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Red White & Bloom Brands Inc C.RWB

Red White & Bloom Brands Inc. is a Canada-based multi-jurisdictional cannabis operator and house of premium brands operating in the United States, Canada and select international jurisdictions. The Company is predominantly focusing its investments on major United States markets, including Arizona, California, Florida, Missouri, Michigan, and Ohio. The Company's segments include Distribution, Licensing, Retail, Corporate and Other. The Distribution segment cultivates, manufactures, processes and/or distributes Company branded cannabis and non-cannabis products directly to licensed retailers. The Licensing segment owns intellectual property associated with its Platinum Vape and Platinum trademarks and brands, that are engaged in the sale of non-THC branded products which are incorporated in licensed Company cannabis product offerings. The Retail segment sells both Company and third party branded and non-branded cannabis products and accessories to the adult-use and medical use markets.


CSE:RWB - Post by User

Post by moneynorthboundon Jan 13, 2021 1:08pm
95 Views
Post# 32285788

RED WHITE & BLOOM WHAT'S NEXT? MANAGEMENT CLEARLY STATES

RED WHITE & BLOOM WHAT'S NEXT? MANAGEMENT CLEARLY STATES

Red, White & Bloom has developed a strategic plan for the Illinois market after the acquisition of the Illinois THC Cultivation Center License and associated assets.

Strategic Plan:

After closing of the transactions, and upon approval by the Illinois Department of Agriculture (IDOA), RWB intends to migrate the cultivation licenses to its wholly-owned subsidiary’s (Mid-American Growers Inc.) state-of-the-art 3.6 million square foot cultivation facility in Granville, Illinois. Within the parameters of the cultivation center license, RWB would be permitted to expand the plant canopy to 220,000 ft2, which would translate to roughly 450,000 ft2 of total cannabis operations when including the non-canopy areas as well as processing and manufacturing.

In tandem with cultivation planning, RWB would also have the ability to launch both the Company’s Platinum Vape brand as well as the Company’s exclusively licensed High Times brand throughout the State as the cultivation center license allows for processing of extracts as well as manufacturing of infused goods.

Image may contain: plant and outdoor, text that says 'RedWhite &Bloom www.redwhitebloom.com'
 
 
 
 

Despite 2020’s major challenges, cannabis businesses in Illinois are expected to post sales totaling more than $1 billion for the year and 2020 was only the first year of operation for the state’s legal recreational cannabis program!

Illinois cannabis future is even brighter for 2021 due to the fact that more municipalities are expected to approve marijuana stores, 30 retailers are slated to open, and the state has given 75 applicants for new adult-use license a do-over!

Image may contain: text that says 'RWB CANNABIS NEWS Illinois On Pace To Surpass $1 Billion in Cannabis Sales For 2020'
 
 
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