Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF), a multistate cannabis operator and house of premium brands, released a statement noting that its audit firm has not finished its financial statement for 2020; the deadline for the completion of the project was May 31, 2021. The audit firm, MNP LLP (“MNP”), was assigned to be RWBYF’s auditor in September 2020. RWBYF noted that the firm had informed the company that additional time would be needed in April. The additional time is required because of the complex transactions that have taken place as RWBYF has acquired companies as well as delays caused by COVID-19. RWBYF has submitted a request to extend the deadline with the BCSC and has received a Management Cease Trade Order; the new deadline is July 2, 2021. In conjunction with the extended deadline, RWBYF announced that MNP has recruited a second audit firm to assist in completing the audit; the company will be filing a change of auditor package with the securities commissions.
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About Red White & Bloom Brands Inc.
Red White & Bloom Brands is positioning itself to be one of the top-three, multistate cannabis operators active in the U.S. legal cannabis and hemp sector. RWB is predominantly focusing its investments on major U.S. markets, including Michigan, Illinois, Massachusetts, Arizona and California, with respect to cannabis, as well as 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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