Red White & Bloom Brands (CSE: RWB) (OTC: RWBYF) has announced that, through its subsidiary RWB Florida LLC, the company has closed on the acquisition of all of the issued and outstanding shares of Acreage Florida Inc. from High Street Capital Partners LLC, a subsidiary of Acreage Holdings Inc. (CSE: ACRG.A.U, ACRG.B.U) (OTCQX: ACRDF, ACRHF). Also included in the acquisition was specific owned and leased real estate assets used in Acreage Florida’s operations as well as the sale of 15 acres of property and a 4,000-square-foot office building located in Sanderson, Florida. RWB Florida is Red White & Bloom Brands new subsidiary and is licensed to operate medical marijuana dispensaries, a processing facility and a cultivation facility in the state of Florida. The announcement also noted that, RWB Florida has leased eight stores located throughout the state. “The Florida cannabis market is poised for tremendous growth and is forecasted to be a top 5 state by the year 2025,” said Red White & Bloom CEO Brad Rogers in the press release. “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.”
To view the full press release, visit https://cnw.fm/m4QF6
About Red White & Bloom Brands Inc.
Red White & Bloom Brands is positioning itself to be one of the top-three, multistate cannabis operators active in the U.S. legal cannabis and hemp sector. RWB is predominantly focusing its investments on major U.S. markets, including Florida, Illinois, California, Michigan, Oklahoma and Arizona with respect to cannabis, as well as the United States and internationally for hemp-based CBD products. For more information about the company, please visit www.RedWhiteBloom.com.
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