Rubicon Organics Announces Promotion of Melanie Ramsey to Chief Operating Officer

VANCOUVER, British Columbia, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF) (“Rubicon Organics” or the “Company”), a licensed producer focused on cultivating and selling organic certified and premium cannabis, is pleased to announce the promotion of Chief Commercial Officer (CCO) to Chief Operating Officer (COO).

Appointment of Chief Operating Officer

The Company is pleased to announce the promotion of Melanie Ramsey to COO effective January 1, 2025. This promotion reflects her exceptional leadership, dedication, and contributions to the growth and success of the Company. Since joining Rubicon Organics in 2018, Ms. Ramsey has been instrumental in building our premium house of brands and product innovation. She played a pivotal role in aligning commercial strategies with operational excellence, which has significantly enhanced the Company’s performance and competitive position as well as driving several of our strategic initiatives for growth.

In her new role as COO, Ms. Ramsey will oversee the Company’s day-to-day operations and continue to execute on its strategic growth initiatives, ensuring operational efficiency and scalability as the Company enters its next phase of development.

Margaret Brodie, Chief Executive Officer of Rubicon Organics, stated: “We are thrilled to promote Melanie Ramsey to Chief Operating Officer. Over the past six years, she has demonstrated unwavering commitment and has been a driving force behind our commercial and operational success. Mel’s proven leadership and deep understanding of our business make her uniquely suited to transition to this critical role as we continue to grow and deliver value to our shareholders.”

Melanie Ramsey commented: “I am honored to take on this new role and grateful for the trust and support of our leadership team and Board. I look forward to building on the strong foundation we have established and leading our operations as we continue to execute our strategic priorities and achieve sustainable growth.”

About Melanie Ramsey

With over 25 years of global experience, Ms. Ramsey has held senior leadership roles at renowned companies, including Diageo, Beiersdorf, and now Rubicon Organics. She has driven success across commercial and operational functions, consistently delivering growth, operational excellence, and strategic transformation in diverse markets and industries worldwide.

ABOUT RUBICON ORGANICS INC.

Rubicon Organics Inc. is the global brand leader in premium organic cannabis products. The Company is vertically integrated through its wholly owned subsidiary Rubicon Holdings Corp, a licensed producer. Rubicon Organics is focused on achieving industry leading profitability through its premium cannabis flower, product innovation and brand portfolio management, including three flagship brands: its super-premium brand Simply Bare™ Organic, its premium brand 1964 Supply Co.™, its cannabis wellness brand Wildflower™ in addition to the Company’s mainstream brand Homestead Cannabis Supply™.

The Company ensures the quality of its supply chain by cultivating, processing, branding and selling organic certified, sustainably produced, super-premium cannabis products from its state-of-the-art glass roofed facility located in Delta, BC, Canada.

CONTACT INFORMATION

Margaret Brodie

CEO

Phone: +1 (437) 929-1964

Email:

The TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) does not accept responsibility for the adequacy or accuracy of this press release.

Cautionary Statement Regarding Forward Looking Information

This press release contains forward-looking information within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, statements regarding Rubicon Organics' goal of achieving industry leading profitability are "forward-looking statements". Forward-looking information can be identified by the use of words such as “will” or variations of such word or statements that certain actions, events or results "will" be taken, occur or be achieved. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward looking statements. The forward-looking information in this press release is based upon certain assumptions that management considers reasonable in the circumstances, including the impact of the leadership position change on the Company’s operations. Risks and uncertainties associated with the forward looking information in this press release include, among others, dependence on obtaining and maintaining regulatory approvals, including acquiring and renewing federal, provincial, local or other licenses and any inability to obtain all necessary governmental approvals licenses and permits for construction at its facilities in a timely manner; regulatory or political change such as changes in applicable laws and regulations, including bureaucratic delays or inefficiencies or any other reasons; any other factors or developments which may hinder market growth; Rubicon Organics' limited operating history and lack of historical profits; reliance on management; the effect of capital market conditions and other factors on capital availability; the Company’s ability to attract and retain skilled staff; competition, including from more established or better financed competitors; and the need to secure and maintain corporate alliances and partnerships, including with customers and suppliers. These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. Although Rubicon Organics has attempted to identify important risk factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other risk factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements. Rubicon Organics assumes no obligation to update any forward-looking statement, even if new information becomes available as a result of future events, new information or for any other reason except as required by law.