Red White & Bloom’s Platinum Gets Nod for Launch in Arizona
-Platinum Vape products are sold in California, Michigan and Oklahoma and will be arriving in Arizona and Illinois in 20211-
-Once launched, Platinum will be available in 5 of the top 10 states in the US by cannabis revenue with sales in 2020 exceeding $7.6B2-.
-Platinum adds two more awards to their trophy case, including THC gummies and chocolates categories -
TORONTO, February 19, 2021 (GLOBE NEWSWIRE) -- Red White & Bloom Brands Inc. (http://www.redwhitebloombrands.com/) (CSE: RWB and OTC: RWBYF) (“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.”
As selection of Platinum Vape’s popular products including Vapes, Darts, Gummies, Chocolates as well as premium cannabis flower.
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1 Subject to closing of the pending acquisition in Illinois and receipt of regulatory approvals in each state.
2 Source: Leafly (https://leafly-cms-production.imgix.net/wp-content/uploads/2021/02/13180206/Leafly-JobsReport-2021-v14.pdf)
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://houseofplatinum.com/) 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.thrillist.com/eat/nation/best-cannabis-edibles ) (best of 2020 Edible award for its Baked Apple Pie Gummies and a Farmers Cup (https://farmerscupofficial.com/farmers-cup-2-winter-2020/) 2nd 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
Visit us on the web: www.RedWhiteBloom.com
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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.
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