Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF) has announced an update on the status of a management cease trade order (“MCTO”) granted on May 3, 2021; the order was granted on May 3, 2021, by the British Columbia Securities Commission. The announcement noted that on that day, RWB noted it would be delayed in the filing of its financial statements and accompanying management’s discussion and analysis for the FY 2020, for the period ended Dec. 31, 2020; the delay was beyond the period prescribed under applicable Canadian securities laws. The company intends to file the requisite reports and statements for Q1 2021 on or about June 2, 2021. According to the announcement, the public will be able to continue to trade in the company’s listed common shares; the company’s CEO and chief financial officer, however, will not. The company also noted that it will issue biweekly status reports until it completes the annual filing requirement.
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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 Florida, Illinois, California, Michigan, Oklahoma and Arizona, 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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