Red White & Bloom (CSE: RWB) (OTCQX: RWBYF), a multistate cannabis operator and house of premium brands, has shared a status update on the management cease trade order (“MCTO”) the company received from the British Columbia Securities Commission; the MCTO was effective on May 3, 2022, under the National Policy 12-203. In the update, the company references its original press release, which announced a delay in the filing of key financial statements and accompanying management’s discussion and analysis for FY 2021, a delay that would extend beyond the period outlined in the applicable Canadian securities laws. The update also noted that progress is being made with the audit, as well as with the completion of RWB’s interim financial statements and accompanying management’s discussion and analysis for Q1 2022. Based on market regulations, the general investing public may continue to trade in the company’s listed commons shares during the MCTO, although Red White & Bloom’s CEO and interim CFO are not allowed to trade company shares. The status update confirmed that the company is working to satisfy the provisions of NP 12-203, including providing biweekly status reports.

To view the full press release, visit https://cnw.fm/4tJyq

About Red White & Bloom Brands Inc.

Red White & Bloom is a multistate cannabis operator and house of premium brands in the U.S. legal cannabis and hemp sector. RWB is predominantly focusing its investments on the major U.S. markets, including Arizona, California, Florida, Illinois, Massachusetts and Michigan with respect to cannabis, and the United States and internationally for hemp-based CBD products. For more information about the company, please visit www.RedWhiteBloom.com. 

NOTE TO INVESTORS: The latest news and updates relating to RWBYF are available in the company’s newsroom at https://cnw.fm/RWBYF

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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When the marijuana legalization wave started sweeping through several U.S. states and neighboring countries, there was concern about what would be done about all the waste from the packaging products in which cannabis is sold. [Re] Waste, an Alberta-based startup in Canada, has come up with an answer that is minting money for the company.

Started in Corey Saban’s garage, [Re] Waste now operates out of a spacious warehouse located close to Edmonton’s international airport. The company is grateful for all marijuana consumers who have shown that they are enthusiastic about recycling. These cannabis users take the empty marijuana containers back to the different retail outlets around their communities. [Re] Waste then picks up those containers and takes them to its facility for further sorting and processing.

Saban reveals that many people think that any waste they place in the blue recycling bags at home will be recycled once it is taken away by the garbage collection companies. However, this isn’t always true. In fact, the city of Edmonton doesn’t have the resources to invest in recycling all the plastic dumped into garbage bins. Instead, the city recycles high-quality plastics and send the rest to landfills.

This is the point at which [Re] Waste comes in. The company sorts and processes all the plastic and then makes products that it can sell out of that plastic waste. Some of the products that the company makes include shelving units, plastic bins, concrete and other useful items.

This is unlike the provincial government, which is primarily concerned with selling plastic pellets that are uniform enough to meet the feed stock requirements of the larger companies that are manufacturing plastics for different end uses. To the provincial government, sending the rest of the plastic it can’t use to the landfill is an affordable option. [Re] Waste doesn’t see things that way and wants to recycle as much of the plastic waste generated as possible.

So far, the cannabis container recycling company says that it has prevented 100,000 marijuana containers from being taken to landfills. By so doing, the company is making money while also bringing to fruition the concept of a circular economy within the cannabis space.

The strides taken by this Edmonton startup ought to serve as an example of what is possible in all jurisdictions where marijuana is legal. The marijuana plant already boasts its own eco-friendly credentials, and adding container recycling into the mix will boost the profile of the marijuana industry as well as its different sector players, including Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF), as ecologically conscious entities.

NOTE TO INVESTORS: The latest news and updates relating to Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) are available in the company’s newsroom at https://cnw.fm/RWBYF

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

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While speaking at a marijuana parade and rally in New York City last Saturday, Senate Majority Leader Chuck Schumer revealed that he had so far talked to half a dozen Republican senators about his upcoming federal legalization bill for marijuana. The annual NYC Cannabis Parade and Rally attracted notable attendees such as Jerrold Nadler, the chair of the Judiciary Committee in the U.S. House of Representatives. Nadler’s bill seeking to end cannabis prohibition federally was approved by the full House in April.

During his speech at the rally in his home state, Schumer reassured event attendees that he was committed to seeing marijuana legalized federally. To this end, the lawmaker revealed that he had sent out invitations to every lawmaker in the upper chamber of Congress so that these individuals can discuss with him any objections they may have to his upcoming comprehensive bill aimed at ending marijuana prohibition at the federal level.

He added that so far, he had interacted with half a dozen Republicans and there was a chance that he could win over 10 of them so that his bill can get at least 60 votes on the floor, the number needed to get this legislation approved for enactment.

However, industry watchers say the majority leader actually needs to woo more than 10 Republicans if he is to stand a chance of seeing his bill succeed. This is because not all Democrats in the Senate are currently in support of his marijuana legalization bill, meaning that he has an uphill task to convince a lot more GOP legislators to support the measure and meet the 60-vote requirement for passage.

Schumer vowed that he and his coauthors of the bill, Ron Wyden and Cory Booker, would do everything necessary to get support for that bill so that it is passed as soon as possible. Referring to the rain that was falling during the NYC event, the senate majority leader said that nothing, not even the rain, could dampen the enthusiasm to see an end to the prohibition of marijuana.

The timeline of the tabling of this bill has caused some concern among activists and advocates given that the bill was initially planned for introduction in April, but Schumer later pushed it to later in the year, at least before the lawmakers enter the August recess.

The New York City event didn’t focus only on Schumer’s long-promised bill. The recent coming into effect of the law legalizing recreational marijuana in the state was also celebrated as different speakers noted how the upcoming commencement of legal sales would be a huge turning point for the people.

As more states legalize marijuana and allow licensed companies such as Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) to operate, the economic benefits, including the creation of high-paying jobs, will continue to manifest as the sector matures.

NOTE TO INVESTORS: The latest news and updates relating to Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) are available in the company’s newsroom at https://cnw.fm/RWBYF

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

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Red White & Bloom (CSE: RWB) (OTCQX: RWBYF) has been strengthening its revenue streams in the states where it operates, particularly in Michigan, Florida and California of late, while also working to deal with its debt to make it more long-term feasible, announcing recently that it has eliminated several million dollars’ worth of liabilities and annual expenses. “The acquisition earlier this year of a 15,000-square-foot manufacturing, processing and distribution facility as well as properties owned by PharmaCo Inc., in Michigan, plus full licensing for manufacturing both medical and adult-use cannabis products in the state, assured RWB’s efforts to become fully vertically integrated and to expand the reach of Platinum Vape,” notes a recent article. In an April 20 announcement, RWB noted its intention to “eliminate an intangible asset of about $77 million as well as a license liability of $60 million from its balance sheets following restructuring of its debt while reducing ‘well over $100 million of liabilities without any dilution to our shareholders,’ a continuation of efforts since last year to cut debt.” Of the strides RWB has achieved, the recent article quotes CEO Brad Rogers as saying, “We are very pleased with the significant balance sheet and operational improvements we have made in a relatively short period of time.”

To view the full article, visit https://cnw.fm/S7E1L

About Red White & Bloom Brands Inc.

Red White & Bloom is a multistate cannabis operator and house of premium brands in the U.S. legal cannabis and hemp sector. RWB is predominantly focusing its investments on the major U.S. markets, including Arizona, California, Florida, Illinois, Oklahoma, and Michigan with respect to cannabis, and the U.S. and internationally for hemp-based CBD products. For more information about the company, visit www.RedWhiteBloom.com.

NOTE TO INVESTORS: The latest news and updates relating to RWBYF are available in the company’s newsroom at https://cnw.fm/RWBYF

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive SMS text alerts from CannabisNewsWire, text “Cannabis” to 844-397-5787 (U.S. Mobile Phones Only)

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We reported about the controversy that had arisen when the New Jersey attorney general penned a memo clarifying that, under existing law, police officers aren’t barred from consuming cannabis while off duty. As a result of that memo, several bills have been filed in order to empower employers, including law enforcement agencies, to ban the use of marijuana by people occupying safety-sensitive jobs, including those in law enforcement.

One of the three measures that have been filed aims at giving law enforcement agencies the authority to act against the police for consuming marijuana even while off duty. This particular measure was filed by Rep. Louis Greenwald, a Democrat. His bill will also give law enforcement agencies leeway to undertake random testing for drugs and also turn down any applicants who have a history of using cannabis in compliance with the laws of the state.

At the moment, people serving in law enforcement agencies cannot be penalized for consuming marijuana as long as they don’t show up for work while impaired. This situation is concerning to the governor and other influential lawmakers who feel that police officers and other law enforcement personnel shouldn’t be allowed to consume cannabis.

While the bill introduced by Greenwald is looking at imposing cannabis consumption restrictions on the police, two other bills have a wider scope and seek to bring amendments that curtail cannabis consumption rules that started being implemented last month. For example, one of those other bills wants to bar first responders from consuming recreational marijuana even if the substance is legally available within the state.

The third bill, whose full text isn’t readily available yet, is intended to grant employers permission to restrict certain employees from consuming marijuana products. Without the full text of this draft law, it isn’t easy to decipher which particular categories of employers the proposed law is targeting with this permission to restrict the lawful use of marijuana.

If you think that these bills are unpopular given that recreational marijuana sales have just been launched, think again. There is widespread concern that people who bear arms to protect and serve the community wouldn’t be in contravention of any laws if they consumed cannabis products outside their work hours. As a result of this concern, several local authorities, including members of the city council of Newark, have taken steps to unilaterally ban cannabis use by the police. Other mayors and councils are also vowing to issue their own orders restricting off-duty use by police officers in their jurisdictions.

As legalization spreads to more states across the country and major sector players such as Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) establish their foothold, the regulatory kinks like those raising dust in New Jersey will be resolved and the industry will keep growing.

NOTE TO INVESTORS: The latest news and updates relating to Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) are available in the company’s newsroom at https://cnw.fm/RWBYF

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

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Red White & Bloom (CSE: RWB) (OTCQX: RWBYF) recently announced the rollout of Platinum Vape(TM) (“PV”) Live Resin in Michigan, fulfilling its promise to introduce a steady stream of new products and consumption options to satisfy demand in the state. “The debut marks RWB’s line expansion into the higher-margin live resin vapes segment and also represents its inaugural product in Michigan beyond the popular distillate vape products. The company is committed to releasing many more products in the future,” a recent article reads. “Red White & Bloom expects PV Live Resin to become popular with consumers owing to the trust they have in the PV brand. With the PV Live Resin, which was previously only available in Oklahoma and California, RWB aims to tap into the growing U.S. live resin market. According to Greentank, live resin sales increased 86% between 2020 and 2021. But RWB holds that this growth is only the beginning. ‘We believe that this is just the tip of the iceberg for the live resin opportunity since so many new cannabis consumers are totally unfamiliar with live resin and migrate to it once they learn more about cannabis and discover live resins’ many advantages,’ company CEO Brad Rogers said.”

To view the full article, visit https://cnw.fm/vhObr

About Red White & Bloom Brands Inc.

Red White & Bloom is a multistate cannabis operator and house of premium brands in the U.S. legal cannabis and hemp sector. RWB is predominantly focusing its investments on the major U.S. markets, including Arizona, California, Florida, Illinois, Oklahoma, and Michigan with respect to cannabis, and the U.S. and internationally for hemp-based CBD products. For more information about the company, visit www.RedWhiteBloom.com.

NOTE TO INVESTORS: The latest news and updates relating to RWBYF are available in the company’s newsroom at https://cnw.fm/RWBYF

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive SMS text alerts from CannabisNewsWire, text “Cannabis” to 844-397-5787 (U.S. Mobile Phones Only)

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As more states legalize cannabis for medical and/or recreational purposes, a bigger proportion of the population can now readily access marijuana products from licensed outlets. According to research out of UC San Diego, a significant fraction of all new marijuana users are seniors. We offer the following tips to seniors who want to use medical or recreational marijuana for the first time.

Do some research on administration methods

The legalization of cannabis in different states has given entrepreneurs an opportunity to come up with different cannabis products and ways to use those products. For example, there are cannabis edibles, suppositories, vape products, and smokable products, among many other administration methods.

Do your research and select a consumption method that will suit your personal needs and preferences.

Start slow

Your body as a senior is likely to be more sensitive to what you put inside it, so it is advisable that you start with a smaller dose of whatever cannabis product you plan to use. Make any dosage increases minimal and gradual as you observe how your body responds to the product.

Hydrate

Marijuana has a tendency to make users feel parched, so it is a good idea to drink water during your cannabis consumption session. The water will prevent you from feeling dehydrated, and it may also provide a way to keep you grounded during your consumption session.

Prepare snacks

Cannabis triggers the “munchies” in some people, so you would be well advised to have some snacks on hand before your consumption session begins. These snacks will come in handy if the marijuana product you use causes an increase in your appetite.

Inform your doctor

Many seniors are on medication for a variety of conditions, such as arthritis, high blood pressure and diabetes. It is wise to talk to your physician before you start using any marijuana product. This discussion is important because the compounds in marijuana may either slow down or accelerate the effects of your medication, and your doctor is best placed to assess what specific interactions may occur.

Get the all-clear from your doctor and keep him or her updated on how you feel when you start using marijuana products. The healthcare professional can then advise on what tweaks to your medication are necessary.

It isn’t hard to find a doctor who is knowledgeable about medical marijuana if you live in a state that has legalized marijuana. Such a doctor will give you appropriate advice about using both marijuana and your existing medication.

Who knows, you might discover that the cannabis products from regulated companions like Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) give you a new lease of life!

NOTE TO INVESTORS: The latest news and updates relating to Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) are available in the company’s newsroom at https://cnw.fm/RWBYF

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

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A newly developed application can enable pharmacists as well as other medical professionals to enhance patient safety. This can be achieved by using the app to predict how cannabinoids, such as those found in medical cannabis, may interact with any other medications that a patient is taking.

Researchers at Penn State University developed the app, called CANNabinoid Drug Interaction Review (CANN-DIR). The app works by evaluating how various cannabinoids, including THC and CBD, found in different over-the-counter or prescription medical cannabis products interact with the other medicines that a patient is taking. The app has a database containing the common drugs that people access in hospitals and pharmacies. A healthcare worker or other professional simply inputs the cannabis compounds found in a product and then selects from a list of drugs to see what form any drug-on-drug interactions could take place.

For example, one may find that certain cannabinoids may slow down or accelerate the metabolism of a given active ingredient in a prescription drug. In such a case, the healthcare provider would tweak the dosage of the said drug in order to meet the intended therapeutic goals while avoiding any adverse events resulting from the drug-on-drug interaction.

Kent Vrana, who led the research team behind this app, explains that it is crucial that people realize that CBD, THC and other cannabis compounds may affect the rate at which other drugs are broken down or metabolized in the body. He adds that by using the app, it is possible to have a meaningful conversation with a patient regarding possible interactions between a given combination of cannabinoids and the conventional drugs being used by the patient.

This app has the potential to provide a meaningful way in which cannabinoids can be used safely alongside other medications. It can also help to address the reasons why some professionals in the mainstream medical field are hesitant or opposed to medical marijuana and  CBD products that the public can readily access from retail stores, medical cannabis outlets or even the black market. This is because the app avails science-backed information to address the concerns of the healthcare professional.

The research team was composed of people from the university’s medical school and a team of computer science professionals at the same university. The first version of the app went live on March 22, 2022, and the team is now focused on making a second reiteration of the app, which they hope will rate higher in terms of its user friendliness for caregivers and patients themselves.

This app will hopefully give patients the reassurance they need that using cannabis products from licensed suppliers such as Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) can be safe and helpful if necessary precautions are taken, such as talking to one’s doctor beforehand.

NOTE TO INVESTORS: The latest news and updates relating to Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) are available in the company’s newsroom at https://cnw.fm/RWBYF

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

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• Red White & Bloom Brands is a multi-state cannabis operator based in Canada and focused on developing revenue opportunities in strong U.S. cannabis markets such as Michigan, Florida and California
• The company recently announced it has eliminated $115 million in debt liabilities as part of its efforts to streamline its financial operations during a period when many companies are struggling with the effects of the COVID pandemic
• Red White & Bloom’s debt reduction includes cutting over $22 million in annual expenses
• The company has solidified its foothold in Michigan with acquisitions that have allowed it to become vertically integrated and open new dispensaries and cultivation facilities

Multi-state cannabis operator Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF) is making new strides in streamlining its operations as the company accelerates its push toward making its popular Platinum Vape-branded products some of the most recognizable premium cannabis products in the United States.

Red White & Bloom, or RWB, has been strengthening its revenue streams in the states where it operates, particularly in Michigan, Florida and California of late, while also working to deal with its debt to make it more long-term feasible, announcing April 20 that it has eliminated several million dollars’ worth of liabilities and annual expenses (https://cnw.fm/4X0Ot).

The acquisition earlier this year of a 15,000-square-foot manufacturing, processing and distribution facility as well as properties owned by PharmaCo, Inc., in Michigan, plus full licensing for manufacturing both medical and adult use cannabis products in the state, assured RWB’s efforts to become fully vertically integrated and to expand the reach of Platinum Vape.

Platinum Vape products not only include carefully crafted vape cartridges and disposable vape pens, but also gummies, chocolates and premium cannabis flower.

New data published on the Canadian Federation of Independent Business (“CFIB”)’s Small Business Recovery Dashboard is shining a light on the difficulties SBEs are facing in Canada in the wake of the COVID pandemic and the “staggering level of fresh COVID-related debt small firms have had to take on” as a result of the pandemic’s battering of economies worldwide.

“Two-thirds of small businesses (65%) have had to take on debt, at an average of $160,000, just to survive the past two-years,” CFIB president Dan Kelly stated in a news release about the survey results (https://cnw.fm/lYNWE). “For almost 900,000 business owners, up to $60,000 of this debt is in the form of a government-backed Canada Emergency Business Account loan. … The 2022 budget missed an opportunity to forgive a larger portion of these loans for the most deeply affected small businesses.”

Vancouver, British Columbia-based RWB’s April 20 announcement notes that the company expects to eliminate an intangible asset of about $77 million as well as a license liability of $60 million from its balance sheets following restructuring of its debt while reducing “well over $100 million of liabilities without any dilution to our shareholders,” a continuation of efforts since last year to cut debt.

As part of the restructuring, RWB pruned its Illinois property, exiting “the one state that had not contributed any revenue from THC operations to our results since our inception,” CEO Brad Rogers stated.

“We still believe that Illinois could be a great market for us, and will look to pursue it from an asset-light approach through licensing of our own brands,” Rogers added. “We will continue to look for opportunities to grow our revenue through a number of asset-light entries to other states, while focusing on getting to a positive adjusted EBITDA run-rate by the end of 2022.”

The company has also found ways to reduce its headcount as part of the effort, joining other SBEs in a revived trend to control their cash consumption and attract new capital through minimal staffing adjustments (https://cnw.fm/zbX8U). 

“We are very pleased with the significant balance sheet and operational improvements we have made in a relatively short period of time. Today’s announcement is the culmination of an in-depth review and rationalization of assets and operations,” Rogers stated.

For more information, visit the company’s website at www.RedWhiteBloom.com.

NOTE TO INVESTORS: The latest news and updates relating to RWBYF are available in the company’s newsroom at https://cnw.fm/RWBYF

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• Red White & Bloom and its wholly owned subsidiary RWB Michigan LLC recently announced the rollout of Platinum Vape(TM) Live Resin in Michigan
• The debut marks the company’s entry into the live resin in Michigan, which yield higher margins than the company’s existing distillate vape products
• RWB expects to release its full-year 2021 results on May 2, with the management hosting a conference call on May 3

Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF), a multistate cannabis operator on a mission to become the most recognizable cannabis company in the United States, is celebrating the fulfillment of its promise to consumers to introduce a steady stream of new products and consumption options to satisfy demand in Michigan, recently announcing it will roll out the Platinum Vape(TM) (“PV”) Live Resin in Michigan. The company, working in conjunction with its wholly owned subsidiary RWB Michigan LLC, will make the product available in nearly 400 Michigan dispensaries in due course (https://cnw.fm/Au7WC).

The debut marks RWB’s line expansion into the higher-margin Live Resin Vapes segment and also represents its inaugural product in Michigan beyond the popular distillate vape products. The company is committed to releasing many more products in the future. 

The PV Live Resin delivers a lush flavor profile and rich potency experience, thanks to its ability to capture and preserve the terpenes and trichomes of RWB’s premium cannabis strains. (Live resin is a cannabis concentrate created using fresh flower.) A compact product with a myriad of consumption options, the PV Live Resin packs all the benefits of the cannabis flower and more than 80 cannabinoids that synergistically work to enhance the plant’s therapeutic properties.

Red White & Bloom expects PV Live Resin to become popular with consumers owing to the trust they have in the PV brand. With the PV Live Resin, which was previously only available in Oklahoma and California, RWB aims to tap into the growing U.S. live resin market. According to Greentank, live resin sales increased 86% between 2020 and 2021 (https://cnw.fm/l5Gzn). But RWB holds that this growth is only the tip of the iceberg. 

“We believe that this is just the tip of the iceberg for the live resin opportunity since so many new cannabis consumers are totally unfamiliar with live resin and migrate to it once they learn more about cannabis and discover live resins’ many advantages,” company CEO Brad Rogers said.

Red White & Bloom is simultaneously streamlining its seed-to-sale processes and speeding up the development and go-to-market timelines for new products. According to Rogers, the company has already started expanding the distribution of its PV branded products, including the new PV Live Resin line, with the PV products now available in nearly 400 of Michigan’s 460+ dispensaries. 

Meanwhile, the company announced it will release its end-year (2021) financial results, subsequent events, and management discussion and analysis (“MD&A”) on Monday, May 2, after markets close. The following day, Tuesday, May 3, company Rogers will host a conference call in which he will discuss RWB’s quarterly results, operations, and upcoming events. Rogers will also join the management team in fielding questions from stakeholders and investors (https://cnw.fm/tNKD1).

The 2021 results will draw the curtains on an eventful year that saw the company report $11.8 million in revenue in Q1 2021 and $13.3 million in Q2 2021 (https://cnw.fm/TXgYP). In Q3 2021, Red White & Bloom’s revenue was up 93% year-over-year to $11.8 million from $6.1 million in Q3 2020 (https://cnw.fm/3DiWz). Already, the company’s cumulative revenue from the first nine months of the 2021 fiscal year (~$36.9 million) has surpassed the full year 2020 revenue ($23.3 million) (https://cnw.fm/xg4ir), setting the stage for what is likely to be a record-breaking year for Red White & Bloom.

The 2021 financial year also saw the announcement of key milestones, including the acquisition of cultivation facilities in Apopka, Florida and Sanderson, Florida; the opening of a production facility at the Sanderson property; receipt of Adult Use prequalification status in Michigan and approval from the Florida Department of Health, Office of Medical Marijuana Use; and more.

For more information, visit the company’s website at www.RedWhiteBloom.com.

NOTE TO INVESTORS: The latest news and updates relating to RWBYF are available in the company’s newsroom at https://cnw.fm/RWBYF

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

Do you have questions or are you interested in working with CNW? Ask our Editor

CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CannabisNewsWire is part of the InvestorBrandNetwork.