Red White & Bloom Brands Reports Debt Settlement Success
Red White & Bloom Brands Inc. (CSE: RWB) has made a substantial move to enhance its financial standing by issuing 375,000 common shares priced at $0.035 each. This strategic decision was taken to settle outstanding obligations owed to a former consultant for services rendered.
Details on the Debt Settlement
The issued securities will be accompanied by a statutory hold period of four months and one day, adhering to the necessary securities laws. This measure reflects the company’s commitment to complying with regulatory requirements while managing its financial obligations responsibly.
About Red White & Bloom Brands
Red White & Bloom is a prominent multi-state cannabis operator renowned for its premium product offerings across the United States, Canada, and select international markets. The company focuses on core U.S. markets, including the lucrative states of California, Florida, Missouri, and Michigan, while also exploring emerging international markets for potential growth.
Investor and Media Relations Contact
For inquiries regarding investments and media relations, interested parties can reach out to Edoardo Mattei, CFO of Red White & Bloom Brands Inc. at 947-225-0503 or via email at IR@RedWhiteBloom.com.
Social Media Presence
Stay connected with Red White & Bloom Brands for the latest updates and information. Follow them on Twitter @rwbbrands, Facebook @redwhitebloombrands, and Instagram @redwhitebloombrands.
Frequently Asked Questions
What was the purpose of issuing the 375,000 shares?
The shares were issued to settle outstanding obligations with a former consultant for past services provided.
What is the significance of the statutory hold period?
The statutory hold period of four months and one day is a regulatory requirement that dictates when the issued shares can be traded.
What markets does Red White & Bloom operate in?
Red White & Bloom operates in major U.S. markets such as California, Florida, Missouri, and Michigan, as well as in Canada and other international locations.
Who should I contact for investor relations inquiries?
You can contact Edoardo Mattei, the CFO, at 947-225-0503 or at IR@RedWhiteBloom.com for investor relations inquiries.
How can I follow Red White & Bloom on social media?
You can follow Red White & Bloom on Twitter, Facebook, and Instagram by checking their respective handles: @rwbbrands, @redwhitebloombrands.
