Red White & Bloom is planning to increase cultivation capacity upon closing of the previously announced definitive agreement to enter the Florida cannabis market.
RWB has secured 30 double wide fully enclosed cultivation pods that collectively provide approximately 19,000 square feet of operating space, with 14,400 square feet of canopy. Each unit is specifically designed and outfitted for premium cannabis cultivation.
These units, once online, shall be able to produce in excess of 7000lbs of flower annually, as well as thousands of pounds of trim with an estimated value in excess of US$40 million annually.
The Company will be taking delivery of the units in Florida for deployment at the Sanderson Property, which forms part of the Florida acquisition agreement and includes the sale of the property in Sanderson, with over 15 acres of land and a 113,546 SF facility for cultivation and processing.
"Self-contained, technically advanced cultivation pods provide a unique opportunity for RWB to produce ultra-premium product for the Florida marketplace that is significantly differentiated to what is commonplace in the market today," RWB team explains. "The majority of Florida’s medical cannabis market is supplied with mass-produced flower with common strains. RWB looks to satiate the State’s demand for a more premium product utilizing a craft-grown discipline for cannabis flower."
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Red White & Bloom