Red White & Bloom Brands Price, Forecast, Insider, Ratings, Fundamentals & Signals

Annual revenue for fiscal 2023 increases to $88.3 million gross profit for fiscal 2023 of $29.5 million, a $6.8 million, or 30%, increase from $22.7 million for fiscal 2022 1 adjusted ebitda 2 for fiscal 2023 increases to $5.5 million toronto, april 29, 2024 (globe newswire) -- red white & bloom brands inc. (cse: rwb) (“rwb” or the “company”) is pleased to report it has filed its consolidated audited financial statements (“the financial statements”), management's discussion and analysis (“md&a”), and associated certifications. the company will hold its annual general meeting (“agm”) on friday, june 14th, 2024.

Combined company forecast to generate c$140 million in distribution and retail annualized revenues  across north american and international sales channels expected to realize annualized operating cost and cash synergies in excess of c$12 million rwb and aleafia to service a combined 2,500+ retail locations in north america  and select distributors in emerging international markets toronto, jan. 15, 2024 (globe newswire) -- red white & bloom brands inc. (cse: rwb and otc: rwbyf) (“rwb”) is pleased to announce that, in connection with the proceedings of aleafia health inc. (“aleafia health”) and certain of its subsidiaries (collectively, the “aleafia group”) under the companies' creditors arrangement act (the “ccaa proceedings”), the parties have successfully closed the previously announced sale transaction (the “transaction”), as further described below...

Toronto, dec. 15, 2023 (globe newswire) -- red white & bloom brands inc. (cse: rwb and otc: rwbyf) (“rwb” or the “company”) is providing an update on matters relating to aleafia health inc. (“aleafia health”). following receipt of the approval and reverse vesting order from the ontario superior court of justice (commercial list) on october 31, 2023, rwb has continued to work with aleafia health and certain of aleafia health's subsidiaries to implement the transactions contemplated by the previously announced stalking horse asset purchase and share subscription agreement, as amended and restated on october 24, 2023 (the “amended stalking horse agreement”) among rwb, aleafia health and certain of aleafia health's subsidiaries.

Rwb files interim financial statements, management discussion and analysis and associated certifications for its third quarter ended september 30, 2023.

Toronto, nov. 22, 2023 (globe newswire) -- red white & bloom brands inc. (cse: rwb and otc: rwbyf) (“rwb” or the “company”) is providing an update on matters relating to aleafia health inc. (“aleafia health”). following receipt of the approval and reverse vesting order from the ontario superior court of justice (commercial list) on october 31, 2023, rwb has continued to work with aleafia health and certain subsidiaries of aleafia health to implement the transactions contemplated by the previously announced stalking horse asset purchase and share subscription agreement, as amended and restated on october 24, 2023 (the “amended stalking horse agreement”) among rwb, aleafia health and certain subsidiaries of aleafia health.

Red White & Bloom Brands Inc (CSE:RWB, OTCQX:RWBYF) finalized the $31.7 million acquisition of Canadian cannabis brand Aleafia Health Inc. (OTCQX:ALEAF), it said Monday. The deal for Aleafia and its subsidiaries opens new avenues for RWB, the company said in a statement.

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There were some highs and lows in the cannabis space this week, depending on what's in your portfolio. On Wednesday, news broke that US multistate operator Red White & Bloom Brands and distressed operator Aleafia Health plan to merge, which would result in a combined company expected to generate C$138 million in trailing distribution and retail revenue from the cannabis markets in Canada, the United States, and Europe.

Cannabis companies Red White & Bloom Brands Inc (CSE:RWB, OTCQX:RWBYF) and Aleafia Health Inc have announced plans to merge. The proposed acquisition would result in the creation of a combined company expected to generate C$138 million in trailing distribution and retail revenue from the cannabis markets in Canada, the United States, and Europe.

Do you intend to invest in the top US marijuana stocks in 2023? In general, more cannabis market growth in the United States is expected in 2023. As more states legalize cannabis for medical and recreational purposes, there will most likely be more growth in the United States. As competition heats up, established businesses will aim to expand their market share.