Red White & Bloom Settles CAD$5.1 Million Debt, Refinances CAD$12.8 Million Acreage Florida Acquisition Note, Grants Stock & Options

Red White&Bloom解决了510万加元的债务,重新融资1280万加元的佛罗里达收购票据,授予股票和期权

2021-12-31 03:30:11 CFN Media Group

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TORONTO and ORLANDO, Fla., Dec. 30, 2021 — Red White & Bloom Brands Inc.  has issued 6,784,812 shares to settle a CAD$5.1 million debt. The weighted average conversion price is approximately CAD$0.75 per share . By settling the debt at a favorable conversion price, RWB will realize an accounting gain of approximately CAD$2.3 million . Debt Refinance Further to its press release of April 28, 2021, 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. (“Acreage Florida”). To refinance, RWB entered into an agreement for an aggregate principal amount of approximately CAD$14.6 million (US$11.5 million) secured debenture (the “Debenture”) on November 29, 2021 from an arm’s length investor. The Debenture bears interest at the rate of 10% per annum and matures on May 30, 2022 unless accelerated under certain circumstances. Stock & Option Issuance Additionally, on December 21, 2021, RWB granted the following: 500,000 stock options to a member of the board of directors at the price of CAD$0.40 (US$0.31). The shares will vest in one year. 135,000 restricted share units (RSU)  to a subcontractor for services at a deemed price of CAD$1.00. The RSUs vest on issuance. All securities issued are subject to a four month and one day hold period from issuance in accordance with applicable securities laws. About Red White & Bloom Brands Inc. The Company is positioning itself to be one of the top three multi-state cannabis operators active in the U.S. legal cannabis and hemp sector. RWB is predominantly focusing its investments on the major U.S. markets, including Michigan, Illinois, Massachusetts, Arizona and California with respect to cannabis, and the U.S. and internationally for hemp-based CBD products. Visit website: www.RedWhiteBloom.com, or follow RWB on social media: Twitter: @rwbbrands; Facebook: @redwhitebloombrands; Instagram: @redwhitebloombrands. For more information about Red White & Bloom Brands Inc., please contact: Tyler Troup, Managing Director Circadian Group IR [email protected] Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. FORWARD LOOKING INFORMATION This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company’s current expectations.  When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information.  There is no assurance that these transactions will yield results in line with management expectations. Such statements and information reflect the current view of the Company with respect to risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.  Such factors include, among others, the following risks: risks associated with the implementation of the Company’s business plan and matters relating thereto, risks associated with the cannabis industry, competition, regulatory change, the need for additional financing, reliance on key personnel, market size, and the volatility of the Company’s common share price and volume.  Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made, and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change.  Investors are cautioned against attributing undue certainty to forward-looking statements. There are a number of important factors that could cause the Company’s actual results to differ materially from those indicated or implied by forward-looking statements and information.  Such factors include, among others, risks related to the Company’s proposed business, such as failure of the business strategy and government regulation; risks related to the Company’s operations, such as additional financing requirements and access to capital, reliance on key and qualified personnel, insurance, competition, intellectual property and reliable supply chains; risks related to the Company and its business generally; risks related to regulatory approvals. The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company’s forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed a certain progression, which may not be realized.  It has also assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. While the Company may elect to, it does not undertake to update this information at any particular time. THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE.  READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS. This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
佛罗里达州多伦多市和奥兰多市,2021年12月30日(环球新闻)--红白布卢姆品牌公司(CSE:RWB和OTC:RWBYF)(“RWB”或“公司”)发行了6,784,812股股票,以解决510万加元(美国400万美元)的债务。加权平均转换价约为每股0.75加元(美国0.56美元)。通过以有利的转换价格结算债务,RWB将实现约230万加元(美国180万美元)的会计收益。 债务再融资 继其2021年4月28日的新闻稿之后,RWB已就其向高街资本合伙人有限责任公司发行的“七个月”卖方收回票据的本金1280万加元(1,000万美元)进行再融资,该票据与RWB Florida LLC收购Acreage Florida,Inc.(“Acreage Florida”)的所有已发行及流通股份有关。 为再融资,RWB于2021年11月29日向一名公平投资者订立本金总额约为14.6百万加元(美国1150万美元)的有担保债券(“债券”)的协议。债券按年利率10%计息,除非在某些情况下加速,否则于2022年5月30日到期。 股票和期权发行 此外,2021年12月21日,RWB批准了以下事项: 以0.40加元(美国0.31美元)的价格向一名董事会成员提供50万份股票期权。这些股票将在一年内归属。 135,000个限制性股份单位(RSU)以1.00加元的视同价格提供服务给分包商。RSUs背心在发行时。 根据适用的证券法,所有已发行的证券自发行之日起须有四个月零一天的持有期。 关于红白布卢姆品牌公司。 该公司将自己定位为活跃在美国合法大麻和大麻行业的三大多州大麻运营商之一。RWB的投资主要集中在美国的主要市场,包括密歇根州、伊利诺伊州、马萨诸塞州、亚利桑那州和加利福尼亚州的大麻市场,以及美国和国际上基于大麻的CBD产品。访问网站:www.redwhitebloom.com,或在社交媒体上关注RWB: 推特:@RWBBrands; 脸书:@RedWhiteBloomBrands; Instagram:@RedWhiteBloomBrands。 欲了解更多关于Red White&Bloom Brands Inc.的信息,请联系: 总经理泰勒·特鲁普 昼夜节律组IR [电子邮件受保护] CSE及其监管服务提供商(CSE的政策中定义了该术语)都不对本版本的充分性或准确性承担责任。 前瞻性信息 本新闻稿包含基于管理层信念的前瞻性陈述和信息,并反映了公司当前的预期。在本新闻稿中使用的“估计”、“项目”、“相信”、“预期”、“打算”、“预期”、“计划”、“预测”、“可能”或“应该”等词以及这些词的否定或其上的此类变体或可比术语旨在识别前瞻性陈述和信息。不能保证这些交易将产生符合管理层预期的结果。该等陈述及资料反映本公司对可能导致实际结果与该等前瞻性陈述及资料所预期的有重大差异的风险及不确定因素的当前看法。 就其性质而言,前瞻性陈述涉及已知和未知的风险、不确定性和其他因素,这些因素可能导致我们的实际结果、业绩或成就,或其他未来事件,与此类前瞻性陈述所表达或暗示的任何未来结果、业绩或成就有重大不同。除其他外,这些因素包括以下风险:与实施本公司业务计划及其相关事项有关的风险、与大麻行业有关的风险、竞争、监管变化、对额外融资的需要、对关键人员的依赖、市场规模以及本公司普通股价格和数量的波动。前瞻性陈述是根据管理层在发表陈述之日的信念、估计和意见作出的,如果这些信念、估计和意见或其他情况发生变化,本公司不承担更新前瞻性陈述的义务。告诫投资者不要将不适当的确定性归因于前瞻性陈述。 有许多重要因素可能导致公司的实际结果与前瞻性陈述和信息所表明或暗示的结果存在重大差异。该等因素包括,除其他外,与本公司拟议业务有关的风险,例如业务策略失败及政府监管;与公司经营有关的风险,如额外的融资要求和获得资本的途径、对关键和合格人员的依赖、保险、竞争、知识产权和可靠的供应链;与公司及其业务一般相关的风险;与监管审批相关的风险。本公司谨此提醒,上述重要因素清单并非详尽无遗。在依赖公司的前瞻性陈述和信息做出决策时,投资者和其他人应仔细考虑前述因素以及其他不确定性和潜在事件。本公司已假设某一进展,该进展可能无法实现。它还假定上一段中提到的重要因素不会导致这些前瞻性陈述和信息与实际结果或事件有重大差异。然而,这些因素的清单并非详尽无遗,可能会有所改变,而且无法保证这些假设将反映这些项目或因素的实际结果。虽然本公司可选择更新此资料,但不承诺在任何特定时间更新此资料。 本新闻稿中所载的前瞻性信息代表本公司截至本新闻稿日期的预期,因此,在该日期后可能会发生变化。读者不应过分重视前瞻性信息,也不应依赖于任何其他日期的这些信息。虽然本公司可选择更新,但不承诺在任何特定时间更新此信息,除非根据适用法律的要求。 本文由CFN Enterprises Inc.(OTCQB:CNFN)发表,该公司是CFN Media的所有者和运营商,CFN Media是行业领先的机构和数字金融媒体网络,致力于新兴的CBD和合法大麻行业。请致电+1(833)420-CNFN了解更多信息。

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