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Red White & Bloom To Acquire Beleaguered Canadian Cannabis Operator Aleafia
Wednesday, June 7, 2023 - 7:59pm | 388Red White & Bloom Brands Inc. (OTCEM: RWBYF) and Aleafia Health Inc. (OTCQB: ALEAF) have entered into a binding letter agreement whereby Red White & Bloom (RWB) will acquire Aleafia and its subsidiaries in a share-exchange agreement. RWB will provide a $17.5 million credit...
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Red White & Bloom FY22 Revenue Grows 161.6%, Here Is What You Need To Know
Tuesday, May 16, 2023 - 8:12am | 555Red White & Bloom Brands Inc. (OTCEM:RWBYF) (CSE:RWB) filed its consolidated audited financial statements, revealing revenue of CA$97.5 million ($72.4 million) for fiscal year 2022, an increase of 161.6% compared to CA$37.3 million in fiscal year 2021. The company has also provided notice to...
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Red White & Bloom Brands Q2 Revenue Grows 225% YoY, What About Profit?
Wednesday, August 31, 2022 - 7:52am | 427Red White & Bloom Brands Inc. (OTCQX: RWBYF) (CSE:RWB) Q2 2022 revenue increased 225% to CA$27.4 million ($20.9 milllion), compared to CA$12.2 million in Q2 2021. Q2 2022 Financial Highlights Gross profit was CA$3.4 million, an unfavorable decrease of 50% compared to CA$6.8 million in Q2 2021...
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Red White & Bloom Posts Record Revenue In Q1, Set To Achieve Positive EBITDA By End Of FY
Tuesday, August 2, 2022 - 11:27am | 653Red White & Bloom Brands Inc. (OTC: RWBYF) reported on Tuesday a record revenue from continuing operations of CA$28 million ($21.85 milliom) in the first quarter of 2022. For the year ended December 31, the company generated CA$37.3 million in revenue, up by 193% year-over-year. “With the...
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Red White & Bloom Eliminates $115 Million In Liabilities, Sells Granville, Illinois Property To New Branches
Thursday, April 21, 2022 - 3:00pm | 661Red White & Bloom Brands Inc. (CSE:RWB) (OTC: RWBYF) announced a series of transaction and operational decisions to strengthen the balance sheet and provide significant operational cost reductions in 2022, including closing the sale of its Granville, Illinois property to New Branches, LLC, and...
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Red White & Bloom Debuts Platinum Vape Live Resin In Michigan
Thursday, March 31, 2022 - 10:05am | 345Red White & Bloom Brands Inc. (CSE: RWB) (OTC: RWBYF) and its RWB Michigan, LLC wholly owned subsidiary announced the debut of Platinum Vape (PV) Live Resin in Michigan. Previously only available in California and Oklahoma, PV Live Resin will soon be in the nearly 400 Michigan dispensaries that...
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Red White & Bloom Closes On PharmaCo Acquisition
Tuesday, February 8, 2022 - 12:07pm | 475Red White & Bloom Brands Inc. (CSE: RWB) (OTC: RWBYF) a multi-state cannabis operator, announced it has received all regulatory approvals and has closed its acquisition of PharmaCo, Inc. via RWB Michigan, LLC, the Company’s wholly-owned subsidiary, in an all-stock transaction. “I...
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BREAKING: Red White & Bloom Launches Cannabis Operations At Michigan Facility, Platinum Vapes Available In 400+ Shops
Tuesday, January 18, 2022 - 8:00am | 533Cannabis operator Red White & Bloom (CSE: RWB) (OTC: RWBYF) has launched operations at its 15,000 square foot manufacturing, processing and distribution facility in Warren, Michigan. What Happened The Toronto-based company said Tuesday that it has closed on a lease assignment for the...
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Avicanna Debuts CBD Derma-Cosmetics Pura H&W In US Via Deal With Red White & Bloom
Wednesday, December 22, 2021 - 10:34am | 748Cannabis-focused biopharmaceutical company Avicanna Inc. (TSX: AVCN) (OTCQX: AVCNF) (FSE: 0NN) announced on Wednesday the US launch and commercialization of its proprietary and clinically backed derma-cosmetics brand, Pura H&W. Pura H&W's product line will hit shelves through an...
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Red White & Bloom Shares Plummet On Q3 93% YoY Revenue Growth
Tuesday, November 30, 2021 - 12:50pm | 617Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) posted its third-quarter financial results Tuesday with 93% year-over-year revenue growth to CA$11.8 million ($9.22 million). Q3 2021 Financial Summary EBITDA was a gain of CA$5.9 million, compared to an EBITDA loss of CA$5.8...
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Cannabis Movers & Shakers: Urban-Gro, MediPharm Labs, RWB, Isracann Biosciences, MedMen
Monday, October 25, 2021 - 12:48pm | 1112Former Crop One and Sensei Ag CEO Sonia Lo Joins Urban-Gro’s Board Of Directors Urban-gro, Inc. (NASDAQ: UGRO) announced Thursday that Sonia Lo agreed to join the company’s board of directors. Lo has more than two decades of combined agriculture, technology, and business experience...
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Red White & Bloom Preferred Stock Shareholders To Lock-Up Over 50 Million Preferred Shares
Monday, October 25, 2021 - 10:18am | 476Cannabis company Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) announced Monday that its certain shareholders, representing over 50 million RWB Series II Preferred Shares, have agreed to a non-conversion lock-up period for their preferred shares for a six months term. The term expires...
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Red White & Bloom Completes Platinum Vape Management Transition, Reduces $12.5M of Liabilities
Monday, October 18, 2021 - 10:58am | 630Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) announced Monday it has completed an agreement for the transition of the management at its Platinum Vape, LLC acquisition and group of companies, had settled all additional PV acquisition purchase price consideration and redeemed...
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Red White & Bloom Brands Launches Grow Operations, Obtains Grow License At Apopka Greenhouse
Tuesday, October 12, 2021 - 10:20am | 414Cannabis company Red White & Bloom Brands Inc. (CSE: RWB) (OTC: RWBYF) announced on Tuesday that it has initiated phase one of an aggressive three-phase development strategy for its two cultivation centers in Florida. The Toronto and Apopka-based company plans to ensure it’s...
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Red White & Bloom Florida Facility Ready To Produce Edibles
Friday, September 10, 2021 - 9:14am | 519Red White & Bloom Brands Inc. (CSE: RWB ) (OTCQX: RWBYF) confirmed Thursday it has built out a new production facility, to GMP specifications, in Florida. The new production facility, constructed within a 4,800 square foot standalone structure at RWB Florida’s...