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Tuesday, Jul 5, 2022
Mugglehead Magazine
Alternative investment news based in Vancouver, B.C.


Rubicon Organics inks first medical deal with Shoppers Drug Mart

Shoppers-registered patients will be able to buy Simply Bare Organic hash as well as Wildflower Cool and Relief sticks

Photo via Rubicon Organics

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.

Rubicon Organics inks first medical deal with Shoppers Drug Mart - wildflower cbd relief stick

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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