Latest news with #HopeBC
CBC
04-07-2025
- CBC
Stranded man with outstanding warrants plucked off cliff amid B.C. wildfire lands in jail
Social Sharing A man stranded on the side of a cliff amid a wildfire near Hope, B.C., was rescued by helicopter and then taken into custody on multiple outstanding warrants, according to RCMP. Mounties say their officers arrived to help other first responders on Thursday as the fire burned in steep terrain on the side of a mountain, when they heard a man yelling for help. Once the fire was contained in the area, police say search and rescue crews found a 27-year-old man stranded on the face of a cliff. The man was taken out by a helicopter long line and wasn't hurt, but it turns out there were several warrants out for his arrest, and he was taken into custody. WATCH | New out-of-control wildfire breaks out near Hope: New out of control wildfire breaks out near Hope 1 day ago Duration 2:09 A new wildfire has sparked up near Hope. B.C. Wildfire says it was discovered last night. The B.C. Wildfire Service said in an update on Friday that the fire was discovered Wednesday near the popular Serpent's Back hiking trail and is now classified as being held. Brad Fandrich with Valley Helicopters, a charter helicopter operator, says the wildfire service called for help, and he dumped about 100 buckets on the fire on Thursday alone. Fandrich says the steep cliffs made it difficult for crews to get close to the blaze, so the fight had to be done by helicopter. The District of Hope says the B.C. Wildfire Service is supporting its local fire department with air suppression and a 10-person ground crew. WATCH | Wildfires near Lytton, B.C., prompt evacuation orders, state of local emergency: Wildfires near Lytton, B.C., prompt evacuation orders, state of local emergency 2 days ago Duration 2:10 The B.C. Wildfire Service says the Nikaia fire, one of two blazes burning near Lytton in the Fraser Canyon, is now being held at 5.7 hectares and is unlikely to grow further. A second fire north of Lytton is spread across 100 hectares and is out of control. There are about 80 active fires in BC, mostly in the northeast. CBC's Shaurya Kshatri reports. A wildfire near Lytton remains the only wildfire of note burning in the province. The Izman Creek fire has grown to 155 hectares in size and is listed as out of control, although an evacuation order issued by the Neskonlith Indian Band for about 40 properties has been downgraded to an alert. The Thompson-Nicola Regional District says some properties under its jurisdiction near the fire remain on evacuation alert, just over four years after much of the town of Lytton was destroyed by a wildfire. Mounties said this week that the fire was triggered after a wheel fell off an RCMP trailer, which sparked grasses in a ditch. The regional district also says that an evacuation alert that had been in place for homes threatened by the Mount Scatchard Wildfire, west of Chase, B.C., has been lifted as of Friday.
Yahoo
29-05-2025
- Business
- Yahoo
Rubicon Organics Inc (ROMJF) Q1 2025 Earnings Call Highlights: Strong Revenue Growth and ...
Net Revenue: $12.4 million, a 39% increase year over year. Adjusted EBITDA: $700,000, marking a $1.1 million improvement compared to the same period in 2024. Gross Profit: $3.8 million, a 72% improvement from Q1 of 2024. Gross Margin: Improved to 31%, up from 25% in the same quarter last year. Cash Position: Ended the quarter with $7.8 million in cash. Working Capital: $20.6 million. Credit Facilities: $10 million secured at an interest rate of 6.75%. Facility Acquisition: Agreement to acquire a new facility in Hope BC, expanding production capacity by over 40% to 15,500 kgs. Resin Vape Line: Expanded to 8 SKUs, capturing nearly 15% of the segment. Revenue Growth Drivers: Strong performance across Canada's four largest provinces and product innovation in the 1964 brand. Warning! GuruFocus has detected 1 Warning Sign with ROMJF. Release Date: May 28, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Rubicon Organics Inc (ROMJF) reported a 39% increase in net revenue year-over-year, reaching $12.4 million in Q1 2025. The company achieved a positive adjusted EBITDA of $700,000, marking a $1.1 million improvement compared to the same period in 2024. Rubicon Organics Inc (ROMJF) received GACP certification for its Delta Facility, enabling its first international shipment to Poland. The acquisition of a new facility in Hope, BC, is expected to expand annual production capacity by over 40% to 15,500 kgs. The company's resin vape line captured nearly 15% of the segment, showing strong market acceptance and growth potential. The company experienced some share loss in the topical category due to competitors entering with lower-priced SKUs. Rubicon Organics Inc (ROMJF) anticipates significant startup operational expenses for the Hope Facility in 2025, with revenue not expected until 2026. There is a noted volatility in the capital markets, which could impact future financial strategies and growth plans. The company faces challenges in maintaining premium pricing amidst competition from lower-cost legacy markets. Gross margins showed fluctuations, with a slight decrease from Q4 2024, highlighting potential cost management challenges. Q: Can you provide more details on the 2,000 kilograms of contract-grown biomass expected this year? Is this incremental compared to last year? A: Yes, the 2,000 kilograms is entirely incremental. We did have some contract growth last year, but this is additional to that. (Margaret Brodie, CEO) Q: Once the Hope facility is operational, will you continue with contract grows, or will Hope replace them? A: We plan to continue with contract grows. We have long-term contracts with annual pricing discussions, and being a reliable partner is valuable in this market. (Margaret Brodie, CEO) Q: When do you anticipate receiving the license to start planting at the Hope facility? A: We expect to receive the license by the end of the summer, possibly by mid-July. We aim to have at least one harvest this year. (Margaret Brodie, CEO) Q: How should we think about gross margins on an annual basis, given quarterly fluctuations? A: Our production costs remain relatively flat annually. We aim for a gross margin around 35%, supported by pre-roll automation benefits. (Margaret Brodie, CEO) Q: Can you comment on the state of the premium cannabis segment and any impact of deflation on revenue growth? A: The premium segment remains stable, with some price increases since Q4 '24. We haven't experienced deflation impacting our revenue growth, as our genetics and brand strength continue to drive consumer demand. (Margaret Brodie, CEO) Q: What is your strategy for selling the new capacity from the Hope facility? A: We have strong unmet demand for larger format products and consistent high-quality products for international markets. We are confident in selling all of the new capacity. (Margaret Brodie, CEO) Q: Are you planning to expand beyond live resin vapes in your product offerings? A: Currently, we are focused on FSC resin and all-in-one vapes. We are not pursuing distillate products at this stage, as we see it as a race to the bottom on price. (Margaret Brodie, CEO) Q: What are the supply-demand dynamics in international markets, particularly for premium products? A: There is a short-term parity in mainstream supply, but premium supply remains limited. We expect demand to outpace supply as new markets develop. (Margaret Brodie, CEO) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
