Rubicon Organics Inc. provided earnings guidance for the full year 2023. Rubicon believes that the company's cannabis quality, brand positionings and product offerings will drive continued growth in net revenue, resulting in an increase in gross profit and Adjusted EBITDA for the full year 2023. With a stable cost base, this anticipated growth in net revenue and gross profit would improve the company's operating leverage.

Additionally, the company expects to achieve positive cashflow for the full year, pending opportunistic investment decisions.