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Red White & Bloom Brands ( (TSE:RWB) ) has shared an announcement.
Red White & Bloom Brands Inc. has completed a significant restructuring of approximately C$145 million in debt, aiming to reduce shareholder dilution and lower debt costs. This restructuring extends debt maturity dates and defers payments, resulting in principal reductions and interest savings. Additionally, the company announced a delay in filing its annual financial statements due to expanded audit procedures and has been granted a Management Cease Trade Order (MCTO), which restricts trading by key executives until filings are complete. The company is working to resolve these issues and expects to file by May 30, 2025.
More about Red White & Bloom Brands
Red White & Bloom Brands is a multi-jurisdictional cannabis operator and house of premium brands operating in the United States, Canada, and select international jurisdictions. The company focuses its investments on major U.S. markets, including California, Florida, Missouri, Michigan, and Ohio, in addition to Canadian and international markets.
Average Trading Volume: 20,837
Technical Sentiment Signal: Buy
Current Market Cap: $17.01M
See more insights into RWB stock on TipRanks’ Stock Analysis page.