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Good vapes mean good times at Rubicon

Published on August 22, 2025 by Pat Bulmer

Photo: Contributed

Vaping products were elevated to the top of podium as BC-based Rubicon Organics released results of a profitable financial quarter.

“Our strong results reflect our relentless focus on quality across every aspect of our business,” said CEO Margaret Brodie as the B.C. company released quarterly and six-month reports.

“We’re now seeing the established success of our 510-thread FSE resin vapes, which have been in market for a full year, alongside momentum from our premium genetics,” she said.

“Looking ahead, I’m excited about the potential of our newly launched all-in-one FSE resin vapes, upcoming genetic releases and the commissioning of our Hope facility to support continued, sustainable growth.”

Rubicon reported its highest-ever net revenue of $15 million, record gross profit, and record profit from operations of $1 million. The company also generated adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of $1.4 million and positive operating cash flow of $0.8 million, said CFO Glen Ibbott.

Revenue for the quarter was up 30% over the previous year’s quarter.

For the quarter ending June 30, the company’s national market share was 5.2% in premium flower and pre-rolls, 15.1% in resin vapes, 26.2%  for premium edibles, and it had the No. 1 topical brand, the reports said. Rubicon also debuted its 1964 Supply Co. all-in-one full spectrum extract resin vapes.

“In 2025, we are focused on expanding our genetic portfolio with several new launches under the Simply Bare Organic brand,” the financial statement said.

The company said its international medical cannabis exports are small, but growing.

Startup costs for the company’s second facility in Hope, B.C., will eat into profits in the near term, but will expand production capacity by over 40%. The Hope location isn’t expected to be generating revenue until 2026.