VANCOUVER, British Columbia – Rubicon Organics Inc. (CSE:ROMJ) (OTCQX:ROMJF) (“Rubicon Organics” or the “Company”) is happy to announce that it has signed a product provide settlement (the “Agreement”) with canacur GmbH, a medical hashish distributor integrated in Nuremburg, Germany (“Canacur”). Pursuant to the Agreement, Canacur shall buy dried hashish from Rubicon Organics for an preliminary time period of three years, with two optionally available two-year extensions obtainable. The Company expects first exports within the first half of 2021, pending EU-GMP certification.
“We are excited to bring our high-quality cannabis to German medical patients,” said Jesse McConnell, CEO of Rubicon Organics. “This milestone agreement with Canacur provides another route to market and access to the fast-growing German medical market.”
As a part of the Agreement, Canacur has agreed to offer the Company as much as $700,000 as advance cost for product, which can be secured behind current secured lenders on the Company’s facility in Delta, British Columbia. This advance cost assists the Company to arrange for EU-GMP processing and certification.
ABOUT RUBICON ORGANICS INC.
Rubicon Organics Inc., by means of its wholly owned subsidiary Vintages Organic Cannabis Company Inc., is a licensed producer targeted on cultivating and promoting natural licensed, super-premium hashish from its flagship 125,000 sq. ft. state-of-the-art hybrid-greenhouse situated on a 20-acre property in Delta, BC, Canada. The Company is concentrated on attaining trade main profitability by means of the event of the model identification Simply BareTM Organic, that mixes the sale of high-margin, super-premium natural merchandise with low-cost sustainable manufacturing. The Company is at the moment ramping as much as manufacturing capability of 11,000 kg per yr of natural licensed and environmentally sustainable hashish.