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RO RUBICON ORGANICS TM Rubicon Organics Reports Record Third Quarter 2021 Financial Results and Operational Update • $ 7.1 million in net revenue , 54 % increase over Q2 2021 • 8.3 % national market share of premium flower and pre - rolls • # 1 Premium flower and pre - roll brand in Canada with Simply Bare ™ Organic VANCOUVER , BRITISH COLUMBIA - November 17 , 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 third quarter ended September 30 , 2021 ( “ Q3 2021 ” ) . All amounts are expressed in Canadian dollars . “ Our record net revenue this quarter is a strong validation of our strategy to create an innovative portfolio of branded products , rooted in the production of high - quality organic cannabis . We can now also demonstrate that our lean manufacturing processes and financial discipline are able to generate significant contribution margin . With our brand portfolio , we have developed channels to utilize all of our production and we remain steadfast in our goal of driving industry leading profitability , " said Jesse McConnell , Chief Executive Officer . Q3 2021 Operational Update Simply BareTM Organic currently ranks as the # 1 premium brand and # 1 organic brand by sales of flower and pre - roll products across Canada for the year - to - date period ending September 30 , 20211 and represents 8.3 % market share of the premium flower and pre - roll category for the 12 months ended October 31 , 20212 . For Q3 2021 , the Company achieved its highest total market share since inception in the flower and pre - roll category , increasing to 1.9 % ³ across Canada , up from 1.7 % in Q2 2021. This is attributable to steadily rising sales of Simply BareTM Organic , the launch of 1964 Supply Co ™ in Ontario , British Columbia and Alberta and the launch of Homestead Cannabis Supply ™ in British Columbia and Alberta . Subsequent to Q3 2021 , for the three months ended October 31st , the Company increased its market share to 2.2 % 5 . 1 Hifyre data for the period between January 1 , 2021 and September 30 , 2021 . 2 Hifyre data for the period between November 1 , 2020 and October 31 , 2021 . 3 Hifyre data for the period between July 1 , 2021 and September 30 , 2021 . 4 Hifyre data for the period between April 1 , 2021 and June 30 , 2021 . 5 Hifyre data for the period between August 1 , 2021 and October 31 , 2021 .