Red White & Bloom Posts $32.2 M In Adjusted Sales In Q1 2021, Builds Upon Michigan Footprint

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 through RWB Michigan LLC, its wholly-owned subsidiary.

Brad Rogers, RWB chairman and CEO, …

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