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Red White & Bloom Reports First Quarter 2024 Financial Results

Retrieved on:

Donnerstag, Mai 30, 2024

ECC, Automation, Conversation, RWB, Sale, SKU, Transaction, Stock, Acquisition, Depreciation, Corporate title, Adjustment, Comment, Annual general meeting

TORONTO, May 30, 2024 (GLOBE NEWSWIRE) -- Red White & Bloom Brands Inc. (CSE: RWB) (“RWB” or the “Company”) is pleased to report it has filed its Condensed Interim Consolidated Financial Statements (“the Financial Statements”), Management's Discussion and Analysis (“MD&A”), and associated certifications for its first quarter ended March 31, 2024.

Key Points:

TORONTO, May 30, 2024 (GLOBE NEWSWIRE) -- Red White & Bloom Brands Inc. (CSE: RWB) (“RWB” or the “Company”) is pleased to report it has filed its Condensed Interim Consolidated Financial Statements (“the Financial Statements”), Management's Discussion and Analysis (“MD&A”), and associated certifications for its first quarter ended March 31, 2024.
As a reminder to all of its shareholders, the Company will hold its Annual General Meeting (“AGM”) on Friday, June 14th, 2024.
Colby De Zen, President, stated, “After significant efforts, the Aleafia transaction was successfully closed in mid-January 2024.
The following is a condensed summary of the Company’s results from operations for 2024-Q1, and restated 2023-Q1

Tusima and Japan's Largest Aggregated Payment Platform Netstars Reached A Strategic Cooperation in the Offline Consumer Points Field

Retrieved on:

Freitag, Mai 10, 2024

TPS, Web 3.0, PayPal, WeChat Pay, JPY, L1, RWB, Ultra, DA, DAC, Commercial software, ZK, IPFS, TSM, Web 2.0, TDO, Cryptocurrency

Founded in 2009, Netstars is an aggregated payment platform in Japan dedicated to advancing the cashless society through technological means.

Key Points:

Founded in 2009, Netstars is an aggregated payment platform in Japan dedicated to advancing the cashless society through technological means.
On September 26, 2023, Netstars was listed on the TokyoStockExchange Growth Market (Stock code: 5590) https://www.netstars.co.jp/news/7083/
In 2023, Tusima and Netstars began to expand the on-chain business.
Netstars put all payment data on the Tusima network for backup storage.
As of March 2024, Tusima network has stored Netstars's 219 million transactions, involving a transaction volume of 484.1 billion JPY.

Red White & Bloom Brands Transitions to International Cannabis Company Through Closing of Aleafia Transaction

Retrieved on:

Montag, Januar 15, 2024

ECC, Hand, Corporation, Sale, Practitioner, Monitor, Transaction, CFO, Basalt, Marketing, RWB, Physician, Divvy, Approval, Acquisition, Patient, Health, OTC, Rationalization, CCAA, Security (finance)

TORONTO, Jan. 15, 2024 (GLOBE NEWSWIRE) -- Red White & Bloom Brands Inc. (CSE: RWB and OTC: RWBYF) (“RWB”) is pleased to announce that, in connection with the proceedings of Aleafia Health Inc. (“Aleafia Health”) and certain of its subsidiaries (collectively, the “Aleafia Group”) under the Companies’ Creditors Arrangement Act (the “CCAA Proceedings”), the parties have successfully closed the previously announced sale transaction (the “Transaction”), as further described below.

Key Points:

“The accretive nature of the Transaction has been evident to RWB management since the inception of the relationship with the Aleafia group of companies.
With the closing behind us, the combined, dedicated RWB and Aleafia teams are focused on delivering accessible synergies focused within sales, production, procurement, and marketing."
One of Canada’s largest virtual medical cannabis clinics that provides quality cannabis products to patient subscribers in a convenient and low-cost setting.
An established portfolio of loyal cannabis brands in both adult use (recreational) and medical channels.

Red White & Bloom Extends Outside Date of Aleafia Transaction as it Awaits Regulatory Approval

Retrieved on:

Freitag, Dezember 15, 2023

OTC, Amend, Health Canada, RWB

TORONTO, Dec. 15, 2023 (GLOBE NEWSWIRE) -- Red White & Bloom Brands Inc. (CSE: RWB and OTC: RWBYF) (“RWB” or the “Company”) is providing an update on matters relating to Aleafia Health Inc. (“Aleafia Health”).

Key Points:

TORONTO, Dec. 15, 2023 (GLOBE NEWSWIRE) -- Red White & Bloom Brands Inc. (CSE: RWB and OTC: RWBYF) (“RWB” or the “Company”) is providing an update on matters relating to Aleafia Health Inc. (“Aleafia Health”).
At this time, the only unsatisfied material closing condition known to RWB is the receipt of change of control regulatory approval from Health Canada.
RWB is hopeful to receive Health Canada’s approval sooner so that completion of the transactions can take place well in advance of the new outside date.
RWB remains prepared to close the transaction in short order once regulatory approval on the change of control is received from Health Canada.

Red White & Bloom Reports Results for the Three and Nine Months Ended September 30, 2023

Retrieved on:

Mittwoch, November 29, 2023

Partnership, Amend, Party, OTCQX, Acquisition, Platinum, Adjustment, RWB, Investment, Growth, Automation, Beauty salon

Revenues were $20.1 million for the quarter ended September 30, 2023 (“2023-Q3”) and $69.1 million for the first nine months of fiscal 2023 (“2023-YTD”).

Key Points:

Revenues were $20.1 million for the quarter ended September 30, 2023 (“2023-Q3”) and $69.1 million for the first nine months of fiscal 2023 (“2023-YTD”).
Gross profit for 2023-YTD was $21.1 million or 31% of 2023-YTD revenues compared to gross profit of $20.8 million or 26% of 2022-YTD.
Operating expenses were $8.4 million for 2023-Q3, a decrease of $1.6 million compared to 2022-Q3 operating expenses of $10.0 million.
Operating expenses were $29.1 million for 2023-YTD, a decrease of $5.5 million compared to 2022-YTD operating expenses of $34.6 million.

Red White & Bloom Provides Update Relating to Aleafia Health

Retrieved on:

Mittwoch, November 22, 2023

OTC, Amend, RWB

TORONTO, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Red White & Bloom Brands Inc. (CSE: RWB and OTC: RWBYF) (“RWB” or the “Company”) is providing an update on matters relating to Aleafia Health Inc. (“Aleafia Health”).

Key Points:

TORONTO, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Red White & Bloom Brands Inc. (CSE: RWB and OTC: RWBYF) (“RWB” or the “Company”) is providing an update on matters relating to Aleafia Health Inc. (“Aleafia Health”).
Following receipt of the approval and reverse vesting order from the Ontario Superior Court of Justice (Commercial List) on October 31, 2023, RWB has continued to work with Aleafia Health and certain subsidiaries of Aleafia Health to implement the transactions contemplated by the previously announced stalking horse asset purchase and share subscription agreement, as amended and restated on October 24, 2023 (the “Amended Stalking Horse Agreement”) among RWB, Aleafia Health and certain subsidiaries of Aleafia Health.
As of November 22, 2023, the parties to the Amended Stalking Horse Agreement have satisfied substantially all of the conditions to closing set forth in the Amended Stalking Horse Agreement.
The parties are continuing to collaboratively pursue, with the applicable government authorities, the remaining conditions required to obtain the required regulatory approvals.

Red White & Bloom Launches Platinum® in Ohio Following Successful Vote for Adult-Use Marijuana Legalization

Retrieved on:

Donnerstag, November 9, 2023

Asset purchase agreement, Sale, RWB, OTC, News, Asset, CSE, Partnership, Drug, Platinum

Colby De Zen, President of RWB, expressed enthusiasm about the Company’s recent entry into Ohio.

Key Points:

Colby De Zen, President of RWB, expressed enthusiasm about the Company’s recent entry into Ohio.
“RWB takes great pride in expanding its presence in emerging adult-use markets in the United States.
The launch of Platinum vape products in Ohio aligns seamlessly with the state's evolving cannabis landscape.
The "yes" vote in Ohio means people aged 21 and over in the state will be able to use, grow or sell marijuana under a regulation-and-tax program imposed by the state.

Red White & Bloom Provides Update Relating to Aleafia Health and Other Corporate Matters

Retrieved on:

Dienstag, Oktober 31, 2023

Asset purchase agreement, Sale, RWB, DIP, Approval, OTC, Health Canada, News, Court, Ontario Superior Court of Justice, Asset, CSE, Amend, Canadian Securities Exchange, CCAA, Holding company

TORONTO, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Red White & Bloom Brands Inc. (CSE: RWB and OTC: RWBYF) (“RWB” or the “Company”) is providing an update on matters relating to Aleafia Health Inc. (“Aleafia Health”) and other corporate matters.

Key Points:

TORONTO, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Red White & Bloom Brands Inc. (CSE: RWB and OTC: RWBYF) (“RWB” or the “Company”) is providing an update on matters relating to Aleafia Health Inc. (“Aleafia Health”) and other corporate matters.
The Approval and Vesting Order approves the implementation of the transactions contemplated by the Amended Stalking Horse Agreement, whereby a wholly-owned subsidiary of RWB would subscribe for shares of the Aleafia Purchased Entities and acquire specific intellectual property owned, licensed or leased by Aleafia Health.
Certain excluded assets and liabilities of the Aleafia Purchased Entities would be transferred to one or more corporations that would not be included among the Aleafia Purchased Entities at closing.
RWB’s subsidiary would be the sole shareholder of the Aleafia Purchased Entities following closing.

Canada's Royal Winnipeg Ballet Welcomes New Executive Director, Elena Tupyseva

Retrieved on:

Donnerstag, Oktober 19, 2023

WINNIPEG, MB, Oct. 19, 2023 /CNW/ - The board of directors for Canada's Royal Winnipeg Ballet (RWB) is pleased to announce the appointment of Elena Tupyseva (she/her) as the new Executive Director, effective November 6, 2023.

Key Points:

WINNIPEG, MB, Oct. 19, 2023 /CNW/ - The board of directors for Canada's Royal Winnipeg Ballet (RWB) is pleased to announce the appointment of Elena Tupyseva (she/her) as the new Executive Director, effective November 6, 2023.
"We are thrilled Elena is becoming part of the RWB community," said John Osler, chair of the board of directors.
"What the Royal Winnipeg Ballet has created and accomplished over the past 83 years is extraordinary.
Freelance Choreographer /Artistic Director Cie. La Ronde Switzerland
"I am thrilled to learn of the appointment of Elena Tupyseva as the new Executive Director of the esteemed Royal Winnipeg Ballet.

Red White & Bloom Provides Update Relating to Aleafia Health

Retrieved on:

Donnerstag, Oktober 12, 2023

OTC, RWB, Court, Ontario Superior Court of Justice, CSE, CCAA, Companies' Creditors Arrangement Act, Sale

TORONTO, Oct. 12, 2023 (GLOBE NEWSWIRE) -- Red White & Bloom Brands Inc. (CSE: RWB and OTC: RWBYF) (“RWB” or the “Company”) is providing an update on matters relating to Aleafia Health Inc. (“Aleafia Health”).

Key Points:

TORONTO, Oct. 12, 2023 (GLOBE NEWSWIRE) -- Red White & Bloom Brands Inc. (CSE: RWB and OTC: RWBYF) (“RWB” or the “Company”) is providing an update on matters relating to Aleafia Health Inc. (“Aleafia Health”).
As previously disclosed, the Stalking Horse Agreement provides for a reverse vesting transaction whereby a wholly-owned subsidiary of RWB would subscribe for shares of certain of Aleafia Health’s subsidiaries (collectively, the “Aleafia Purchased Entities”) and acquire specific intellectual property owned, licensed or leased by Aleafia Health.
Certain excluded assets and liabilities of the Aleafia Purchased Entities would be transferred to one or more corporations that would not be included among the Aleafia Purchased Entities at closing.
RWB’s subsidiary would be the sole shareholder of the Aleafia Purchased Entities following closing.