We have had excellent support from the OMMU, the local government and the community, including the Chamber of Commerce, as we develop our Apopka facility. The deal also includes the sale of property in Sanderson, Florida. RWBFL will be expanding the current team of 15 to 25 by yearend and further expanding to 50 by end of the first quarter 2022. While the Company may elect to, it does not undertake to update this information at any particular time. Further, the information in this communication is not updated after publication and may become inaccurate or outdated. Red White and Bloom Florida, Inc. 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. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS. 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. Acreage Holdings to Sell Florida Cannabis Operations to Red White If you have questions about Red White & Bloom and its proposed investments and acquisitions or need more information, visit our Investor Portal. NEW YORK, Feb. 25, 2021 (GLOBE NEWSWIRE) -- Acreage Holdings, Inc (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. (CSE: RWB) (OTCQX: RWBYF), pursuant to which the Buyer will purchase all of the issued and outstanding shares of common stock of Acreage . Readers should beware that third parties, profiled companies, and/or their affiliates may liquidate shares of the profiled companies at any time, including at or near the time you receive this communication, which has the potential to adversely affect share prices. Valuethemarkets.com and Digitonic Ltd are not a broker/dealer, we are not an investment advisor, we have no access to non-public information about publicly traded companies, and this is not a place for the giving or receiving of financial advice, advice concerning investment decisions or tax or legal advice. 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. This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Companys current expectations. Start of main content. Received OMMU approval on Oct 22nd and loaded the first two pods on Oct 27th. All Rights Reserved. RWBFL met an additional milestone on November 2, with the production of its first batch of chocolates from its new edibles kitchen in Sanderson . 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. 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. The staff, with an innovative and unique approach to the new chocolate line, has produced some of the best chocolates in the state, and has plans to quickly expand into additional edible SKUs in the very near future. Click and come over to the greenhouse! 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. The majority of Floridas medical cannabis market is supplied with mass produced flower with common strains. 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. Past performance is not an indicator of future performance. Red White & Bloom is the torchbearer leading a new frontier and setting a standard in the American cannabis industry. For additional information regarding Canopy Growth, please see Canopy Growths profile on SEDAR at www.sedar.com. Acreage selling Florida marijuana operation to Red White & Bloom for These risks, uncertainties and other factors include, among others: the success of the profiled companys operations; the size and growth of the market for the companys products and services; the companys ability to fund its capital requirements in the near term and long term; pricing pressures; changes in business strategy, practices or customer relationships; general worldwide economic and business conditions; currency exchange and interest rate fluctuations; government, statutory, regulatory or administrative initiatives affecting the companys business. NEW YORK, Feb. 25, 2021 (GLOBE NEWSWIRE) . The Director of Security is responsible for working with the internal shareholders and external customers to develop and manage security policies and procedures while implementing, administering, and revising those policies as needed. RWB is predominantly focusing its investments on the major US markets, including Michigan, Illinois, Florida, Oklahoma, Arizona, and California with respect to cannabis, and the US and internationally for hemp-based CBD products. 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. Acreages wide range of national and regionally available cannabis products include the award-winning The Botanist brand, the highly recognizable Tweed brand, the Prime medical brand in Pennsylvania, the Innocent edibles brand in Illinois and others. The deal also includes the sale of property in Sanderson, Florida. 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. RED WHITE & BLOOM FLORIDA INC. :: Florida (US) :: OpenCorporates The Publisher has no access to non-public information about publicly traded companies. This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Companys current expectations. - Partner with HR on all investigations 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. Something went wrong while submitting the form. https://www.linkedin.com/company/redwhitebloomus/jobs/, UPDATE 1-China underlines key role of coal amid energy security drive, WRAPUP 1-China sets modest growth target of about 5% as parliament opens, UPDATE 1-Nations secure U.N. global high seas biodiversity pact, UPDATE 1-Another Norfolk Southern train derails in Ohio, railroad says no toxins aboard, China to guard against risks in property market - Premier Li. Since its founding in 2011, Acreage has focused on building and scaling operations to create a seamless, consumer-focused, branded experience. Red White and Bloom. -New Greenhouse to begin yielding product by year end 2021--Acquisition adds near term cultivation capacity while company looks to bring on line its 114,0000 square foot facility in Sanderson . Past performance does not guarantee future results. The Company has assumed a certain progression, which may not be realized. Digitonic Ltd, the owner ofvaluethemarkets.com, has been paid for the production of this piece by the company or companies mentioned above. The recently released 2021MJBizFactbookprojects Florida medical marijuana sales will approach $1.3 billion in 2021 and nearly $2 billion annually by 2025. Received OMMU approval on Oct 22. An additional $20,000,000 in cash, $7,000,000 in the Buyers common stock, and $28,000,000 in promissory notes upon closing the transaction. When used in this press release, the words estimate, project, belief, anticipate, intend, expect, plan, predict, may or should and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. "The Apopka acquisition cements the fact that we are committed to expansion in Florida, which is in line with the overall companys growth strategy across the country.". Red White & Bloom (RWB) is the torchbearer leading a new frontier and setting a standard in . Job Title. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS. The other half is for mothers, clones and vegetative operations for the Companys proprietary genetic strains. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. It is anticipated, as per the Companys previous press releases, that subject to regulatory approval, this transaction will close in Q2 2021. You should take independent financial advice from a regulated FCA advisor in connection with, or independently research and verify any information that you find on this site, and wish to rely on whether for the purpose of making an investment decision or otherwise. Red White & Bloom. Investors are cautioned against attributing undue certainty to forward-looking statements. 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. Red White & Bloom is the torchbearer leading a new frontier and setting a standard in the American cannabis industry. Adult-use markets are opening up across the United States and RWB is positioned to be a first mover in what remains an industry in its infancy. RWBs brands include iconic names such as High Times and the successful Michigan and California Platinum line. Phase 3 On Schedule - Additional cultivation capacity in Sanderson. 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. Past performance is not an indicator of future performance. - Lead a working group to ensure the current policies and procedures are properly implemented, integrated, effective, and relevant to ensure the safety of agents and assets Red White & Bloom Florida Subsidiary Closes Acquisition of 45,000 All. 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 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. 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. 1 Based on $45 per 1/8 ounce estimated sale price per: https://fldispensaries.com/florida/dispensary/prices/. There is no assurance that these transactions will yield results in line with management expectations. 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. Red White & Bloom Purchases Cultivation Pods for Florida; Immediately Shipping to Ready for Upcoming Deal Closing, https://fldispensaries.com/florida/dispensary/prices/, https://www.valuethemarkets.com/terms-conditions/, https://www.valuethemarkets.com/disclaimer/. The NCV Newswire is hand-curated by an editor and not automated in anyway. The deal reflects a further retrenchment by New York-based Acreage as it refocuses on a few core markets. Red White & Bloom Purchases Cultivation Pods for Florida; Immediately
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