- Completed acquisition of Acreage Florida, Inc and related owned and leased real estate assets
- Licensed to operate 35 dispensaries, a processing facility and a cultivation facility in Florida
- Florida cannabis market is poised for tremendous growth and it is forecasted to be a top 5 State by the year 2025
Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF), the torchbearer for a new, higher standard in the American cannabis industry, has announced its new subsidiary RWB Florida LLC, has completed the acquisition of Acreage Florida, Inc. and the related owned and leased real estate assets (https://ibn.fm/aUG1Q). This deal includes over 15 acres of land, a 114,000 SF facility for cultivation, a 4,000 SF freestanding administrative office building, and eight leased stores in prime locations throughout Florida.
RWB is positioning itself to be one of the top three multi-state cannabis operators in the US legal cannabis and hemp market. The Company is on a mission to be the superior and most recognizable cannabis company in the US by holding itself to the highest ethical, manufacturing, education, branding and employment standards.
“Our employees are impressed with Red White & Bloom’s commitment to the local communities as they expand their ESO program around the environment, jobs, social justice and governance,” stated Jim Frasier, Florida General Manager for RWB. “We are excited to play a major role in the benefits cannabis can bring to the state of Florida.”
The Company is licensed to operate 35 dispensaries, a processing facility, and a cultivation facility in Florida. With 30 double-wide fully enclosed cultivation pods ready to deploy in the state, RWB plans to expedite the opening of additional medical marijuana dispensary locations and the implementation of home delivery (https://ibn.fm/T3R52).
“The Florida cannabis market is poised for tremendous growth and is forecasted to be a top 5 State by the year 2025,” said Brad Rogers, CEO of RWB. “With approximately 450,000 medical cannabis patients currently registered in Florida, we see this as an amazing growth opportunity for the Company. Combine this with a population of 20M and we are delighted this deal has been finalized and look forward to delivering the highest quality medical products to the market.”
The Company has currently completed or has definitive agreements for acquiring THC licensed entities in Michigan, Illinois, Florida, California, and Massachusetts. Once all acquisitions are completed, RWB will be available in 6 of the top 10 US states.
For more information, visit the company’s website at www.RedWhiteBloom.com.
NOTE TO INVESTORS: The latest news and updates relating to RWBYF are available in the company’s newsroom at https://ibn.fm/RWBYF
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