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Rubicon's Q1 Surge & Texas Hemp Crisis
Shadd Dales and Anthony Varrell break down two high-impact cannabis stories this week—one from Canada, the other from Texas.First up, Rubicon Organics (TSXV: ROMJ) is showing real financial progress. The company reported $12.4 million in Q1 revenue, a 39% year-over-year increase, and posted $0.7 million in adjusted EBITDA, turning around last year’s loss. Rubicon also captured 5.1% of Canada’s premium flower and pre-roll market and 14.7% of the resin vape category—clear signs that its disciplined, brand-first strategy is working in a market still under pressure from excise taxes and…
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