Red White & Bloom, one of the top multi-state cannabis and hemp operators in the U.S., announced Thursday it's acquiring Acreage Florida, Inc. ACRHF (U.S.: OTC), which is licensed to operate . The deal also includes the sale of property in Sanderson, Florida. Building out the remaining space in Apopka so RWBFL maximizes both facilities to generate profitable revenue. This website is a news website only. RWB is predominantly focusing its investments on the major US markets, including Florida, Illinois, California, Michigan, Oklahoma and Arizona with respect to cannabis, and the US and internationally for hemp-based CBD products. Such statements and information reflect the current view of the Company with respect to risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information. Patricia Miller does not hold any position in the stock(s) and/or financial instrument(s) mentioned in the above article. The addition was built to accommodate the fast-growing demand for edibles in the market1. Multistate marijuana operator Acreage Holdings said it has a definitive agreement to sell its medical cannabis operation in Florida to Red White & Bloom Brands for $60 million in cash and stock. If you do not agree to the Terms of Use, please contactvaluethemarkets.comto discontinue receiving future communications. The majority of Floridas medical cannabis market is supplied with mass produced flower with common strains. Coupled with our cultivation and processing in Sanderson, the additional product will ensure Red White & Bloom has the needed inventory to fulfill inventory requirements at our HT Medical Cannabis dispensary in Springhill and for the next three dispensaries opening in the first quarter of 2022. The NCV Newswire is hand-curated by an editor and not automated in anyway. RWB looks to satiate the States demand for a more premium product utilizing a craft-grown discipline for cannabis flower and leveraging both the Platinum Vape and exclusively licensed High Times brands. 30 grow pods add 19,200 sf of space that will generate $30 million in revenue annually. Company reviews. Have a confidential news tip? READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. - Maintain lists of agents authorized to access designated areas of the facilities, including cash and product storage vaults, surveillance and network equipment room, and other highly sensitive areas of the facilities Pursuant to the Amended Arrangement, upon the occurrence (or waiver by Canopy Growth) of changes in federal laws in the United States to permit the general cultivation, distribution and possession of marijuana (as defined in the relevant legislation) or to remove the regulation of such activities from the federal laws of the United States (the Triggering Event), Canopy Growth will, subject to the satisfaction or waiver of certain closing conditions, acquire all of the issued and outstanding Class E subordinate voting shares (the Fixed Shares) on the basis of 0.3048 of a Canopy Growth share per Fixed Share (following the automatic conversion of the Class F multiple voting shares and subject to adjustment in accordance with the terms of the arrangement agreement entered into between Acreage and Canopy Growth on April 18, 2019, as amended on May 15, 2019 and on September 23, 2020). This position oversees a team of security associates and 3rd party security contractors and maintains security equipment to ensure total compliance with internal SOPs and state regulations. RWBFL is fast tracking the remaining 25 pods and expects to have them operational no later than December 1st. The Company has assumed a certain progression, which may not be realized. The Company is positioning itself to be one of the top three multi-state cannabis operators active in the U.S. legal cannabis and hemp sector. NEW YORK, Feb. 25, 2021 (GLOBE NEWSWIRE) Acreage Holdings, Inc. (Acreage or the Company) (CSE: ACRG.A.U, ACRG.B.U) (OTCQX: ACRDF, ACRHF) today announced its subsidiary, High Street Capital Partners, LLC, has entered into a definitive agreement with Red White and Bloom Brands, Inc. (the Buyer) (CSE: RWB) (OTCQX: RWBYF), pursuant to which the Buyer will purchase all of the issued and outstanding shares of common stock of Acreage Florida, Inc. (Acreage Florida) for an aggregate purchase price of $60,000,000. Text REDWHITEBLOOM to 866-866-5545; Home; Company Profile; Contact Us; View Our Stars; Call Us : (727) 474-3977. ft greenhouse and has implemented a proven growing process in Apopka, where half of the greenhouse is used for auto flower production for biomass to support RWBFLs future extraction operation. For more information about Red White & Bloom Brands Inc., please contact: Tyler Troup, Managing DirectorCircadian Group IRIR@RedWhiteBloom.com, Visit us on the web:www.RedWhiteBloom.com, Follow us on social media:Twitter: @rwbbrandsFacebook: @redwhitebloombrandsInstagram: @redwhitebloombrands. While the Company may elect to, it does not undertake to update this information at any particular time. Nevertheless, the Publisher does not guarantee the accuracy or completeness of the information. You further agree that you are solely responsible for any financial outcome related to or arising from your investment decisions. Illinois Adult-Use Cannabis Sales Slow to Begin 2023. Patricia Miller has not been paid to produce this piece by the company or companies mentioned above. "Our mission is to be the most superior and recognizable cannabis company in the United States." Brad Rogers CEO and Chairman, RWB Our Brands Last summer, Acreage announced a focused core-market operating strategy in nine states in the Northeast, Mid-Atlantic and Midwest. The Publisher has no access to non-public information about publicly traded companies. THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. Something went wrong while submitting the form. RWB has developed a branded capsule and rosin line along with a proprietary line of chocolates that will be available to medical patients in Q4 of 2021. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. Such factors include, among others, the following risks: risks associated with the implementation of the Companys business plan and matters relating thereto, risks associated with the cannabis industry, competition, regulatory change, the need for additional financing, reliance on key personnel, market size, and the volatility of the Companys common share price and volume. Each unit is specifically designed and outfitted for premium cannabis cultivation. We are not regulated by the Financial Conduct Authority. Hiring within our communities is a top priority for us and we are dedicated to ongoing training in every field of expertise and across each of our lines of business. All Rights Reserved. Acreage Announces Sale of Florida Operations To Red White & Bloom Brands. More information is available at www.acreageholdings.com. The Company is positioning itself to be one of the top three multi-state cannabis operators active in the U.S. legal cannabis and hemp sector. All Rights Reserved. Together we will be building a successful operation that benefits this community and our employees families, improves quality of life for medical cannabis patients and enhances shareholder value., Floridas medical marijuana industry is the third largest in the US, and generated nearly $1.23 billion in taxable sales in 2020, according to Arcview Market Research, which projects the industry could generate $6 billion in Florida sales by 2030. Phase 1- Complete - Build-out of Apopka Greenhouse. TORONTO, April 06, 2021 (GLOBE NEWSWIRE) -- Red White & Bloom Brands Inc. (CSE: RWB) (OTC: RWBYF) ("RWB" or the "Company"), announced today plans to increase cultivation capacity upon closing of the previously announced definitive agreement to enter the Florida cannabis market. The plan is ahead of schedule with this weeks delivery of 30 modular grow pods to Red White & Bloom Florida LLC (RWBFL), a Red White & Bloom Brands subsidiary, at its Apopka, Florida cultivation location. Red White & Bloom Florida is assembling an outstanding team that continues to rise to every challenge and meet every objective as we strive toward our core focus of aggressively developing our locations and producing high quality products and profitable operations, stated Frazier. Copyright 2020 - 2022 Value The Markets, The content of this site is intended to be used, and must only be used for information purposes only. TORONTO and APOPKA, Fla., Nov. 04, 2021 (GLOBE NEWSWIRE) -- Red White & Bloom Brands Inc. (CSE: RWB and OTCQX: RWBYF) (RWB or the Company), a multi-state cannabis operator and house of premium brands, has officially entered Phase 2 of its Florida expansion plan. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. Such factors include, among others, the following risks: risks associated with the implementation of the Companys business plan and matters relating thereto, risks associated with the cannabis industry, competition, regulatory change, the need for additional financing, reliance on key personnel, the potential for conflicts of interest among certain officers or directors, and the volatility of the Companys common share price and volume. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. Our Red White & Bloom Florida team has been on time, on target and under budget with the execution of every step of our aggressive three-phase development strategy for our two cultivation centers in Florida, stated Brad Rogers, CEO of Red White & Bloom. The other half is for mothers, clones and vegetative operations for the Companys proprietary genetic strains. The Company will be taking delivery of the units in Florida for deployment at the Sanderson . Red White & Bloom (RWB) is the torchbearer leading a new frontier and setting a standard in . THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. 30 turn-key grow pods will allow for over 14,000 feet of immediate canopy for cultivation of premium cannabis, Existing indoor facility to provide infrastructure for modular pods deployment to support store openings, Projected yield to exceed 7000 pounds of flower per year with a retail value in excess of US$40 million annually1, Company anticipates closing of Florida acquisition this quarter. This communication is not, and should not be construed to be, an offer to sell or a solicitation of an offer to buy any security. Past performance is not an indicator of future performance. Such factors include, among others, risks related to the Companys proposed business, such as failure of the business strategy and government regulation; risks related to the Companys operations, such as additional financing requirements and access to capital, reliance on key and qualified personnel, insurance, competition, intellectual property and reliable supply chains; risks related to the Company and its business generally; risks related to regulatory approvals. While the Company may elect to, it does not undertake to update this information at any particular time. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. - Oversee the development, revision, and implementation of the emergency response & business continuity plans for all company locations including development of plan, program documents, exercises, and training. Together we will be building a successful operation that benefits this community and our employees families, improves quality of life for medical cannabis patients and enhances shareholder value., Floridas medical marijuana industry is the third largest in the US, and generated nearly $1.23 billion in taxable sales in 2020, according to Arcview Market Research, which projects the industry could generate $6 billion in Florida sales by 2030. This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Companys current expectations. https://www.linkedin.com/company/redwhitebloomus/jobs/. From corporate responsibilities to social responsibilities we are built to enable and provide both social and economic impact within our communities. The Company is positioning itself to be one of the top three multi-state cannabis operators active in the U.S. legal cannabis and hemp sector. To see all exchange delays and terms of use, please see disclaimer. Red White & Blooms portfolio of exceptional brands continues to develop and expand. The deal also includes the sale of property in Sanderson, Florida. It has also assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. There are a number of important factors that could cause the Companys actual results to differ materially from those indicated or implied by forward-looking statements and information. This acquisition comes directly on the heels of the Sanderson Florida purchase and provides immediate benefits for significant cultivation expansion for delivery to RWBFL stores in Florida. "With such high patient demand in Florida," said Brad Rogers, CEO of Red White & Bloom, "the Apopka facility will deliver the cultivation needed to meet our significant retail expansion goals throughout the state. It will also allow us to serve patients with the quality and consistency they deserve. Red White & Bloom. Forward-looking statements are made based on managements beliefs, estimates and opinions on the date that statements are made, and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. RWB has secured 30 double wide fully enclosed cultivation pods that collectively provide approximately 19,000 square feet of operating space, with 14,400 square feet of canopy. Your submission has been received! The Company has assumed a certain progression, which may not be realized. Self-contained, technically advanced cultivation pods provide a unique opportunity for RWB to produce ultra-premium product for the Florida marketplace that is significantly differentiated to what is commonplace in the market today. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. To facilitate the aggressive growth and projected harvest schedule at the Apopka facility, RWBFL has recently hired numerous highly talented cultivation specialists and is developing a large, diverse workforce. This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Companys current expectations. Location. The Company has assumed a certain progression, which may not be realized. - Conduct monthly security audits and ensure all cameras, access control and alarm. Investing in securities, particularly microcap securities, is speculative and carries a high degree of risk. This communication contains forward-looking statements, including statements regarding expected continual growth of the featured companies and/or industry. With the delivery of the grow pods and anticipated launch date of December 1st, we are ahead of schedule and on our way to adding $30 million in revenue annually from the pods. Such factors include, among others, risks related to the Companys proposed business, such as failure of the business strategy and government regulation; risks related to the Companys operations, such as additional financing requirements and access to capital, reliance on key and qualified personnel, insurance, competition, intellectual property and reliable supply chains; risks related to the Company and its business generally. The other half is for mothers, clones and vegetative operations for the Companys proprietary genetic strains. The sale of our Florida operations is a significant step in our previously announced operating strategy to focus on those core markets that we believe will accelerate our path to profitability and position us for significant long-term growth and cash generation. When relying on the Companys forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events.
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