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RWBYF - Red White & Bloom Brands Inc News Story

$1.18 0.0  0.0%

Last Trade - 16/04/21

Sector
Healthcare
Size
Small Cap
Market Cap £170.3m
Enterprise Value £254.9m
Revenue £4.40m
Position in Universe 4371st / 6851

Red White & Bloom’s Platinum Gets Nod for Launch in Arizona

Fri 19th February, 2021 12:00pm
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20210219:nGNX8LMyls&default-theme=true


- Platinum Vape products are sold in California, Michigan and Oklahoma and
will be arriving in Arizona and Illinois in 2021(1)-

- Once launched, Platinum will be available in 5 of the top 10 states in the
US by cannabis revenue with sales in 2020 exceeding $7.6B(2)-

- Platinum adds two more awards to their trophy case, including THC gummies
and chocolates categories -

TORONTO, Feb. 19, 2021 (GLOBE NEWSWIRE) -- Red White & Bloom Brands Inc.
(https://www.globenewswire.com/Tracker?data=ckkG2D5jr6-nk22RyixybJpY960rsiCt73YpuXVB5pa5F2rx5rDxa5OJK3itu_db5HqYvDtW57vDuw_ltXdyGjQuxhLupYZFpf6_6qgJxzsygUi0rxyx8-iMUFXJCtyN)
(CSE: RWB and OTC: RWBYF
(https://www.globenewswire.com/Tracker?data=T_deB4eSfG8TNXEN311sCG0kppB9_4DB_ha0iQOIzuRa-Nv4uciDas3K4WXyP7E3jwn4alTqyE0nOeW6uKUWPdnSMAd9i9wmb8JAt1-mzLZpLiMq0QHz6_f7G4kPKkJ16psWuc0wFZK2nobFx-07msW7mhlGImaWUGh28YK_5Cs=))
(“RWB” or the “Company”) is pleased to announce that its wholly owned
subsidiary, Platinum Vape, (“Platinum” or “PV”) has been notified by
its local MSO partner that it has received regulatory approval for PV to
proceed with its planned expansion in Arizona.

Brad Rogers CEO & Chairman of RWB commented, “We can’t wait to get this
horse out of the gate and make Platinum a household name in this enormous
market. As cannabis commoditizes, brands will ultimately endure and thrive in
the long-term. It is our intention to methodically launch Platinum in more and
more markets as strategic opportunities present themselves, while growing and
solidifying our vertical cannabis business in the Midwest.”

A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/5a464c89-7f55-494b-b395-77daf547e186

Readers using news aggregation services may be unable to view the media above.
Please access the Company’s profile on SEDAR for a version of this press
release containing all published media.

The initial launch will include a strategic selection of Platinum’s popular
vape products including Indica, sativa, hybrid, and various CBD:THC ratio
cartridges into 16 Arizona dispensaries. Platinum
(https://www.globenewswire.com/Tracker?data=jsMVaC2R8s0bnAIxAb0aRi_XLYybvSW77XlpEDItboBm7dXWR06B5avvn4HsXp7tD5PTl9YBYUim_E55B7T-QA==)
is an award winning company that offers a wide range of both THC and CBD based
products across the highest consumption products and line extensions. The
portfolio boasts Vapes, Darts, Gummies, Chocolates as well as premium cannabis
flower. Although most frequently recognized as a leading vape supplier, PV has
expanded the portfolio and is quickly gaining recognition, having recently won
a Thrillist
(https://www.globenewswire.com/Tracker?data=wZrJHzkXw79mlFp6nYRfhLV022ZjlLklUhf6mURHbUMWw6q5aR5XJScxmTz1U4LQIilOlWFBc3pF_WU8zChBGuVnT59unNr-CKW5SSnAV9zv63If16o6oRrfRW4wP4kj)
best of 2020 Edible award for its Baked Apple Pie Gummies and a Farmers Cup
(https://www.globenewswire.com/Tracker?data=QxmUi5natpdX4DYs3_1oS4BMPoyBB8HwQ9ak0DQeWM98V_1dsum4pdfFcGXEdA1f1hyEmJPC8QLQLuEyO0b4SmnmYI02EmpQ0SgU4eosQJJs2wLr8LVeY4uAv-DBjZdX)
2(nd) place award for its Raspberry Cheesecake Chocolate Bar. PV continues to
expand its award winning portfolio as it looks to also expand its availability
in the US.

While expanding its product portfolio, RWB and PV remain committed to giving
back to the communities they serve with targeted programs that align with our
core values of championing social justice, diversity and inclusion.

About Red White & Bloom Brands Inc.

The Company is positioning itself to be one of the top three multi-state
cannabis operators active in the U.S. legal cannabis and hemp sector. RWB is
predominantly focusing its investments on the major US markets, including
Michigan, Illinois, Massachusetts, Arizona and California with respect to
cannabis, and the US and internationally for hemp-based CBD products.

For more information about Red White & Bloom Brands Inc., please contact:

Tyler Troup, Managing Director
Circadian Group IR
IR@RedWhiteBloom.com

Visit us on the web: www.RedWhiteBloom.com

Follow us on social media:
Twitter: @rwbbrands
Facebook: @redwhitebloombrands
Instagram: @redwhitebloombrands

Neither the CSE nor its Regulation Services Provider (as that term is defined
in the policies of the CSE) accepts responsibility for the adequacy or
accuracy of this release.

FORWARD LOOKING INFORMATION

This press release contains forward-looking statements and information that
are based on the beliefs of management and reflect the Company’s current
expectations. When used in this press release, the words “estimate”,
“project”, “belief”, “anticipate”, “intend”, “expect”,
“plan”, “predict”, “may” or “should” and the negative of these
words or such variations thereon or comparable terminology are intended to
identify forward-looking statements and information. The forward-looking
statements and information in this press release includes information relating
to the planned expansion of Platinum Vape in Arizona and the expansion of its
product portfolio. Such statements and information reflect the current view of
the Company with respect to risks and uncertainties that may cause actual
results to differ materially from those contemplated in those forward-looking
statements and information.

By their nature, forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause our actual results,
performance or achievements, or other future events, to be materially
different from any future results, performance or achievements expressed or
implied by such forward-looking statements. Such factors include, among
others, the following risks: risks associated with the implementation of the
Company’s business plan and matters relating thereto, risks associated with
the cannabis industry, competition, regulatory change, the need for additional
financing, reliance on key personnel, the potential for conflicts of interest
among certain officers or directors, and the volatility of the Company’s
common share price and volume. Forward-looking statements are made based on
management’s beliefs, estimates and opinions on the date that statements are
made, and the Company undertakes no obligation to update forward-looking
statements if these beliefs, estimates and opinions or other circumstances
should change. Investors are cautioned against attributing undue certainty to
forward-looking statements.

There are a number of important factors that could cause the Company’s
actual results to differ materially from those indicated or implied by
forward-looking statements and information. Such factors include, among
others, risks related to the Company’s proposed business, such as failure of
the business strategy and government regulation; risks related to the
Company’s operations, such as additional financing requirements and access
to capital, reliance on key and qualified personnel, insurance, competition,
intellectual property and reliable supply chains; risks related to the Company
and its business generally. The Company cautions that the foregoing list of
material factors is not exhaustive. When relying on the Company’s
forward-looking statements and information to make decisions, investors and
others should carefully consider the foregoing factors and other uncertainties
and potential events. The Company has assumed a certain progression, which may
not be realized. It has also assumed that the material factors referred to in
the previous paragraph will not cause such forward-looking statements and
information to differ materially from actual results or events. However, the
list of these factors is not exhaustive and is subject to change and there can
be no assurance that such assumptions will reflect the actual outcome of such
items or factors. While the Company may elect to, it does not undertake to
update this information at any particular time.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE
EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS PRESS RELEASE AND,
ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE
UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS
INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT
UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED
IN ACCORDANCE WITH APPLICABLE LAWS.

__________________________________

(1) Subject to closing of the pending acquisition in Illinois and receipt of
regulatory approvals in each state.
(2) Source: Leafly
(https://www.globenewswire.com/Tracker?data=j9uj2NWksxxQLm6lwbniD3t4hbjhbaZfc_9WuEAEXESkMSoLRg4KewAQivWzVQme_uuG8NQPZdpfI-1sZ91VFozWSEKxBXfBha3dwyb44FS3C5ZwDR8IY5peGzxgecBRhnPb2NRXtcFz09lUM7hY5AbHgIcWpqtH09SGNX2xAt82A9ayG_TrU0YMagOIsx0k)

(https://www.globenewswire.com/NewsRoom/AttachmentNg/ea005388-5fe8-4910-989f-b4de49b6bbc0)
A selection of Platinum Vape’s popular products including Vapes, Darts,
Gummies, Chocolates as well as premium cannabis flower. 
(https://www.globenewswire.com/NewsRoom/AttachmentNg/5a464c89-7f55-494b-b395-77daf547e186/en)
A selection of Platinum Vape’s popular products including Vapes, Darts,
Gummies, Chocolates as well as premium cannabis flower.


GlobeNewswire, Inc. 2021
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