Rubicon Organics has received organic certification from the Fraser Valley Organics Producers Association ("FVOPA") at its flagship 125,000-square-foot hybrid greenhouse facility in Delta, BC. "As a result, we are now positioned to supply certified organic, super-premium cannabis grown at scale to a market where organic products are in high demand, short supply and priced at significant premiums," the team with the company explains.
"Organic cannabis is highly coveted in the medical and over-the-counter markets in North America and Europe," said Jesse McConnell, Chief Executive Officer and Co-Founder of Rubicon Organics. "Due to a substantial lack of supply of high-quality cannabis in the marketplace, there is currently a 40% to 50% price premium for super-premium cannabis products and an additional 25% to 50% price premium for organic products in Canada. This is the market that Rubicon Organics is now well-positioned to serve."
"Having organic certification from FVOPA is unequivocal validation of our proven, proprietary organic cultivation methodology which we expect will produce certified organic cannabis at scale and at a competitive cost. For investors, this means the company expects to achieve industry-leading gross margins and profitability. For the consumer, Rubicon Organics will deliver a connoisseur-level experience with the cleanest and most terpene-rich products on the market."
According to the company, Rubicon Organics is currently one of two cannabis companies in Canada to be certified by FVOPA, Canada's preeminent certification body for organic operators. FVOPA's rigorous certification program is compliant with International Organization for Standardization (ISO) 17065, Canadian Organic Standards and BC Certified Organic programs.
"Rubicon Organics' cannabis is grown in a proprietary 100% organic soil and fertilizer mix made in-house and developed over years of organic cannabis cultivation, research and development by the Company's CSO, who also wrote the Certified Organic Cannabis Standard in Canada for FVOPA," they further explain. "Rare and semi-rare cannabis strains are grown without herbicides or pesticides in a sophisticated hybrid greenhouse environment with exposure to natural sunlight and a fully automated climate control system ensuring optimal growing conditions year-round."
The Company expects to begin selling branded super-premium, certified organic cannabis products in Canada in Q4 2019.