On May 23, 2018, we published revised versions of our Privacy Policy and User Agreements. Please read these updated terms and take some time to understand them. Your use of our services is subject to these revised terms.
Yes, I Agree.

Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Commences Installation of 30 Growing Pods, Produces First Batch of Chocolates at New Sanderson Production Facility

  • Red White & Bloom has officially entered Phase 2 of an aggressive three-phase expansion plan in Florida
  • Phase 2 involves the installation and commissioning of 30 customized, self-contained growing pods
  • RWB recently received OMMU approval for the first five pods that it subsequently installed and commissioned
  • The company, through its Red White & Bloom Florida LLC subsidiary, produced the first batch of chocolates from the new Sanderson production facility, making substantial progress since launching the greenhouse facility in Apopka in late September

Following the early October completion of phase one of a three-phase development strategy that captures Red White & Bloom Brands’ (CSE: RWB) (OTCQX: RWBYF) expansion plan in Florida, the company has officially entered the second phase.

This announcement follows the receipt of an Office of Medical Marijuana Use (“OMMU”) approval on October 22 that sanctioned the installation, commissioning, and loading of five of 30 planned modular grow pods. With the five approved pods already growing plants, RWB, through its subsidiary Red White & Bloom Florida LLC (“RWBFL”), is fast-tracking the remaining 25 pods with the expectation that they will be operational no later than the first of December.

Combined, the 30 16’ by 40’ customized, self-contained pods will provide about 19,000 square feet of operating space. Each pod will be capable of producing 63 pounds of sellable product per harvest, while collectively, they are expected to produce 10,000 pounds of high-quality flower annually. RWB anticipates that the annual yield will generate $30 million in additional revenue.

“The grow pods provide us with speed to market capabilities, which are needed for RWBFL to meet and exceed expectations for generating profitable revenue early in 2022,” commented Jim Frazier, GM of RWB Florida.

According to Brad Rogers, Red White & Bloom CEO, the RWBFL team has been on time, on target, and under budget in executing each step of the development strategy for the two cultivation centers in Apopka and Sanderson.

“Coupled with our cultivation and processing in Sanderson, the additional product [from the pods] will ensure Red White & Bloom has the needed inventory to fulfill inventory requirements at our HT Medical Cannabis dispensary in Springhill and for the next three dispensaries opening in the first quarter of 2022. The locations of the three dispensaries are St. Petersburg, Daytona, and Miami Beach,” Rogers continued.

In addition to the activation of the five pods, RWB announced its subsidiary had achieved another milestone with the production of the first batch of chocolates from its new Sanderson production facility. Announced on September 9, the facility was built out to GMP specifications to capitalize on Florida’s burgeoning cannabis derivative market, which is expected to reach $2 billion in annual sales by 2025 from a projected $1.3 billion in 2021 (https://cnw.fm/2o7Si).

RWB also reported that its subsidiary had made significant progress since launching the 45,000 square foot greenhouse in Apopka in late September (https://cnw.fm/2RXbp). Half of the greenhouse is utilized for auto flower production for biomass to support RWBFL’s extraction operation in the future. The remaining half is reserved for mother plants, clones, and vegetative operations for RWB’s proprietary genetic strains.

Moreover, RWBFL has hired highly talented cultivation specialists to enable aggressive growth and fulfill a Q4 harvest schedule. By yearend, the subsidiary expects to have expanded its current team of 15 to 25 and then to 50 by the end of Q1 2021. Prospective employees can view job openings via https://cnw.fm/fuPI8.

The three-phased development strategy aligns perfectly with Rogers’ summary of the company’s focus for the remainder of 2021 and throughout 2022 (https://cnw.fm/8ya8p). “The company will focus on the continued growth of our top-line revenue and bottom-line results through expansion of our house of brands that continue to gain momentum, fortification of our vertically integrated businesses, and the synergies from our M&A success,” stated Rogers.

Notably, Phase 3, which is on schedule, will focus on increasing the cultivation capacity in Sanderson as well as building out the remaining space in Apopka to enable RWBFL to generate profitable revenue by maximizing the two facilities.

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.

Archives

Select A Month

Official NewsWire Relationships

Benzinga Cannabis Capital Conference Cannabis Business Summit & Expo 2019 Cannabis Drinks Expo Cannabis World Congress & Business Exposition MjMicro Conference New England Cannabis Network O'Cannabiz Conference & Expo USA CBD Expo

CannabisNewsWire Currently Accepts

Bitcoin

Bitcoin

Bitcoin Cash

Bitcoin Cash

Doge Coin

Dogecoin

Ethereum

Ethereum

Litecoin

Litecoin

USD Coin

USD Coin

Contact us: 303.498.7722