Q3 2022 Rubicon Organics Inc Earnings Call Transcript
Good morning, ladies and gentlemen, and welcome to the Rubicon Organics' Q3 Earnings Call Conference Call. (Operator Instructions) This call is being recorded on Tuesday, November 15, 2022. I would now like to turn the conference over to Margaret Brodie, CFO and Director. Please go ahead.
Thank you, and good morning, everyone. Big Day for Rubicon. We began our thesis to cultivate the highest quality organic cannabis possible in the right-size facility to generate strong operating leverage and to focus on the premium segment with premium brands delivered against targeted consumer insights. Rubicon is now at the stage where our thesis has proven and I am proud today to announce that we have delivered in Q3, record revenue, net profit, our second successive quarter of adjusted EBITDA profitability and achieved free cash flow for the first time.
In addition, we are now tracking adjusted EBITDA profitability for the year 2022. And we expect this trend to continue, but I always must put a
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