News

Rubicon’s new Cascadia growing facility helps meet demand

Published on April 10, 2026 by Pat Bulmer

Photo: Contributed

BC-based Rubicon Organics’ cannabis supply will soon be large enough to meet demand.

The opening of a new, second, growing facility in Hope “positions us well to meet growing domestic and international demand for premium cannabis,” the company said as it issued financial results for 2025.

The Cascadia site reaped its first harvest in February.

“As operations mature and efficiencies are realized, we expect production to increase

meaningfully over the next several years,” the report said.

Rubicon expects the site to get certifications it needs “in the coming months” to allow cannabis grown there to be exported.

Rubicon’s original greenhouse, now called Pacifica, is located in Delta, nearer to Vancouver. The greenhouses will give Rubicon an annual production capacity of 15,500 kilograms, the company said.

“Demand for our flower products has consistently exceeded our available supply,” the report said. “We are building the teams, systems, and infrastructure needed to support the next phase of growth. With the Cascadia facility now licensed and fully operational, 2026 marks a pivotal year for Rubicon to address these supply constraints.”

Rubicon will continue to add new products in 2026. “Recent additions include BC Organic Lemolada, and BC Organic Mandarin Zktz, which were introduced into the market in early 2026. We believe a steady pipeline of sought-after cultivars is essential to maintain our leadership in the premium and super-premium segments of the Canadian market and to drive long-term consumer loyalty.”

Rubicon made some major financial moves in 2025, the report said, citing a private share distribution that raised some $4.5 million and taking on a long-term $3 million loan.

For the year:

— Net revenue was $59.5 million (22% increase from 2024)

— Gross profit was $19.5 million, up 27% from the previous year.

— EBITDA was $5 million

— Profit from operations was $1.8 million and net income $1.1 million.

Led by its 1964 Supply Co. brand, Rubicon said it is the No. 1 premium licensed producer in Canada. Its Wildflower is the No. 2 topical brand and the company has an 18% national market share in premium vapes.

For 2026, Rubicon expects some financial categories will start slowly as the Cascadia facility is ramped up. “As production from Cascadia comes online and revenues are realized, we expect a meaningful acceleration in gross margins, adjusted EBITDA, and operating cash inflows through the second half of 2026. Based on our current view of demand for our products, we remain confident that the growth exhibited in 2025, which culminated in record revenues, will continue into 2026.”