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Oklahoma's Cannabis Market: What Investors, Entrepreneurs Need To Know

Oklahoma’s medical cannabis market is one of the more unique. With lax regulations and a simple pathway to licensing, the state created a market with over 10,000 actively licensed dispensaries, growers, and processors for a state with approximately 644,000 registered patients as of 2019-2020.
At the same time, the state’s land is cut in half due to a 2020 Supreme Court decision ruling that the land belonged to Native American reservations already on the land prior to Oklahoma’s founding. Tribes are not included in Oklahoma’s laws and must create regulations for their land.
Oklahoma stands out for its unique regulations but also for its strong cannabis performance so far. Sales more than doubled in 2020 compared to 2019, totaling $831 million. ....

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Red White & Bloom Releases Update and Advises on Timing of Filing Annual Audited Financial Statements and Management's Discussion and Analysis

Article content
RWB” or the “
Company”) previously announced that it did not file its audit in advance of the April 30, 2021 deadline. The Company anticipates filing its 2020 audited financial statements on or before May 31, 2021. As a result of today’s announcement, RWB is providing certain 2020 and subsequent financial results:
Certain highlights for 2020 and subsequent to the year end:
System wide product sales
1 for the Company, which excludes RWB Michigan, RWB Florida and RWB Illinois, in the fourth quarter of 2020 were approximately CDN $26.5 million, an increase of 218% over the third quarter and the first full quarter post-closing of the Platinum Vape (“PV”) acquisition; ....

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Red White & Bloom Brands (RWBYF) - Acreage Finalizes Sale Of Florida Operations To Red White & Bloom

Red White & Bloom Brands, Inc. (CSE:RWB) (OTCQX:RWBYF).
The New York-based company said Wednesday it has closed apreviously announced deal to divest 100% of its Acreage Florida, Inc. subsidiary to RWB.
The Acreage Deal Details: Under the terms of the agreement with Acreage’s subsidiary High Street Capital Partners LLC, RWB opted to purchase all of the issued and outstanding shares of common stock of Acreage Florida Inc. for $60 million.
The price tag includes $5 million in an upfront cash payment, an additional $20 million in cash, $7 million in RWB’s common stock and $28 million in vendor take-back promissory notes.
The deal also includes the sale of Acreage s Sanderson-based facility comprised of more than 15 acres of land with a roughly 11,000-square-foot cultivation area as well as a freestanding administrative office building spanning 4,000 square feet. ....

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3 Best Value Stocks to Buy Now | The Motley Fool

Author Bio
Zhiyuan Sun is a statistician with a knack for analyzing clinical trials and company financials. Investing in healthcare and cannabis is his passion, as well as looking out for new, actionable stock investment ideas in these sectors. Fool since April 2020. Lives in Québec City, Canada.
Follow @Bio Chameleon
Over the past 12 months, the
S&P 500 has delivered an impressive 48% return. However, the index is now at its third most-expensive level in history, with a price-to-earnings (P/E) ratio of 42.
With that run-up behind us, it has become more challenging to pick up good new investments without paying an excessive premium. Still, will a little extra legwork, some relative bargains can be found. ....

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Could Michigan Be the Perfect Entry Point for Cannabis Investors

Could Michigan Be the Perfect Entry Point for Cannabis Investors
FN Media Group Presents USA News Group News Commentary
VANCOUVER, B.C., April 8, 2021 /PRNewswire/ USA News Group - A cannabis boom is underway, and perhaps one of the fastest growing markets of all is that of Michigan, which just saw its cannabis sales hit $105 million in February 2021, representing an increase of 160% year-over-year. Just last year, Michigan s top cannabis regulator predicted the state s market has $3 billion potential. This week, Bruce Linton, founder and former CEO of the world s most valued cannabis company
Canopy Growth Corporation (NASDAQ: CGC) (TSX: WEED) commenced trading with his new Michigan-based cannabis vehicle Gage Growth Corp. (GAGE). Many more have seen Michigan s marijuana market potential and are wasting no time in getting established there, including premium plant-based extraction company ....

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