Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF) has received approval from the Florida Department of Health, Office of Medical Marijuana Use for the company’s previously announced plans to acquire Acreage Florida. In the announcement, the company noted that Florida, a limited-license state with 22 licensed operators, has been reported as one of the most robust medical marijuana markets in the country; cannabis revenue for the state topped $1.2 billion in 2020. With this key approval in place, RWBYF now anticipates focusing on closing the transaction. The company will work to meet the customary closing conditions that are associated with such transactions, including regulatory approvals and approval from the CSE.
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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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