Cannabis company Red White & Bloom just officially arranged the purchase of its new assets, along with an Illinois Adult Use and Medical Cannabis Cultivation Center License.
“Surpassing US $1 Billion of adult use sales in only its first year, Illinois has quickly developed into one of the most robust revenue markets in the United States,” said Brad Rogers, Chairman & CEO of RWB. “With the financing now secured, we are thrilled to be one step closer to bringing Red White & Bloom’s nationally-recognized brands to this market. The renewed optimism around the State permitting an additional 75 retail locations further highlights the enormous opportunity Illinois offers.”
“We are particularly enthused that Illinois has laid out the roadmap for the strongest social equity and diversity programs in the cannabis industry,” added Bennett Johnson III, RWB’s Director of Government Affairs & Public Policy. “Their vision aligns strongly with our core tenets of championing social justice initiatives and fostering robust partnerships with marginalized stakeholders. We have started the work in advance of closing to ensure that we can contribute to this mandate and play our part in a meaningful way.”
Now that this deal is ready to close, the next step is