Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF), a multistate cannabis operator and house of premium brands, today announced that it has completed a refinancing of an aggregate principal amount of US $18,620,000 debentures (plus accrued interest to Sept. 1, 2021) previously issued to an arm’s-length investor (collectively, the “prior debentures”). According to the update, the prior debentures were replaced with a new debenture in the principal amount of US $19,370,020. The unsecured new debenture bears interest at the rate of 10% per annum, which accrues and is payable on the maturity date of Jan. 21, 2023, and is payable in full on a change of control.
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About Red White & Bloom Brands Inc.
The company 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 the major U.S. markets, including Michigan, Illinois, Florida, Massachusetts, Arizona and California with respect to cannabis, and the U.S. and internationally for hemp-based CBD products. For more information about the company, visit www.RedWhiteBloom.com.
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