Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) announced Tuesday partial results for the first three months of 2021, without contributions from RWB Michigan, RWB Florida and RWB Illinois.
The Toronto-based company reported having earned CA$32.2 million ($26.7 million) in adjusted sales over the period, representing a sequential increase of 2.4%.
In addition, adjusted EBITDA came in positive at $460,000 for the first three months of this fiscal year.
RWB Michigan: RWB is pawing its way toward establishing itself in Michigan, as it recently announced the completion of the two-step application process for marijuana licensing in the Great Lake State through RWB Michigan LLC, its wholly-owned subsidiary.
Brad Rogers, RWB chairman and CEO, …