NetworkNewsBreaks – Red White & Bloom Brands Inc
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Posted On: 09/09/2021 4:59:06 PM
NetworkNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Builds Out New Florida Facility for Edibles Production
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.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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