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Red White & Bloom Brands Inc. - RWBYF STOCK NEWS

Welcome to our dedicated news page for Red White & Bloom Brands (Ticker: RWBYF), a resource for investors and traders seeking the latest updates and insights on Red White & Bloom Brands.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Red White & Bloom Brands's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Red White & Bloom Brands's position in the market.

News
Red White & Bloom Brands Transitions to International Cannabis Company Through Closing of Aleafia Transaction
Rhea-AI Summary
Red White & Bloom Brands Inc. (RWB) has successfully closed the acquisition of Aleafia Health Inc., generating C$140 million in annual revenues and C$12 million in cost synergies. The combined company will service over 2,500 retail locations in North America and international markets. The acquisition provides strategic benefits, including access to three core sales channels, virtual medical cannabis clinics, and large cultivation facilities. It is expected to be accretive on an EBITDA basis in fiscal 2024.
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Red White & Bloom Extends Outside Date of Aleafia Transaction as it Awaits Regulatory Approval
Rhea-AI Summary
Red White & Bloom Brands Inc. (CSE: RWB and OTC: RWBYF) provides an update on its ongoing transactions with Aleafia Health Inc. The Ontario Superior Court of Justice has approved the reverse vesting order, and RWB is working to implement the transactions as soon as possible. The only remaining condition is the receipt of change of control regulatory approval from Health Canada. The outside date in the Amended Stalking Horse Agreement has been extended to January 19, 2024, to accommodate the approval process.
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Red White & Bloom Reports Results for the Three and Nine Months Ended September 30, 2023
Rhea-AI Summary
Red White & Bloom Brands Inc. (RWB) has filed its Condensed Interim Consolidated Unaudited Financial Statements, Management Discussion and Analysis for the third quarter ended September 30, 2023. The company reported $20.1 million in revenues for Q3, with a gross profit of $7.9 million. Operating expenses saw a decrease, and adjusted EBITDA for Q3 was $1.6 million. The company is focusing on expanding its premium product line and entering new markets, with a pending acquisition that positions RWB as a leading international cannabis company in 2024.
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Red White & Bloom Provides Update Relating to Aleafia Health
Rhea-AI Summary
Red White & Bloom Brands Inc. (RWB) provides an update on its collaboration with Aleafia Health Inc., including the extension of the outside date for closing the transactions contemplated under the Amended Stalking Horse Agreement to December 15, 2023.
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Red White & Bloom Launches Platinum® in Ohio Following Successful Vote for Adult-Use Marijuana Legalization
Rhea-AI Summary
Red White & Bloom Brands Inc. (CSE: RWB and OTC: RWBYF) has announced its entry into the Ohio cannabis market through a strategic partnership with a vertically integrated distributor, expanding its reach to over ninety licensed retail locations. The partnership will allow RWB to introduce its Platinum Vape products to the Ohio market, capitalizing on the state's rapidly growing cannabis industry.
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Red White & Bloom Provides Update Relating to Aleafia Health and Other Corporate Matters
Rhea-AI Summary
Red White & Bloom Brands Inc. (RWB) announces that the Ontario Superior Court of Justice has granted approval for the Amended Stalking Horse Agreement under the Aleafia CCAA Proceedings. The agreement allows a wholly-owned subsidiary of RWB to acquire shares of Aleafia Health and specific intellectual property. The court also approved amendments to the debtor-in-possession term sheet, increasing the financing available to the Aleafia Group and extending the stay period in the proceedings. The transactions are expected to close by November 22, 2023.
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-35%
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Red White & Bloom Provides Update Relating to Aleafia Health
Rhea-AI Summary
RWB selected as successful bidder in Aleafia Health's CCAA sale process
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Red White & Bloom Reports Results for the Three and Six Months Ended June 30, 2023
Rhea-AI Summary
Red White & Bloom Brands Inc. reports Q2 financials, with revenues of $21.9 million and gross profit of $6.9 million. Adjusted EBITDA was $0.3 million for Q2 and $1.0 million for the first six months. The company is focused on expanding its product offerings and reducing expenses. Construction has begun on a new retail location in South Beach, Florida.
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Red White & Bloom Provides Update Relating to Aleafia Health
Rhea-AI Summary
Court approves RWB’s Stalking Horse Bid for purposes of Aleafia Health’s CCAA Sale and Investment Solicitation Process
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Red White & Bloom Provides Update on Existing Aleafia Health Secured Loan and Announces New Debtor-in-Possession Financing for Aleafia Health
Rhea-AI Summary
Red White & Bloom Brands Inc. (CSE: RWB and OTC: RWBYF) provides an update on Aleafia Health Inc.'s indebtedness and the Ontario Superior Court of Justice's approval of debtor-in-possession financing. The update includes details of the DIP Financing and the termination of the Proposed Transaction between RWB and Aleafia.
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13.71M
432.30M
7.93%
0.07%
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