Bellingham, Washington – RUBICON HOLDINGS INC. (“Rubicon” or the “Company”) is pleased to announce that it has purchased three acres of light industrial zoned land in the City of Greenfield, California, for the development of a high-tech, Venlo-style glass greenhouse. The City of Greenfield is actively looking to issue municipal cultivation permits for cannabis cultivation. Rubicon seeks to construct a greenhouse and have their first sales in the California medical market in the fourth quarter of 2017. The development of the land for cannabis cultivation is subject to permitting by the City of Greenfield. There can be no assurance at this stage that the permit application will be successful.
Rubicon is also pleased to announce that the extraction and processing lab in Bellingham, Washington is now operating and processing product by a licensed processor with high-quality concentration, distillation and analytic equipment. First sales of Rubicon’s Doctor & Crook Co.™ brand are expected in the third quarter of 2016.
Rubicon Holdings, Inc. (“Rubicon”), a Washington State corporation, is a cannabis company focused on the United States recreational and medical marijuana markets. Rubicon has an established extraction lab, order fulfillment center and with a licensed processor has commenced sales under the Doctor & Crook Co.™ brand in Washington State. Rubicon is constructing a two phase, high-tech, licensed greenhouse in Washington State totaling 100,000 square-feet to produce high-quality, low-cost marijuana using certified organic inputs. Rubicon plans to continue building its business into California with an 80,000 square-foot, high-tech greenhouse, extraction and manufacturing facility and order fulfillment center in 2017. Rubicon expects to also launch its premium Supplied by 1964™ brand in California that year. The greenhouses are designed to be modular for expansion capability. Rubicon seeks to continue its expansion with new brand launches, product development and opportunities in other states and countries as well.
Forward Looking Statements
This press release (the “Release”) contains forward-looking information which deals with intentions, beliefs, expectations and future results as they pertain to Rubicon Holdings, Inc. (the “Company”) and the Company’s industry. This forward-looking information also includes information regarding the financial condition and business of the Company, as they exist at the date of this Update. Forward-looking information is often, but not always, identified by the use of words such as “seeks”, “believes”, “plans”, “expects”, “intends”, “estimates”, “anticipates”, “objective”, “strategy” and statements that an event of result “may”, “will”, “should”, “could”, or “might” occur or be achieved and other similar expressions. This forward-looking information includes, without limitations, information about the Company’s opportunities, strategies, competition, expected activities and expenditures as the Company pursues its business plan, the adequacy of the Company’s available cash resources and other statements about future events of results. Forward-looking information is information about the future and is inherently uncertain, and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements due to a variety of risks, uncertainties and other factors, such as business and economic risks and uncertainties. The forward-looking information is based on a number of assumptions, including assumptions regarding general market conditions, the availability of financing for proposed transactions and programs on reasonable terms, the ability of outside service providers to deliver services in a satisfactory and timely manner, prevailing exchange rates and prevailing regulatory, tax and environmental laws and regulations. The Company’s forward-looking information is based on these beliefs, expectations and opinions of management of the Company on the date the information is provided. For the reasons set forth above, investors should not place undue reliance on forward-looking information.
Source: Rubicon Holdings, Inc.
Rubicon Holdings, Inc.
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