[PRESS RELEASE] – VANCOUVER, British Columbia, Nov. 10, 2025 – Rubicon Organics Inc., is Canada’s leading premium licensed producer focused on cultivating and selling organic certified, premium and super-premium cannabis products, announced that it has entered into additional credit agreements pursuant to which it has borrowed up to an aggregate of $4 million from Community Savings Credit Union (CSCU).
The credit agreements consist of a $3 million capital loan with a term of five years, with an amortization period of 10 years, and bears interest at a rate of 6.79% per annum and a $1 million line of credit, which bears interest at a rate of CSCU basic lending rate plus 5.5%, calculated on a monthly basis.
The credit agreements, secured against the Cascadia Facility and expected to be finalized within the next month, will be used by the company to fund margin accretive projects at its Pacifica and Cascadia facilities.
"This financing provides us with capital and flexibility to execute on our growth plans while maintaining a strong balance sheet,” Chief Financial Officer Glen Ibbott said. “We appreciate the continued support of our financial partners and their confidence in our vision.”
