Red White & Bloom Brands Inc. (RWB) has completed the acquisition of Aleafia Health Inc. and its subsidiaries for a total consideration of $31,667,700. The deal includes intellectual property assets, shares in Emblem Cannabis Corporation, Canabo Medical Corporation, and Aleafia Retail Inc., and a 9.4% stake in One Plant (Retail) Corp. This acquisition expands RWB's sales channels across five Canadian provinces, medical channels across Canada, and international channels to Australia, Germany, and the UK. It also includes cultivation and storage facilities in Ontario. The combined entity is expected to generate CA$140 million in annualized revenues and be accretive on an EBITDA basis in fiscal 2024. RWB shares traded lower by 7.6923% at $0.06 per share following the announcement.