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. BDSA1 reports that, Floridas medical cannabis market is expected to reach $1.5 billion in sales in 2021, growing 53% over 2020. Adding, With both recreational and medical cannabis expected to be legal in Florida by 2023, BDSA forecasts it will grow to $2.6 billion by 2026. The production facility was built within a 4,800 square foot standalone structure at RWB Floridas Sanderson location. We are confident this new facility, coupled with our expert staff of edible specialists, can produce a market-leading offering., According to BDSA the market for ingestible products has increased from $5.3M a month to over $13M a month in the first six months of 2021 stated Brad Rogers, CEO of RWB. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. 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. To see all exchange delays and terms of use, please see disclaimer. Click and come over to the greenhouse! This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Companys current expectations. The company will brand its Florida medical dispensaries beginning in Q4 and is developing a consistent retail footprint and product line to align with the medical market in Florida. Phase 2 started with the commissioning and OMMU approval of five pods that subsequently have been loaded and are growing plants. 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. - Investigate and review onsite accidents and incidents and coordinate a response with other departments needed In addition, Canopy Growth holds an option, exercisable at the discretion of Canopy Growth, to acquire all of the issued and outstanding Class D subordinate voting shares (the Floating Shares) at the time that Canopy Growth acquires the Fixed Shares, for cash or Canopy Growth shares, as Canopy Growth may determine, at a price per Floating Share based upon the 30-day volume-weighted average trading price of the Floating Shares on the CSE relative to the trading price of the Canopy Growth shares at the time of the occurrence or waiver of the Triggering Event, subject to a minimum price of US$6.41 per Floating Share. Investors are cautioned against attributing undue certainty to forward-looking statements. The locations of the three dispensaries are St. Petersburg, Daytona, and Miami Beach., Rogers added, This team is a working like a well-oiled machine and is simultaneously laying the groundwork for future expansion in Sanderson and other strategic locations that RWBFL is pursuing across the state.. 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. Red White and Bloom Jobs Job Openings - powered by myStaffingPro Applicant Tracking System : Career Search : Notify Me About Future Openings. By reading this communication, you acknowledge that you have read and understand this disclaimer in full, and agree and accept that the Publisher provides no warranty in respect of the communication or the profiled company and accepts no liability whatsoever. 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. Growing commenced Sept. 30, 2021 with projected annual revenue in excess of USD $10 million. ft. of indoor cultivation space that will produce high quality flower. This acquisition comes directly on the. While the Company may elect to, it does not undertake to update this information at any particular time. Red White and Bloom Employee Reviews in Sanderson, FL Review this company. 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. Red White & Bloom. We are very confident in our management team in Florida and more than pleased to see this expansion launch in Q4 this year". 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. This communication is based on information generally available to the public and on an interview conducted with the companys CEO, and does not contain any material, non public information. Mid-American CBD nside our 3.2M sq. 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. Investors are cautioned against attributing undue certainty to forward-looking statements. 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. For more information about Red White & Bloom Brands Inc., please contact: Brad Rogers, CEO and Chairman604-687-2038, 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. valuethemarkets.comand Digitonic Ltd and our affiliates are not responsible for the content or accuracy of this article. Acreage Announces Sale of Florida Operations To Red White & Bloom Brands. The information provided is general and impersonal, and is not tailored to any particular individuals financial situation or investment objective(s) and this communication is not, and should not be construed to be, personalized investment advice directed to or appropriate for any particular investor or a personal recommendation to deal or invest in any particular company or product. 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. The Company has assumed a certain progression, which may not be realized. Phase 3 On Schedule - Additional cultivation capacity in Sanderson. This communication contains forward-looking statements, including statements regarding expected continual growth of the featured companies and/or industry. Each unit is specifically designed and outfitted for premium cannabis cultivation. 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. RWBs brands include iconic names such as High Times and the successful Michigan and California Platinum line. Acreage also owns Universal Hemp, LLC, a hemp subsidiary dedicated to the distribution, marketing and sale of CBD products throughout the U.S. Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. The Company and RWB Florida LLC completed a Real Estate Purchase and Sale Agreement for a purchase price of US $1,875,000 payable as to: (a) US $750,000 cash paid on closing; (b) US $125,000 in the form of promissory note of RWB Florida LLC payable in 5 monthly instalments commencing 30 days after Closing; and (c) US $1,000,000 worth of RWB Common Shares at a price of $1.22, being 1,010,656 shares. 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. RWBFL is fast tracking the remaining 25 pods and expects to have them operational no later than December 1st. The addition of the Apopka cultivation center will not only facilitate the product selection plan RWB has for its branded dispensaries but is also projected to add an additional 40-50 employment opportunities for the local community when fully operational. 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. The deal also includes the sale of property in Sanderson, Florida. 1 Based on $45 per 1/8 ounce estimated sale price per: https://fldispensaries.com/florida/dispensary/prices/. Prospective employees can view job openings on LinkedIn https://www.linkedin.com/company/redwhitebloomus/jobs/ and submit their resume and cover letters via info@redwhitebloom.com. - Review and approve incident reports and other reports written by security agents prior to submitting to the executive management team?follow up with security agent if needed 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. 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. Phase 2 started with the commissioning and OMMU approval of five pods that subsequently have been loaded and are growing plants. 30 grow pods add 19,200 sf of space that will generate $30 million in revenue annually. Last summer, Acreage announced a focused core-market operating strategy in nine states in the Northeast, Mid-Atlantic and Midwest.

Harry Adopted By Delacour Fanfiction, Games Like Vertex, Snohomish County Lgbtq Resources, Articles R