Red White & Bloom To Purchase Illinois THC Cultivation License, Secures $60M In Financing

Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) is poised to acquire a THC cultivation license in Illinois alongside certain assets.

The Toronto-based will pick up the issued and outstanding shares of Cannabis Capital Partners Inc. (CCP), by issuing up to 22 million common shares to CCP's shareholders.

The acquisition allows RWB to concurrently purchase Shelbyville-based cultivation and manufacturing operation spanning 23,572 square feet, alongside related inventory and 2 acres of land.

By obtaining one of twenty-one original "super licenses," the Prairie State issued, RWB has an option to expand the operation to include 220,000 square feet …

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