News

Rubicon’s new facility starts growing

Published on November 28, 2025 by Pat Bulmer

Photo: Contributed

Rubicon Organics is getting its new 47,000-square-foot plant in Hope, BC, up and running.

The company recently received the licensing it needed to operate the site, which it purchased earlier this year from MediPharm Labs.

This new location will provide an additional 4,500 kilograms of production capacity, representing a 40% increase, the company says.

In a quarterly and nine-month financial report issued on Nov. 12, Delta, B.C.-based Rubicon said the Cascadia site, as it’s named, will eat into profits for a while, but will be a boon in the long run.

“While we anticipate some one-time costs into early 2026 as we bring the Cascadia facility online, this investment positions Rubicon for sustained, long-term value creation,” said Glen Ibbott, who was recently promoted from interim CFO to full-time financial chief.

“Rubicon delivered strong Q3 2025 results with net revenue of $15.6 million, up 16% year over year, and $1.7 million in adjusted EBITDA (earnings before interest, taxes, depreciation and amortization),” Ibbott said in the report. “These results reflect our commitment to achieving the benefits of operational scale, disciplined cost control and an unwavering focus on quality in Canada’s premium cannabis market,”

For the year so far, Rubicon’s net revenue is $43 million, up 25% over a year ago and EBITDA is positive at $3.8 million.

For the quarter, Rubicon achieved a national market share of 6.2% in premium pre-rolls, 13.2% in premium vapes, 16.0% in premium edibles, and has the top-selling topical, the report said.

A few days earlier, Rubicon announced it had secured a $4-million loan with Community Savings Credit Union. The money will support growth at its Hope and Delta locations, the company said.

Rubicon also won seven titles at the 2025 Kind Awards. Kind is an Ontario-based lifestyle magazine and website. The awards were voted on by over 350 Canadian budtenders.

Rubicon’s Simply Bare Organic repeated as Craft Brand of the Year. Other repeat winners were 1964 Supply Co. as Brand of the Year, Wildflower as Wellness Brand of the year and 1964’s Blue Dream FSE Resin Vape as Vape of the Year.

Simply Bare’s BC Organic Pink Drip (Gastown Genetics) was Flower and Weed of the Year. The 1964 Comatose FSE Resin AIO Vape won Best New Product Launch of the Year.

“I am most proud of winning both Flower of the Year and Weed of the Year for BC Organic Pink Drip. It’s an outstanding genetic and a testament to our genetic strategy,” said COO Melanie Ramsey in a news release.

Rubicon measures environmental, social progress

Rubicon Organics recently released its fifth annual Environmental, Social and Governance Report for 2024. The report contains a vast array of numbers and information about the company.

Highlights:

— “Our total carbon footprint decreased by 14% from 2023. Natural gas consumption decreased by 12% … Electricity usage increased by 8% … largely attributable to expanded production activities.”

— Rubicon’s energy consumption decreased by 1% in 2024. “When viewed in relation to revenues, our energy consumption per dollar of revenue in 2024 decreased by 19%” compared to 2023, the company said.

— “Full-spectrum LED lighting continues to be used in all growing areas, supporting healthier plants and higher yields while consuming up to 60% less energy than conventional grow lights. Thermal curtains remain installed in every growing compartment … Together, these measures help us consistently manage energy use and reduce our environmental impact.”

— “Drip irrigation is used across our greenhouse, which is widely considered the most water-efficient way of irrigating a crop. In 2024, we upgraded all drip irrigation tubes and emitters to deliver water more consistently to plants … This resulted in a large decrease in our water usage from 2023 to 2024.”

— “Based on industry regulations, cost pressures, and the availability of sustainable packaging options, we are reassessing our ambition to adopt 100% reusable packaging. We must re-evaluate our strategy given the challenge with vape cartridges and other devices, which are not currently recyclable through most municipal programs. Stringent Health Canada regulations, particularly around child-resistant packaging, limit the flexibility of materials and formats we can use. Ensuring product freshness and safety is essential for a premium product.”

— “In 2024, we continued increasing the proportion of products packaged in lower-carbon-footprint mylar bags … The only SKUs (brands) still packaged in glass jars are the super-premium Simply Bare Organic 3.5g and 7 g flower offerings. We plan to transition these products to a more sustainable format by the end of 2026.”

— “In 2024, we generated a total of 109.7 tonnes of waste, representing a 3% reduction from 2023 (113.2 tonnes). In 2024, our landfill diversion rate was 33.6%, compared to 33.8% in 2023. Although slightly lower year-over-year, our diversion performance remains above the Canadian average of approximately 27.1%.”

— “As one of a small group of certified organic LPs (licensed producers) in Canada in 2024, we are committed to protecting the local ecosystem by continually enhancing our organic farming practices. We use a proprietary soil recipe made from rich ingredients harvested locally and sustainably from B.C.’s mountains, forests, and the ocean, such as glacial rock dust, Douglas Fir bark, kelp, and fish compost.”

— “Our long-term safety goal has been to achieve zero lost time injuries and zero medical aid incidents by 2025. in 2024 we exceeded it by achieving a zero LTIR (lost time incident rate).”

— “We ended 2024 with 202 employees, an increase of 14% from 2023. In 2024, we hired 65 people, the same as in 2023. Of the new hires in 2024, 24 of those were temporary foreign workers (TFWs) compared to 22 hired in 2023.”

— In 2024, 27% of our workforce identified as female and 86% identified as members of underrepresented groups.

— “In 2024, we had a gender wage gap of –41.9%, meaning that, on average, females at Rubicon earned 41.9% more than their male counterparts.”

— “In 2024, our CEO pay ratio was 18:1 reflecting a slight increase due to a CEO salary adjustment following a promotion during the year. According to the Canadian Centre for Policy Alternatives, the average CEO pay ratio among Canada’s 100 highest-paid CEOs was 246:1 in 2024. The CEO pay ratio measures the annual total compensation of a company’s highest-paid individual against the median annual compensation of all other employees.”