VANCOUVER, British Columbia, Oct. 07, 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 publication of its fourth annual Environmental, Social and Governance Report ("ESG Report") measuring the year ended December 31, 2023.
Rubicon Organics is committed to incorporating environmental, social, and governance ("ESG") principles into our operations and has established itself as a leader in ESG within the cannabis industry. This ESG Report covers the period from January 1 to December 31, 2023, showcasing our dedication to embedding transparency, sustainability, and responsible business practices across all facets of our operations, including governance, environmental stewardship, and community engagement. Our goals are ambitious, and we remain committed to accountability by mindfully measuring and openly reporting our progress on this ESG journey.
Highlights of the ESG Report:
- Cut our carbon footprint by 48% to 2,064 tonnes, led by a reduction in use of natural gas achieved through the BC Hydro site upgrade in late 2022.
- Increased our landfill waste diversion to 66% through recycling, repurposing waste as biofuel and a focus on composting.
- With an active focus on employee satisfaction, and respectful workplace culture, voluntary turnover reduced by 14% year over year.
"We believe we are establishing industry benchmarks and building a robust and resilient cannabis industry in Canada. Our journey towards achieving our vision begins with our people. Governance from our Board of Directors sets the tone for the standards we uphold. Our engaged and diverse team fuels our sustainability performance, bolstered by strong governance, a supportive culture, committed leadership, and our vision, mission, and values" said Margaret Brodie, Chief Executive Officer.
Click here to read a copy of the full report.
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, and 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: ir@rubiconorganics.com
The TSX Venture Exchange or 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. 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; 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.
