Red White & Bloom (CSE: RWB) (OTCQX: RWBYF), a multistate cannabis operator and house of premium brands, has provided a status update on the management cease trade order (“MCTO”) issued by the British Columbia Securities Commission; the MCTO was effective on May 3, 2022, under the National Policy 12-203. The MCTO was issued because RWBYF announced that there would be a delay in the filing of its financial statements and other required documents for fiscal year 2021. According to the status update, the audit is progressing and the company anticipates providing an additional update regarding its annual filings around June 14, 2022. The updated also noted that the Company is making progress on the completion of its interim financial statements and other required documents, including the management’s discussion and analysis for the first quarter ended March 31, 2022. In addition, the company noted that there are no material changes to the information contained in the previously released default announcement. The company intends to continue to satisfy the provisions of NP 12- 203, including the issuance of biweekly default status reports, until it files the required documents for its annual filing.
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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 and hemp sector. RWB is predominantly focusing its investments on the major U.S. markets, including Arizona, California, Florida, Illinois, Massachusetts and Michigan with respect to cannabis, and the United States and internationally for hemp-based CBD products. For more information about the company, please visit www.RedWhiteBloom.com.
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