Red White & Bloom Brands Inc. RWBYF Archives - Page 8 of 9

MondayJun 07, 2021 10:51 am

QualityStocksNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Completes $44.5M in Financial Transactions, Retires $7.7M in Debt

Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF), a multistate cannabis operator and house of premium brands, has finalized financial transactions resulting in a net cash infusion for the company of $36.8 million. The transactions provide full funding for the company’s initial budget for its expansion into Florida as well as its upcoming branding and expansion strategy into Michigan; the transactions also provide funding for the company to pay off an estimated $7.7 million in debt. The transactions included the closing of a nonbrokered private placement of 8,445,426 units offered at a price of C$1.15 per unit and the…

WednesdayJun 02, 2021 11:20 am

QualityStocksNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Releases Select Q1 2021 Operating Highlights

Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF), a multistate cannabis operator and house of premium brands, is reporting some business highlights for Q1 2021 and 2020 fiscal year. Those highlights include adjusted sales for the first quarter 2021 totaling an estimated C$32.2 million, which is a sequential increase of 2.4% from Q4 2020’s adjusted sales of $31.4 million. The company also achieved positive adjusted EBITDA of C$460,000 for Q1 2021. The company noted that these numbers do not include RWB Michigan, whose assets are currently being migrated to RWB; RWB Florida, which closed on April 28, 2021; or RWB…

TuesdayJun 01, 2021 10:04 am

QualityStocksNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Releases Update Regarding 2020 Audit

Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF), a multistate cannabis operator and house of premium brands, released a statement noting that its audit firm has not finished its financial statement for 2020; the deadline for the completion of the project was May 31, 2021. The audit firm, MNP LLP (“MNP”), was assigned to be RWBYF’s auditor in September 2020. RWBYF noted that the firm had informed the company that additional time would be needed in April. The additional time is required because of the complex transactions that have taken place as RWBYF has acquired companies as well as…

ThursdayMay 27, 2021 1:29 pm

QualityStocksNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Completes Pre-Qualification for Entry into Michigan Market

Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF) today announced that it has completed the more comprehensive portion of Michigan’s two-step application process for marijuana licensing through a wholly owned operating subsidiary, RWB Michigan LLC. The Marijuana Regulatory Agency (“MRA”) pre-qualification represents authorization of the company to proceed with its full operational strategy in the state and complete the licensing process for its intended facilities. All application materials, background checks and payment of the application fees have been completed as part of the first step, which is pre-qualification. “Michigan has been one of the highest bars of entry to any…

TuesdayMay 25, 2021 1:35 pm

QualityStocksNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Unveils High Times THC Products Across Michigan

Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF) has launched its High Times-branded THC products at 23 dispensaries, or provisioning centers, across Michigan. The company reported its overall sell-through rate for wholesale customers after the first two weeks surpassed 60%. Red White & Bloom Brands noted that in June, it will launch the second line of the brand, which includes vapes, concentrates and edibles; those products will be available to an expanded wholesale network of dispensaries. The announcement also noted that RWBYF is planning continued limited product drops and collaborations throughout the brand kick-off campaign. The High Times products…

MondayMay 24, 2021 10:47 am

Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Acquires Acreage Holdings Florida Operations

Completed acquisition of Acreage Florida, Inc and related owned and leased real estate assets Licensed to operate 35 dispensaries, a processing facility and a cultivation facility in Florida Florida cannabis market is poised for tremendous growth and it is forecasted to be a top 5 State by the year 2025 Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF), the torchbearer for a new, higher standard in the American cannabis industry, has announced its new subsidiary RWB Florida LLC, has completed the acquisition of Acreage Florida, Inc. and the related owned and leased real estate assets (https://ibn.fm/aUG1Q). This deal includes…

FridayMay 21, 2021 11:19 am

QualityStocksNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Announces Shareholder Approval of Deferred Conversion Date of Preferred Shares

Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF) today announced the results of the special meeting of the holders of common shares and the Series 2 convertible preferred shares and a class meeting of the holders of the Series 2 convertible preferred shares. At the meeting, shareholders representing 99.62% of the votes cast attached to the common shares and the Series 2 preferred convertible shares, as well as 98.44% of the votes cast attached to the series 2 convertible preferred shares, voted to approve a special resolution authorizing the company to alter its articles to, in effect, change the…

ThursdayMay 20, 2021 9:15 am

Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Is Mobilizing 30 Turn-Key Grow Pods to Provide Florida With Premium Cannabis

Florida is the third-largest market by revenue in the US, bringing in over $1.2 billion in 2020 for medical cannabis Once the acquisition of Acreage Holdings is finalized, RWB will mobilize 30 turn-key grow pods for cultivation RWB acquired licenses to open 35 dispensaries in Florida, a limited license state, more than doubling the current number there Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF), a super state operator of American Cannabis, targets individual states in the United States, dominating one state before expanding into another. The company’s commitment exceeds the requirements of each state in which it operates.…

TuesdayMay 18, 2021 10:00 am

QualityStocksNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Releases Update on Management Cease Trade Order

Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF) has announced an update on the status of a management cease trade order (“MCTO”) granted on May 3, 2021; the order was granted on May 3, 2021, by the British Columbia Securities Commission. The announcement noted that on that day, RWB noted it would be delayed in the filing of its financial statements and accompanying management’s discussion and analysis for the FY 2020, for the period ended Dec. 31, 2020; the delay was beyond the period prescribed under applicable Canadian securities laws. The company intends to file the requisite reports and statements…

MondayMay 10, 2021 1:37 pm

QualityStocksNewsBreaks – Why Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Is ‘One to Watch’

Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF), a torchbearer blazing a new frontier in American cannabis, adheres to the highest ethical, manufacturing, educational, branding and employment standards available in the industry. “Red White & Bloom is a super state operator, leveraging a sizable footprint to dominate the areas in which it operates. CEO Brad Rogers and other management members have seen the struggles of multistate operators who have spread themselves too thin, which is why Red White & Bloom is intent on dominating each state it enters before expanding further,” reads a recent article about the company. “Red…

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