Rubicon Organics Raises CA$3 Million Via Private Placement to Expand Pacifica Cultivation Capacity

09:11 AM EDT, 10/19/2026 (MT Newswires) -- Rubicon Organics (ROMJ.V) closed a non-brokered private placement with a strategic investor, Siwash Rock Investments, raising about CA$3 million, it said in a statement on Monday. The cannabis producer sold Siwash 6.7-million shares at CA$0.45 apiece. Proceeds will be used to upgrade cultivation lighting and related greenhouse infrastructure at its Pacifica facility in Delta, British Columbia, with the balance allocated to general working capital, it said. "This investment allows us to expand total output from our existing assets by 29%, serve more unmet demand, lower per-unit costs and improve gross margin," said Rubicon Chief Executive Officer Margaret Brodie. Shares of the company closed unchanged at CA$0.44 Friday on the TSX Venture Exchange.