Red White & Bloom (CSE: RWB) this morning continued the development of its operations in Michigan. The company has entered into a new lease arrangement that has seen a new manufacturing, processing, and distribution center established in Warren, Michigan.
The new facility, at 15,000 square feet in size, has been approved by the state for both Medical and Adult Use cannabis, with licenses having already been issued. Operations are reportedly now underway, with equipment installed already, enabling the company to begin manufacturing cannabis products.
With the completion of the facility, the company expects to now add a total of 30 full time employees to its payroll, with local employment by the firm in the city of Warren to grow to 50 employees.
Sponsored · Altamira Gold Corp.
Further, the company indicated this morning that it will be expanding its Platinum Vapes portfolio of products. The portfolio, which previously was exclusive to the state of California, will now be launched in the state of Michigan, with gummy and chocolate production launching immediately
“This Warren facility allows us to centralize distribution for our ‘house of premium brands’ in Michigan and finally report all of our Platinum Vape™ wholesale sales on a much less confusing and straightforward basis. The facility provides the production capacity to expand sales of our award-winning brands from the 250+ Michigan dispensaries that carry them to the state’s 400+ dispensaries,” commented CEO Brad Rogers on the development.
Red White & Bloom last traded at $0.48 on the CSE.
FULL DISCLOSURE: Red White & Bloom is a client of Canacom Group, the parent company of The Deep Dive. The company has been compensated to cover Red White & Bloom on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
