Sign In  |  Register  |  About Livermore  |  Contact Us

Livermore, CA
September 01, 2020 1:25pm
7-Day Forecast | Traffic
  • Search Hotels in Livermore

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

InvestorNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Enters Binding Acquisition with Aleafia Health for Business Combination

Red White & Bloom (CSE: RWB) (OTCQX: RWBYF), a multistate cannabis operator and house of premium brands, has entered into binding letter agreement with Aleafia Health Inc. (TSX: AH) (OTCQB: ALEAF) to acquire Aleafia and its subsidiaries in a business combination transaction. Calling the acquisition a “transformative milestone for RWB,” company officials noted that the transaction will provide a well-established distribution beachhead for RWB and its premium Platinum brand into the Canadian market while opening up the larger U.S. market for Aleafia’s brands via RWB’s distribution and retail channels; both companies will be leveraging their respective competencies in the areas of cultivation, procurement, product development, and sales and marketing in ways that will enhance the profitability of the combined company.” According to the announcement, the combined company is expected to represent C$138 million in trailing distribution and retail revenue from the Canadian, United States and European cannabis end markets as well as a combined gross profit of $39 million before fair value adjustments. The announcement noted that the two companies together will service an estimated 3,000 North American retail locations. “The intended acquisition of Aleafia expands our footprint to the largest federally legal cannabis market globally,” said Red White & Bloom Brands CEO and directorBrad Rogers in the press release. “Combining our award-winning brands and IP with Aleafia’s proven cultivation, manufacturing and distribution capabilities creates one of the most dynamic cross-border companies in the industry. We continue to focus on delivering significant value to our shareholders and believe this transaction aligns with that commitment.”

To view the full press release, visit https://ibn.fm/CsThC

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 sector. RWB is predominantly focusing its investments on the major U.S. markets, including Arizona, California, Florida, Massachusetts, Missouri and Michigan. 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://ibn.fm/RWBYF

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.

As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.

For more information, please visit https://www.InvestorWire.com

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

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
Editor@InvestorWire.com

InvestorWire is part of the InvestorBrandNetwork

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 Livermore.com & California Media Partners, LLC. All rights reserved.