InvestorNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTC: RWBYF) Issues Update on CTO and Filing of Periodic Disclosures
Red White & Bloom (CSE: RWB) (OTC: RWBYF) today announced that it has been issued a Cease Trade Order (“CTO”) by the British Columbia Securities Commission due to having not filed periodic disclosure documents by the applicable filing deadlines. According to the announcement, the delay is due to the complexity of acquisition and disposition transactions resulting in Red White & Bloom and its auditors not having adequate time and resources available to complete the audit in the allotted timeframe. The company is collaborating with its auditor, Macias Gini & O’Connell LLP, to complete the audit and issue the disclosures by end-of-day on May 9, 2023. The company continues to operate normally and reports that the cause of the delay is not material to its operations.
To view the full press release, visit https://ibn.fm/zxh2K
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, 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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