Rubicon Organics Inc. (TSX-V: ROMJ) (OTCQX: ROMJF) has signed a deal with Medical Cannabis by Shoppers Drug Mart Inc., adding the producer’s first medical SKUs to the Canadian market.
On Monday, British Columbia-based Rubicon said its first products available on Shoppers’ platform are Simply Bare Organic hash, and Wildflower’s CBD Relief and CBD Cool sticks in 30- and 73-gram formats.
“Rubicon Organics has made great strides in consistently increasing its distribution across Canada and this supply agreement significantly advances the presence of our portfolio of brands in the Canadian medical cannabis channel,” CEO Jesse McConnell said in a statement.
“We have a deep product innovation portfolio that is equally applicable to the medical and recreational cannabis markets, and we expect to solidify our leadership position in the Canadian premium and organic cannabis segments as we roll-out our innovation across the country in the coming months.”
In June, Rubicon became the first Canadian cannabis firm to release an environmental, social and governance report.
Last month, the company reported a 12-per-cent increase in its second quarter net revenue compared to its first quarter.
Read more: Rubicon reports rising revenue, losses from operations
Read more: First Canadian cannabis ESG report released by Rubicon Organics
Company stock rose slightly on Monday to $2.37 on the TSX Venture Exchange.
Rubicon produces premium cannabis brand Simply Bare Organic, CBD-focused Wildflower, craft concentrates brand Lab Theory, as well as flower and pressed hashish brand 1964 Supply Co.
According to Wildflower Canada’s website, its CBD Relief Stick is its strongest topical. It features high concentration of CBD, blended with coconut oil, shea butter, and therapeutic essential oils such as arnica and wintergreen. Image via Wildflower Canada
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