Rubicon Organics Inc (STU:R07)

€ 0.206 -0.012 (-5.5%) Market Cap: 12.26 Mil Enterprise Value: 13.22 Mil PE Ratio: 0 PB Ratio: 0.50 GF Score: 19/100

Q1 2023 Rubicon Organics Inc Earnings Call Transcript

May 23, 2023 / 02:00PM GMT

Transcript

Operator

Good morning, everyone. Welcome to Rubicon Organics First Quarter March 31, 2023 Financial Results Conference Call. As a reminder, this conference is being recorded on May 23, 2023.

(Operator Instructions)

Before we begin, I will refer you to Slide 2 of our presentation, which contains Rubicon's caution regarding forward-looking statements and non-GAAP measures.

Today's presenter will be Margaret Brodie, Interim CEO and CFO.

I will now turn the call over to Margaret Brodie for the presentation.

Margaret Ruth Brodie

Rubicon Organics Inc. - Interim CEO, CFO & Director

Thank you, operator, and good morning, everyone. Today, I'll provide an update on Rubicon Organics' performance in Q1 2023, highlighting our progress as an emerging winner in the Canadian cannabis market.

In Q1 2023, we achieved net revenue of $8.8 million for the 3 months ended Q1 '23, a 71% increase in the prior -- same period in the prior year, and we achieved both positive operating cash flow and adjusted EBITDA of $200,000, marking our

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