11:56 AM EDT, 08/18/2025 (MT Newswires) -- Cannabis producer Rubicon Organics ( ROMJF ) said Monday it swung to a profit in the second quarter as revenue grew 24%.

Rubicon posted a profit of $773,242, or $0.01 per share, for the three months ended June 30, reversing a year-ago loss of $454,165, or $0.01. Revenue rose to $15.0 million from $12.1 million and adjusted EBITDA climbed to $1.4 million from $859,159.

"We're now seeing the established success of our 510-thread FSE resin vapes, which have been in market for a full year, alongside momentum from our premium genetics-underscoring the strength of our genetic strategy," Chief Executive Margaret Brodie said.

During the quarter, Rubicon said it closed the acquisition of the Hope facility in British Columbia, increasing its annual production capacity by over 40%.

"While we expect some one-time costs in the back half of the year as we invest in bringing the Hope Facility online, this is a strategic move to support long-term, sustainable value creation," Chief Financial Officer Glen Ibbott said.

Rubicon shares were last seen up $0.06 to $0.60 on the TSX Venture Exchange.

Price: 0.60, Change: +0.06, Percent Change: +11.11