Red White & Bloom Brands Inc. - RWBYF STOCK NEWS

Red White & Bloom Brands Inc. (CSE: RWB, OTCQX: RWBYF) announced a delay in filing its annual financial statements for FY ended December 31, 2020, due by April 30, 2021, due to complexities in auditing post-acquisition integrations and COVID-19 impacts. The anticipated filing date is now on or before May 31, 2021. The British Columbia Securities Commission has issued a management cease trade order, preventing the company's CEO and CFO from trading shares, although general trading can continue. RWB remains focused on becoming a leading multi-state cannabis operator in the U.S.

Red White & Bloom Brands Inc. has successfully acquired Acreage Florida, Inc. and related real estate assets for a total of $60 million. The acquisition includes a cash component of $16.5 million, $7 million in stock, and $28 million in promissory notes. RWB Florida is now licensed for medical marijuana operations in Florida, which has 450,000 registered medical cannabis patients and a projected market growth. Jim Frasier has been appointed as Florida General Manager, emphasizing community commitment and ESG initiatives.

Red White & Bloom Brands Inc. (CSE: RWB, OTC: RWBYF) announced that CEO Brad Rogers will appear on FOX 5 New York on April 16, 2021, for the segment titled NY Street Soldiers – The Business of Legal Marijuana. This segment will also re-air on April 18, 2021, and will be available on various platforms, including YouTube and Spotify. The Company aims to be among the top three multi-state cannabis operators in the U.S., focusing on major markets like Florida, Illinois, and California for cannabis and internationally for hemp-based CBD products.

Red White & Bloom Brands Inc. (CSE: RWB, OTC: RWBYF) has received approval from the Florida Department of Health for its acquisition of Acreage Florida, enhancing its position in a lucrative market valued at over US$1.2 billion in cannabis revenue for 2020. Florida has a limited license structure with 22 licensed operators, which presents growth opportunities. The Company aims to be a top player in the U.S. cannabis industry and is focusing on key markets, including Florida, Illinois, California, Michigan, Oklahoma, and Arizona.

Red White & Bloom Brands Inc. (CSE: RWB, OTC: RWBYF) plans to boost its cannabis cultivation capacity by acquiring 30 fully enclosed grow pods in Florida, providing 14,400 square feet of canopy. The facility is expected to yield over 7,000 pounds of premium cannabis annually, with a retail value exceeding US$40 million. This expansion supports the company's strategy to enter the Florida cannabis market and is projected to close in Q2 2021. RWB aims to differentiate its products from mass-produced cannabis by focusing on premium offerings.

Red White & Bloom Brands Inc. (CSE: RWB, OTC: RWBYF) reports strong demand for Platinum products, achieving record sales of approximately $6.5 million in Michigan in February alone, capturing nearly 28% of the market share. The launch of High Times-branded products is also progressing, with over 50 dispensaries in Michigan participating. The company's acquisition strategy is advancing in Michigan, Illinois, and Florida, with these states representing significant cannabis revenue potential. Additionally, it has launched CBD hemp cigarettes in Florida as part of an extensive rollout.

Red White & Bloom Brands Inc. has announced a strategic partnership between its subsidiary, Platinum Vape, and Budee, a delivery platform owned by Stem Holdings. This collaboration will make Platinum's cannabis products available for home delivery to 92% of California's population, responding to increased demand for cannabis delivery services. Budee boasts over 350 drivers and four distribution hubs throughout California, ensuring rapid delivery, typically within 90 minutes. This partnership aims to enhance brand recognition and accessibility of Platinum products in California's cannabis market.

Red White & Bloom Brands announced its acquisition of Acreage Florida, expanding its presence in the cannabis market. The deal includes an aggregate purchase price of US $60 million, featuring cash, stock, and promissory notes. This strategic acquisition grants RWB access to cultivation and processing facilities in Florida, a significant state for cannabis revenue, with over US $1.2 billion generated in 2020. Following the deal's closure, RWB will operate in six of the top ten US states for cannabis sales, aiming to leverage its established brands to enhance market share.

Red White & Bloom Brands Inc. (RWBYF) announces that its subsidiary, Platinum Vape, received regulatory approval to expand its operations into Arizona, joining its existing presence in California, Michigan, and Oklahoma. This expansion places Platinum in five of the top ten U.S. states by cannabis revenue. In 2020, cannabis sales exceeded $7.6 billion. The initial launch will feature a selection of popular vape products in 16 Arizona dispensaries. Platinum Vape continues to gain recognition for its product range, recently winning awards for its gummies and chocolates.