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RO RUBICON ORGANICS TM Rubicon Organics Reports Second Quarter 2021 Financial Results and Operational Milestones VANCOUVER , BRITISH COLUMBIA - August 20 , 2021 -- 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 , today reported its financial results for the second quarter ended June 30 , 2021 ( " Q2 2021 " ) . All amounts are expressed in Canadian dollars . " Our share of the premium cannabis segment in Canada remains strong and we remain the go to organic brand among consumers . With 44 SKUs across five brands , we can focus on meeting the rising demand from provincial distributors which is beginning to reflect both a return to normalized buying patterns and our new SKUs in high growth product categories . It is very important for us to emphasize Rubicon Organics ' success in getting its new products listed with major provincial distributors in the face of significant curtailments by these buyers . As 1964 Supply Co ™ and Homestead Cannabis SupplyTM in particular hit the market across new provinces in Q3 2021 , we will be seeing the results of our extension in the premium and mainstream flower segments which represent large volume and incremental revenue pools for the Company , " said Jesse McConnell , Chief Executive Officer . Q2 2021 Highlights : • Earned $ 4.6 million of net revenue , an increase of $ 3.6 million versus the prior year and a $ 0.5 million sequential increase ; • Repaid $ 9.0 million in second mortgage loans ; • • • • • Issued an US $ 8 million principal amount secured debenture in connection with a debt financing transaction . Published the Company's inaugural Environmental , Social and Governance Report ; Completed company - wide restructuring and has achieved annualize savings of $ 2.6 million ; Announced a Cannabis Purchase and Sale Agreement with the Yukon Liquor Corporation for the distribution of its portfolio of cannabis products to consumers in Yukon territory ; Received its first direct purchase order from Manitoba Liquor & Lotteries ; • Received its first purchase order from Cannabis NB , New Brunswick's provincial cannabis distributor and retailer ; and • Received initial purchase orders for its Simply Bare TM Organic live rosin solventless concentrate and PAX® pod products .