Dear Redwood Green Corp. Shareholders,
Redwood Green Corp.’s strategy is to run profitable businesses and seek strategic acquisitions and partnerships. Now in my second week as Redwood Green’s CEO, we are quickly working on a refined strategy, and I look forward to providing additional information about that to our shareholders in the near future. Be assured that we will continue to operate our businesses with the highest integrity, respecting business fundamentals and the law. We will consistently remain fully compliant with the laws and regulations governing the cannabis industry.
Over the last two weeks, I have spent considerable time on the ground reviewing operations and facilities at our Denver cultivation and dispensary subsidiary, which has been generating revenue for nearly 10 years.
I want to reassure RDGC shareholders that, while we have and continue to be in discussions with PharmaCielo Ltd. about a business relationship for the importation of CBD isolate, and we value our business relationship, we are in no way reliant upon the company for any aspect of our current operations or anticipated directions of continued growth.
I appreciate everyone’s patience, in light of the circumstances, in allowing me to get settled in my new role. Please reach out with any questions to our Investor Relations Director, Jeremie St-Pierre, at firstname.lastname@example.org or +1 303 222 8092 or toll free at +1 833 817 7185.
Chief Executive Officer and Board Director
Redwood Green Corp.
Direct: +1 303 222 8092
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Caution Regarding Cannabis Operations in the United States
Investors should note that there are significant legal restrictions and regulations that govern the cannabis industry in the United States. Cannabis remains a Schedule I drug under the US Controlled Substances Act, making it illegal under federal law in the United States to, among other things, cultivate, distribute or possess cannabis in the United States. Financial transactions involving proceeds generated by, or intended to promote, cannabis-related business activities in the United States may form the basis for prosecution under applicable US federal money laundering legislation.
While the approach to enforcement of such laws by the federal government in the United States has trended toward non-enforcement against individuals and businesses that comply with medical or adult-use cannabis programs in states where such programs are legal, strict compliance with state laws with respect to cannabis will neither absolve Redwood Green of liability under US federal law, nor will it provide a defense to any federal proceeding which may be brought against Redwood Green. Enforcement of federal laws in the United States remains a significant risk to the business of Redwood Green and any proceedings brought against Redwood Green thereunder may adversely affect the Company’s operations and financial performance.