Canadian Weed Producer Red White & Bloom Narrows Loss, Reports 15% YoY Drop In Q1 Revenue As It Wraps Up Aleafia Acquisition
Canadian cannabis company Red White & Bloom Brands Inc. (CSE:RWB) announced on Thursday that it has filed its condensed interim consolidated financial statements for its first quarter ended March 31, 2024.
The company wrapped up its previously announced acquisition of Aleafia Health Inc. and its subsidiaries in January.
That deal provides RWB recreational cannabis sales channels in five Canadian provinces, including Ontario, Alberta, British Columbia, Saskatchewan and Manitoba; medical cannabis sales channels across Canada direct to patient subscribers; international cannabis sales channels via export to Australia, Germany and the United Kingdom; and a virtual medical cannabis clinic, to name a …