Red White & Bloom Brands Exercises Option to Acquire PharmaCo (Michigan)

July 27, 2020

Red White & Bloom Brands Inc. announced it has exercised its option to acquire 100% of PharmaCo, Inc. through its wholly owned subsidiary MichiCann Medical Inc., issuing up to 37 million units as consideration subject to regulatory approvals. The move gives Red White & Bloom a direct entry and a significant retail footprint in the Michigan cannabis market as part of the company's multi-state expansion strategy.

Buyers
Red White & Bloom Brands Inc., MichiCann Medical Inc.
Targets
PharmaCo, Inc.
Industry
Retail
Location
Michigan, United States
Transaction Type
Buyout

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