Red White & Bloom Brands Inc. RWBYF Archives - Page 5 of 9

MondayOct 25, 2021 10:35 am

QualityStocksNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Announces Agreement with Preferred Stock Shareholders

Red White & Bloom (CSE: RWB) (OTCQX: RWBYF), a multistate cannabis operator and house of premium brands, has reached an agreement with certain company shareholders. The company noted that specific shareholders have agreed to a nonconversion lock-up period for their preferred shares; the shares, which represent more than 50 million RWB series II preferred shares, have a term that expires on April 24, 2022. The new agreement enables the shareholders involved to maintain their rights as preferred share shareholders. “RWB senior leadership, including myself, as well as a number of shareholders believe in RWB’s long-term house of premium brands strategy…

ThursdayOct 21, 2021 10:25 am

QualityStocksNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Announces Strategic Board Appointment

Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF), a multistate cannabis operator and house of premium brands, today announced the appointment of strategic investor and entrepreneur Colby De Zen to its board of directors, effective upon completion of any applicable regulatory and/or other requirements. De Zen, one of the managing directors of the De Zen Family Office, which has deployed significant capital in the public and private sectors, brings a wealth of operational and executive management expertise to the company. “We are extremely fortunate to have developed such a strong relationship with the De Zen Group,” said Brad Rogers,…

MondayOct 18, 2021 12:16 pm

QualityStocksNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Announces Management Transition, Reduces Liabilities

Red White & Bloom (CSE: RWB) (OTCQX: RWBYF), a multistate cannabis operator and house of premium brands, has completed a management transition at Platinum Vape (“PV”) LLC and a group of companies acquired earlier this year. In addition, RWBYF has settled all additional PV acquisition purchase price consideration and redeemed $5 million of convertible debentures. According to the announcement, Red White & Bloom noted strong demand in Michigan and California is outpacing its supply of PV brand offering and stated that it has made expanding its PV brand a top priority; the company anticipates increased production to reach more than…

TuesdayOct 12, 2021 10:46 am

QualityStocksNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Subsidiary Receives Cannabis Cultivation License, Commences Grow Operations

Red White & Bloom (CSE: RWB) (OTCQX: RWBYF), a multistate cannabis operator and house of premium brands, announced that its subsidiary, Red White & Bloom Florida LLC, has received approval to begin growth operations at its 45,000-square-foot greenhouse in Apopka, Florida. The company has completed phase one of its cultivation strategy and is in the midst of a three-phase development plan for two Florida cultivation centers. The centers are part RWBYF’s plan to produce adequate inventory for existing and new dispensary openings planned for Q1 2022. The company had plants at the greenhouse ready to plant as soon as approval…

MondayOct 11, 2021 1:37 pm

Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Completes Refinancing Amid Multi-state Drive to Roll Out Cannabis Brands

Multi-State Operator Red White & Bloom Brands is a cannabis retail opportunity builder expanding via acquisitions to create a synergistic portfolio throughout North America The company recently completed strategic refinancing that reorganizes its debt under an agreement that matures in January 2023 The company continues aiming to improve its EBITDA margins under a harmonious High Times brand throughout its retail stores in Michigan, Florida, and Illinois, and it continues to build additional opportunities in California, Arizona, Oklahoma, and Massachusetts North America is set to become the dominant producer market for cannabis, and Red White & Bloom’s multi-state operator efforts are…

WednesdayOct 06, 2021 1:55 pm

QualityStocksNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Achieves 13% QOQ Revenue Growth, Marks Remarkable Q2 2021

Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF) recently released its financial results for the second quarter of fiscal 2021. The company’s revenue was up 13% to $13.3 million, from $11.8 million in Q1 2021. In addition to a growth in revenue, RWB also received the Florida Department of Health, Office of Medical Marijuana Use approval; closed the acquisition of Acreage Florida; secured 20 double wide fully enclosed cultivation pods that will offer approximately 19,000 square feet of turn-key cultivation space; and completed the more comprehensive portion of Michigan’s two-step application process for medical marijuana licensing through its wholly…

WednesdayOct 06, 2021 9:00 am

Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Welcomes Consultancy Prowess as Cannabis Brands Build in Hot Florida Market

Red White & Bloom Brands Inc. is a multi-state operator building steam within the cannabis market, particularly with recent growth developments in Florida and Michigan The company has obtained prequalification status for recreational use marijuana production in Michigan, and built out a production facility in Florida for edibles and other cannabis derivatives Florida is the nation’s third-largest market for cannabis and the largest for medical cannabis Red White & Bloom has named former congressman and current policy strategist Ryan Costello to its board to help drive the company’s plans for expansion Cannabis multi-state operator and brand builder Red White &…

MondayOct 04, 2021 9:00 am

Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Receives Adult Use Prequalification Status in Michigan; Sanderson Facility to Help Satisfy Edibles Market Demand

The approval by the Marijuana Regulation Agency represents RWB’s authorization to move forward with the operational strategy of its subsidiary RWB Michigan, LLC Michigan provides access to a market with approximately 10 million people and a consumer pool responsible for $171 million in sales – resulting in the generation of more than $23 million in tax revenue for the state’s roads, schools, counties, and municipalities The Sanderson property in Florida has been built to GMP specifications and is a 4,800 square foot standalone facility that is expected to help bridge the gap and satisfy the fast-growing demand in the cannabis…

MondaySep 27, 2021 11:08 am

QualityStocksNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Refinances Approximately US$19M of Short-Term Debt

Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF), a multistate cannabis operator and house of premium brands, today announced that it has completed a refinancing of an aggregate principal amount of US $18,620,000 debentures (plus accrued interest to Sept. 1, 2021) previously issued to an arm’s-length investor (collectively, the “prior debentures”). According to the update, the prior debentures were replaced with a new debenture in the principal amount of US $19,370,020. The unsecured new debenture bears interest at the rate of 10% per annum, which accrues and is payable on the maturity date of Jan. 21, 2023, and is…

FridaySep 24, 2021 1:54 pm

QualityStocksNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Continuing Momentum to Grow Sales, Revenue

Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF) is a pioneer in cannabis and hemp-derived product lines, strategically positioning itself to be among the top three multistate operators of these products within the American market. In late July of this year, the company released its Q1 2021 financial results in what Brand Rogers, RWB Chairman and CEO, described as “another great quarter for the company.” A recent article reads, “When making the announcement, Mr. Rogers also noted that the company would be building on the momentum from Q1, given how much traction it had received for its brand. More…

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