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
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