QualityStocksNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Announces Receipt of Medical Marijuana Use Approval
Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF) has received approval from the Florida Department of Health, Office of Medical Marijuana Use for the company’s previously announced plans to acquire Acreage Florida. In the announcement, the company noted that Florida, a limited-license state with 22 licensed operators, has been reported as one of the most robust medical marijuana markets in the country; cannabis revenue for the state topped $1.2 billion in 2020. With this key approval in place, RWBYF now anticipates focusing on closing the transaction. The company will work to meet the customary closing conditions that are associated…