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RWB Received an $8 Million Warrant Exercise From an Institutional Investor and Signed an Irrevocable $7 Million Non-Convertible Debenture Unit Financing Commitment Red White & Bloom (OTCQX:RWBYF) announced that it has arranged the required cash for the closing of its previously announced acquisition of an Illinois Adult Use and Medical Cannabis Cultivation Center License and Associated Assets. Upon closing, and subject to regulatory approval, the Company intends to introduce both its Platinum Vape and High Times branded products into the Illinois market. “Surpassing USD $1 billion of adult-use sales in only its first year, Illinois has quickly developed into one of the most robust revenue markets in the United States. With the financing now secured, we are thrilled to be one step closer to bringing Red White & Bloom’s nationally-recognized brands to this market. The renewed optimism around the State permitting an additional 75 retail locations further highlights the ....
Elon Musk Might Know a Thing or Two About Rockets and Electronic Vehicles, But During an Interview With Podcaster Joe Rogan This Week, He Revealed Something of a Blind Spot When it Comes to Cannabis, Saying He Thinks CBD is “Fake” That’s not to say Elon Musk believes the non-intoxicating Cannabinoid (CBD) doesn’t actually exist. Rather, the tech entrepreneur indicated he feels it’s overhyped and “doesn’t do anything.” Joe Rogan, for his part, had a lot to say about cannabidiol’s benefits in response. The exchange started with Musk and Rogan reflecting on an earlier podcast show in 2018, where the SpaceX and ....