01:29 PM EST, 11/10/2025 (MT Newswires) -- Rubicon Organics ( ROMJF ) on Monday said it entered into additional credit agreements with Community Savings Credit Union and it has borrowed up $4 million under the facility.
The company said the credit agreements consist of a $3.0-million five-year capital loan, with an amortization period of ten years and an interest at a rate of 6.79% per year. and a $1.0-million Line of Credit which bears interest at a rate of the credit union's Basic Lending Rate plus 5.50%, calculated on a monthly basis.
Rubicon expects to use the credit agreements to fund margin accretive projects at its Pacifica and Cascadia Facilities.
Shares of the company were last seen up $0.01 to $0.50 on the TSX Venture Exchange.
Price: 0.50, Change: +0.01, Percent Change: +2.04