NetworkNewsBreaks – Red White & Bloom Brands Inc
Post# of 176
(Total Views: 212)
Posted On: 12/30/2021 3:20:58 PM
NetworkNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Settles Debt, Completes Refinance, Grants Stock and Options
Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF), a multistate cannabis operator and house of premium brands, has issued 6,784,812 shares to settle a CAD$5.1 million (US$4.0 million) debt. By settling the debt at a favorable conversion price (approximately CAD$0.75 or US $0.56 per share), RWB will realize an accounting gain of approximately CAD$2.3 million (US$1.8 million). Further to its April 28 press release, RWB has refinanced the CAD$12.8 million (U.S.$10 million) principal amount of its “Seven month” vendor take-back note issued to High Street Capital Partners LLC, in connection with RWB Florida LLC’s acquisition of all of the issued and outstanding shares of Acreage Florida Inc. In addition, on Dec. 21, 2021, RWB granted 500,000 stock options to a member of the board of directors at the price of CAD$0.40 (US$0.31) and 135,000 restricted share units (“RSUs”) to a subcontractor for services at a deemed price of CAD$1.00. The shares will vest in one year and the RSUs vest on issuance.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF), a multistate cannabis operator and house of premium brands, has issued 6,784,812 shares to settle a CAD$5.1 million (US$4.0 million) debt. By settling the debt at a favorable conversion price (approximately CAD$0.75 or US $0.56 per share), RWB will realize an accounting gain of approximately CAD$2.3 million (US$1.8 million). Further to its April 28 press release, RWB has refinanced the CAD$12.8 million (U.S.$10 million) principal amount of its “Seven month” vendor take-back note issued to High Street Capital Partners LLC, in connection with RWB Florida LLC’s acquisition of all of the issued and outstanding shares of Acreage Florida Inc. In addition, on Dec. 21, 2021, RWB granted 500,000 stock options to a member of the board of directors at the price of CAD$0.40 (US$0.31) and 135,000 restricted share units (“RSUs”) to a subcontractor for services at a deemed price of CAD$1.00. The shares will vest in one year and the RSUs vest on issuance.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
(0)
(0)Red White & Bloom Brands Inc. (RWBYF) Stock Research Links
Scroll down for more posts ▼