Latest Financial Results

Nov 29, 2022 • 8:30 AM EST

Q3 2022 Quarterly Results

Quarter Ended Sep 30, 2022

Earnings Release
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$25.5M

Revenue for the Three months ended September 30, 2022, was $25.5 million, a 128% increase from revenue for the Three months ended September 30, 2021.

$80.9M

Revenue for the Nine months ended September 30, 2022, was $80.9 million, a 133% increase over the same Nine-month period ended in 2021.

$9.6M

Gross profit before fair value adjustments for biological assets for the Three months ended September 30, 2022, was $9.6 million, a 65% increase over the same Three-month period ended in 2021 and a 102% increase from 2022-Q2.

Source: Q3 2022 earnings release

For complete information regarding our financials, see our periodic filings

A Diverse Brand Base

Our brands are a cross section of cannabis companies to serve a variety of customers.

Mid-American Growers

Mid-American Growers

Mid-American Growers utilizes one of the largest greenhouses in North America to provide premium CBD edible and personal care products. We maintain sustainable practices to show how much we value our people and our environmental impact.
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Platinum Vape

Platinum Vape

Our Platinum Vape retail reach is one of the most recognized in Michigan. The Platinum product line is expanding in California, Arizona, Oklahoma and Illinois, making it one of the most popular THC brands in the industry.
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PV Wellness

PV Wellness is our direct-to-consumer brand offering 140 SKUs online targeting the Gen Z – Boomers markets. Offering a variety of consumer products utilizing indoor-grown, ultra-premium input CBD.
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Latest Quarterly Results

Q3 2022

For Quarter Ending September 30, 2022

$25.5M

Revenue for the Three months ended September 30, 2022, was $25.5 million, a 128% increase from revenue for the Three months ended September 30, 2021.

$80.9M

Revenue for the Nine months ended September 30, 2022, was $80.9 million, a 133% increase over the same Nine-month period ended in 2021.

$9.6M

Gross profit before fair value adjustments for biological assets for the Three months ended September 30, 2022, was $9.6 million, a 65% increase over the same Three-month period ended in 2021 and a 102% increase from 2022-Q2.

Source: Q3 2022 earnings release

For complete information regarding our financials, see our periodic filings

Latest Annual Filing

For Fiscal Year Ending December 31, 2020

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Company Overview

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 predominately focusing its investments on major markets in the United States, including Michigan, Illinois, Massachusetts, California, and Florida with respect to cannabis and the entire US for legal hemp CBD based products.

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A Leading Cannabis Company in the U.S.

The Company is positioning itself to be one of the top three multi-state cannabis operators active in the US. 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 U.S. and internationally for hemp-based CBD products.

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Making a Positive Impact Through BLOOM

We are committed to upholding the highest standards in environmental impact, social justice and corporate governance. Through BLOOM, our ESG program, we promote workforce diversity, encourage positive partnering practices, and give back to veterans.

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