Rubicon Organics Receives Municipal Permit for the Cultivation & Manufacturing of Cannabis in Greenfield, California

BELLINGHAM, Wash.–(BUSINESS WIRE)–Rubicon Organics (“Rubicon” or the “Company”) is pleased to announce
that its application to the City of Greenfield for a municipal
cultivation and manufacturing permit has been approved. The Company
plans to develop a high-tech greenhouse facility of approximately 80,000
square feet. This facility, in addition to the Company’s Washington
State facility, will ensure consistent production of low-cost,
connoisseur-grade, organic cannabis. Advanced climate-controlled Dutch
greenhouses use 90% less energy by using direct sunlight, and, when
coupled with Rubicon’s proprietary organic growing system, they will
produce 25% to 30% higher yields at a significantly lower cost when
compared to conventional, warehouse-style production systems.

“Our core beliefs rest on the notion that the opportunity is now to
invest in and develop an energy-efficient, sustainable infrastructure
that will create the foundation for ethically produced, high-quality,
organic cannabis products for decades to come. With a secure licensed
supply chain we can continue to develop, acquire and partner with
industry-leading brands and organizations.”
-Jesse McConnell, CEO
Rubicon Organics

About Rubicon

Rubicon Holdings, Inc. (“Rubicon Organics” or “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, through working with a
licensed processor, has commenced sales under the Doctor & Crook Co.TM 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 to build its business into California with an
80,000-square-foot, high-tech greenhouse, extraction and manufacturing
facility and order fulfillment center in 2017. Rubicon also expects to
launch its premium Supplied by 1964TM brand in California
this summer. 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

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 Organics. 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 or
result “may,” “will,” “should,” “could,” or “might” occur or be achieved
and other similar expressions. This forward-looking information
includes, without limitation, 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 or results. Forward-looking information is information about the
future and is inherently uncertain, and the 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.


Rubicon Organics
Jesse McConnell, 360-306-5924