Red White & Bloom (CSE: RWB) (OTCQX: RWBYF), a leading provider of cannabis brands in the United States, announced that it has built-out a new production facility. The facility meets GMP specifications and enables the company to capitalize on the expanding cannabis derivative market in Florida. The new 4,800-square-foot structure is located at RWBYF’s Sanderson, Florida, location and was built to meet the fast-growing demand for edibles. According to a BDSA report, the state’s medical cannabis market has been projected to reach $1.5 billion in sales in 2021, which would be a 53% increase compared to 2020 numbers; the same report noted that, with both recreational and medical cannabis expected to be legal in Florida by 2023, the market is forecast to total $2.6 billion by 2026. Red White & Bloom is working on the development of a branded capsule and rosin line along with an exclusive line of chocolates that the company anticipates will be available later this year. “We are very pleased to have completed this state of the art production facility ahead of time and begin production this month,” said Red White & Bloom general manager Jim Frazier in the press release. “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.”
To view the full press release, visit https://cnw.fm/ldOr2
About Red White & Bloom Brands Inc.
Red White & Bloom Brands is positioning itself to be one of the top-three, multistate cannabis operators active in the U.S. legal cannabis and hemp sector. RWB is predominantly focusing its investments on major U.S. markets, including Michigan, Illinois, Florida, Arizona and California, with respect to cannabis, as well as 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
CanadianCannabisWire (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.CanadianCannabisWire.com
Do you have a questions or are you interested in working with CNW? Ask our Editor
CanadianCannabisWire is part of the InvestorBrandNetwork.