Portfolio Pulse from Nina Zdinjak
Rubicon Organics Inc. reported flat revenue and an adjusted EBITDA loss for Q1 2024, but provided a positive outlook for the rest of the year. The company anticipates growth from higher-margin products and new product launches, despite challenges in the first quarter.
May 16, 2024 | 12:49 pm
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Rubicon Organics reported flat revenue and an adjusted EBITDA loss for Q1 2024. The company expects growth from higher-margin products and new product launches, projecting positive cash flow and plans to refinance its debt.
Despite a challenging Q1, Rubicon Organics is optimistic about future growth due to a shift to higher-margin products and new product launches. The company's positive outlook and plans to refinance debt suggest potential stock price appreciation.
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