Red White & Bloom Focuses On Edibles In Florida Medical Market
Red White & Bloom (CSE: RWB) is well underway with the development of its recently acquired Florida assets. The firm this morning announced that it has completed the build-out of a production facility within the state.
The purpose of the production facility is reportedly to focus on the growing edibles market within the state. The facility, at 4,800 square feet in size, is to focus on the production of chocolates for medical patients, as well as capsules and rosin.
“We will begin with premium specialized confectionary offerings as finished retail-ready packages where medical patients will be able to select from a variety of different products. We are confident this new facility, coupled with our expert staff of edible specialists, can produce a market-leading offering,” commented Jim Frazier, general manager of RWB Florida.
In terms of Florida, the company currently operates out of a cultivation facility situated on 15 acres, while owning 8 leased stores in the state. The Florida license was originally acquired for US$60.0 million in a transaction with Acreage Holdings (CSE: ACRG), which closed back in April.
Red White & Bloom last traded at $1.00 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. Always do additional research and consult a professional before purchasing a security.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.
