Sign In  |  Register  |  About Los Altos  |  Contact Us

Los Altos, CA
September 01, 2020 1:26pm
7-Day Forecast | Traffic
  • Search Hotels in Los Altos

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

InvestorNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Releases Q1 2023 Financial Report

Red White & Bloom (CSE: RWB) (OTCQX: RWBYF), a multistate cannabis operator and house of premium brands, announced that it has filed required reports for its first quarter 2023, the period ended March 31, 2023. Highlights of the report indicate the company reached $27 million revenue during the quarter and shipped 1 million units of its Platinum Vape during March, making March the first million-unit month for the company. In addition, revenue totaled $27 million, gross profit reached $9.4 million before fair-value adjustments and operating expenses came in at $10.9 million. Corporate highlights included the successful launch of PV’s new infused pre-roll SKU as well as the launch of PV product offerings in the adult-use Arizona market, including more than 12 flavor profiles of its Premium 510 Vapes and Disposable Vape products; the successful activation of the company’s fourth medical-use retail store in Florida, with plans for five more locations in the state; the appointment of Edoardo Mattei as the company’s new CFO; and approvals from Florida’s Office of Medical Marijuana Use for the rebranding of the company’s seed-to-sale, medical-use operations and cannabis product offerings in Florida as House of Platinum. In addition, the company entered into a debenture amending agreement with one lender that initially provides for an amendment to an existing $5,850,000 note for a change in principal with all other terms and conditions remaining the same; the company also entered into a secured debenture agreement with another lender to document Canadian dollar advances, maturing on Sept. 12, 2024.

To view the full press release, visit https://ibn.fm/IZZ8K

About Red White & Bloom Brands Inc.

Red White & Bloom is a multistate cannabis operator and house of premium brands in the U.S. legal cannabis sector. RWB is predominantly focusing its investments on the major U.S. markets, including Arizona, California, Florida, Massachusetts, Missouri and Michigan. For more information about the company, please visit www.RedWhiteBloom.com

NOTE TO INVESTORS: The latest news and updates relating to RWBYF are available in the company’s newsroom at https://ibn.fm/RWBYF

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.

As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
Editor@InvestorWire.com

InvestorWire is part of the InvestorBrandNetwork

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 LosAltos.com & California Media Partners, LLC. All rights reserved.