Red White & Bloom Announced the Second Release of its High Times Branded Cannabis Products in Michigan After the Initial Release Last Month Sold Out in a Matter of Hours
In Response to Soaring Cannabis Demand in Michigan, RWB’s Second High Times Release Will Be Available in Twice the Number of Dispensaries as the December Launch
Red White & Bloom (CSE: RWB) (OTCQX: RWBYF) announced on Wednesday, the second release of its exclusive line of High Times branded cannabis products in Michigan. The company’s quick follow-up release is in response to soaring cannabis demand in Michigan after last month’s initial launch sold out in just hours.
For those hoping to get their hands on the new RWB High Times products, you’ll be pleased to know that the second release will be carried in twice as many dispensaries as the first and will feature the following three new unique strains:
The new High Times branded lineup is now available for purchase via licensed retail dispensaries throughout the state of Michigan. Michiganders interested in learning more can click here to view the full list/map of all Michigan medical and adult-use dispensaries carrying the new RWB High Times products.
“I couldn’t be more excited about our latest High Times launch. The fact these products are in such insatiable demand is a testament to the brand and the quality of the products being released to the Michigan market. There is much more coming over the course of the next few weeks, and this is a very exciting time for all who recognize and respect the fight and fortitude of High Times as the only brand and the true “OG” of the cannabis industry,” commented Brad Rogers, RWB Chairman & CEO.
Source: Shutterstock + RWB Investor Deck
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Booming Michigan Marijuana Market Nears $1 Billion in Sales
As New Cannabis Ventures detailed in a recent article, legal marijuana sales in Michigan increased sharply in December 2020. The Michigan Marijuana Regulatory Agency reported total combined medical and adult-use cannabis sales reached $101 million last month. December was a record month for Michigan’s adult-use market as sales spiked 12% to $61.6 million. Medical sales climbed 6.2% coming in at $39.6 million.
In 2020, Michigan generated combined cannabis revenue of $984.6 million, with medical and adult-use sales totalling $474 million and $510.7 million, respectively.
RWB says it expects the full launch of High Times branded products in Michigan to include over 30 unique SKUs and be completed in Q1 2021. The company is planning to add various new prerolls, vapes and edibles to the six strains of packaged flower currently on the market. RWB also holds the exclusive rights to brand dispensaries and manufacture and sell cannabis products under the High Times brand name, which is arguably the most recognized name in the marijuana industry.
“We have a storied history in Michigan through our hosting of over 13 Cannabis Cup events that have been attended by nearly 300,000 thousand people from across the region. We expect this next release to see even greater demand and have expanded access to additional locations to help provide additional geographic coverage in the state for our many loyal followers,” added Peter Horvath, CEO of Hightimes Holding Corp.
Source: Barchart.com
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