Q2 2023 Rubicon Organics Inc Earnings Call Transcript
Good morning, everyone. Welcome to Rubicon Organics Second Quarter June 30, 2023, Financial Results Conference Call. As a reminder, this conference call is being recorded on August 17, 2023. (Operator Instructions)
Before we begin, I will refer you to Slide 2 of our presentation, which contains Rubicon's caution regarding forward-looking statements and non-GAAP measures. Today's presenters will be Margaret Brodie, Interim CEO and CFO; and Janis Risbin, Vice President of Finance.
Thank you, operator, and good morning, everyone. Today, I'll provide an update on Rubicon Organics' performance in Q2 2023, highlighting our progress as a leader in the Canadian cannabis market. In Q2 '23, we achieved record net revenue of $11.3 million for the 3 months ended June 30, '23, a 28% increase from Q2 '22 and $20.1 million for the 6 months then ended, a 44% increase compared to Q2 '22. We delivered adjusted EBITDA of $1.8 million and $1.9 million for the 3 and 6 months ended June 30, '23,
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