Friday, October 24, 2025

Latest

Red White & Bloom Acquires Rights To High Times Brand Across Michigan, Illinois And Florida

This morning, new issuer Red White & Bloom Brands (CSE: RWB) announced that it has signed a definitive agreement to acquire licensing rights of the High Times brand for dispensaries and CBD and THC products in the states of Michigan, Illinois, and Florida, along with the branding of hemp products nationally across the USA.

The transaction, valued at US$15.0 million, is occurring through the issuance of shares at a price of $1.50 per share. The transaction is somewhat oddly structured, in that a new corporation was created by High Times, whom was then ascribed the rights of branding within the states of Florida, Michigan, and Illinois for both products and dispensaries. Red White & Bloom then subsequently purchased the newly incorporated firm via the issuance of shares.

Under the terms of the definitive agreement, Red White & Bloom will acquire exlusive rights to brand medical and recreational dispensaries under the High Times brand within the three states. As a result, RWB will see its 18 planned and operational dispensaries in Michigan rebranded as High Times retail stores. The retail locations will also create and sell cannabis branded under High Times product lines, with RWB also selling branded product to other dispensaries in the state.

The agreement will also see RWB secure the rights to the Culture brand of CBD and whole hemp flower products nationally, with initial plans consisting of growing and manufacturing these products from Red White & Blooms 3.6 million square foot facility in Illinois.

Red White & Bloom Brands currently has operations in the states of Michigan, Illinois and Massachusetts.


Information for this briefing was found via Sedar, Red White & Bloom Brands and Hightimes Holdings. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Military Seizes Power in Madagascar After President Flees

Related News

Red White & Bloom Passes Pre-Qualification In Michigan, Proceeds To Final Step Of Licensing Process

After months and months of waiting, it’s finally happened. Red White & Bloom (CSE: RWB)...

Thursday, May 27, 2021, 12:33:33 PM

Red White & Bloom Sees Michigan Issue Final Prequalification Approval For Company

Red White & Bloom (CSE: RWB) this morning announced that it has inched one step...

Tuesday, September 7, 2021, 09:02:21 AM

Harvest Health Sells 13 California Assets To High Times

Harvest Health (CSE: HARV) this morning announced that it is reducing its focus on the...

Tuesday, April 28, 2020, 09:00:59 AM

Red White & Bloom To Acquire Aleafia Health Assets Under CCAA Proceedings

Red White & Bloom Brands (CSE: RWB) has nearly acquired the former assets of Aleafia...

Thursday, October 12, 2023, 02:14:42 PM

Red White & Bloom: PI Initiates Coverage With $2.50 Price Target

This week, PI Financial initiated coverage on Red White & Bloom (CSE: RWB) with a...

Sunday, October 11, 2020, 01:53:00 PM