U.S. DOJ Puts Cannabis MSOs Under the Microscope, New IPOs Could be the Perfect Way to Play the Fall

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Red White & Bloom (CSE: RWB | IPO Pending) struck a deal to merge with Tidal Royalty (CSE: RLTY.U) (OTC: TDRYF) to create one of the largest U.S. multi-state operators to date.

The new combined entity will trade under the symbol CSE: RWB and its IPO date should be announced in the very near future.

Any potential delays in this IPO to date have turned out to be a blessing in disguise as going public in a soft market is less than ideal.

An IPO in the fall season could align perfectly with a large reversal in cannabis equities.

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