Red White & Bloom Brands Provides Update on Status of Annual Filings
TORONTO, June 13, 2025 (GLOBE NEWSWIRE) — Red White & Bloom Brands Inc. (CSE: RWB) ('RWB' or the 'Company') is providing an update on the status of a management cease trade order granted on May 1, 2025 (the 'MCTO') by the British Columbia Securities Commission under National Policy 12-203 – Management Cease Trade Order ('NP 12-203').
On May 1, 2025, the Company announced that, for reasons disclosed in the news release, there would be a delay in the filing of its financial statements and accompanying management's discussion and analysis for the fiscal year ended December 31, 2024 (the 'Annual Filings') beyond the period prescribed under applicable Canadian securities laws.
The Company reports that the audit continues to progress, and it will provide a further update on the timing of its Annual Filings on or about June 23, 2025, if it has not filed by this date. The Company is also progressing on the completion of its interim financial statements and accompanying management's discussion and analysis for the first quarter ended March 31, 2025 (the '2025-Q1 Filings'). The Company advises that the 2025-Q1 Filings will be filed within five business days from the date the Annual Filings are completed. Further updates on timing will be provided by the Company as necessary.
During the MCTO, the general investing public will continue to be able to trade in the Company's listed common shares. However, the Company's chief executive officer, president and chief financial officer will not be able to trade in the Company's shares.
Other than as disclosed in this news release, there are no material changes to the information contained in the initial press release associated with the MCTO. The Company confirms that it intends to satisfy the provisions of NP 12- 203 and will continue to issue bi-weekly default status reports for so long as it remains in default of the Annual Filings requirement. These updates will include information regarding the progress of the Annual Filings and any material changes to the Company's business, if any.
About Red White & Bloom Brands Inc.
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 is predominantly focusing its investments on major U.S. markets, including California, Florida, Missouri, Michigan, and Ohio in addition to Canadian and international markets.
Red White & Bloom Brands Inc.Investor and Media RelationsEdoardo Mattei, CFO
[email protected] 947-225-0503
Visit us on the web: https://www.redwhitebloom.com/.
Follow us on social media:
Twitter @rwbbrands
Facebook @redwhitebloombrands
Instagram @redwhitebloombrands
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
Certain information contained in this news release may constitute 'forward-looking information' or 'forward-looking statements' within the meaning of applicable Canadian securities legislation. Forward-looking information is often identified by the use of words such as 'plans,' 'expects,' 'may,' 'should,' 'could,' 'will,' 'intends,' 'anticipates,' 'believes,' 'estimates,' 'forecasts,' or variations of such words and phrases, including the negative forms thereof, as well as terms such as 'pro forma' and 'scheduled,' and similar expressions that refer to future events or outcomes.
Forward-looking statements in this release include, without limitation, statements relating to the anticipated timing, review, completion, and filing of the Annual Filings and Q1 Filings; the expected duration of the MCTO; the Company's ongoing operations; and the Company's intention to issue bi-weekly default status updates.
Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the risks associated with audit completion processes; regulatory reviews and approvals; market conditions; the Company's financial condition and liquidity; the ability to achieve the anticipated benefits of the debt restructuring; and the risk that the Company may not be able to complete its Annual Filings within the timeframe currently anticipated.
There can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
The Company disclaims any obligation to update or revise any forward-looking information contained herein, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE COMPANY'S EXPECTATIONS AS OF THE DATE OF THIS NEWS 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.
Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Ahmedabad Plane Crash
GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
2 hours ago
- Business Wire
17th Annual Top 25 Canadian Immigrant Awards, Presented by Western Union
TORONTO--(BUSINESS WIRE)--With nation-building and Canadian pride on people's minds across the country, we can't forget that the story of Canada includes the individual stories of immigrants who have helped build this nation. For the 17th year, Canadian Immigrant, with the support of presenting sponsor Western Union, is recognizing and celebrating these nation builders with the Top 25 Canadian Immigrant Awards of 2025. The Top 25 Canadian Immigrant Awards, also supported by COSTI and Edward Jones, is the first and only national awards program celebrating immigrant success stories from coast to coast, serving as role models for other newcomers choosing Canada as their new home. This year's Top 25 will join an inspirational list of past recipients who are community, culture, scientific and business leaders. This year's list includes a founder of one of Canada's most celebrated breakfast cereal companies, the founder of a popular Mediterranean fast casual chain, a TikTok influencer, a dancer and artistic director, a billionaire investor, scientific and STEM innovators, as well as community champions working tirelessly to uplift others. 'We are so proud to announce the recipients in the 17th annual Top 25 Canadian Immigrant Awards, in partnership with Western Union,' said Sanjay Agnihotri, Publisher of Canadian Immigrant. 'Sharing their stories is sharing the story of Canada — a nation built by brave individuals who leave everything they know behind to start fresh in a new land — and make it better as a result of their hard work and determination. We, at Canadian Immigrant magazine, are honoured to be a platform to celebrate their efforts and impact. Congratulations to all of this year's recipients.' 'Throughout our 175-year long history, one thing has never changed: connecting people with their families and loved ones wherever they may be, */and enabling them to build better lives. This mission is particularly resonant here in Canada, where the diversity of our communities is one of our key strengths,' said Carl Pierce, Head of Canada for Western Union. 'We are proud then to sponsor these prestigious awards, pay tribute to the contributions made by those that call our country their new home and support them as they seek to fulfil their aspirations.' Among the Top 25, we have again selected one winner as our Youth Award recipient, and one as our Entrepreneur Award winner. Ukrainian-born Andrian Makhnachov, 22, a social media start documenting his life as a newcomer, is the Youth Award recipient. Sam Osmow, founder of Osmow's restaurant chain, is this year's Entrepreneur Award recipient, presented by COSTI. This year, Edward Jones has come on board to sponsor a new award to celebrate a professional from among the Top 25 who exemplifies leadership and impact. The Leadership Award goes to Simone Le Gendre. The Top 25 Canadian Immigrants of 2025 were chosen after an extensive nomination, judging, shortlisting and public online voting process. Hundreds of nominations were received from which 75 finalists were shortlisted by a diverse judging panel of past winners. More than 50,000 online votes were cast at The 25 recipients were chosen based on a combination of votes and judges' merit scores. Recipients are now being featured online at and in the August edition of Canadian Immigrant magazine. About Canadian Immigrant Canadian Immigrant is a national multimedia platform to help immigrants succeed in Canada, with content, resources and events on careers, education and settlement. The brand is the producer of the cross-country Canadian Immigrant Fairs, IEP career path Web Conference Series, and the Frist Generation podcast on the Torstar Podcast Network. Canadian Immigrant is a division of Metroland Media Group, a dynamic media company with leading community and daily news sites, as well as innovative websites including and Learn more at About Western Union Western Union is a global leader in cross-border, cross-currency money movement and payments. Western Union's platform provides seamless cross-border flows and its leading global financial network bridges more than 200 countries and territories and over 130 currencies. We connect businesses, financial institutions, governments, and consumers through one of the world's widest reaching networks, accessing billions of bank accounts, millions of digital wallets and cards, and approximately 600,000 retail locations. Western Union connects the world to bring boundless possibilities within reach. About COSTI Meeting the needs of a diverse society since 1952, COSTI is a community-based diverse social impact agency providing employment, educational, settlement and social services to all immigrant communities, new Canadians, and individuals in need of assistance. COSTI strives to be a leader in community service by using a client-focused, proactive, and innovative approach in planning, developing, and delivering services. Our programs ensure that regardless of language or cultural barriers, people communities are able to access information, use their existing skills and learn new ones that accelerate their ability to engage broadly and deeply in all aspects of Canadian society. Operating from 18 locations in Toronto, York Region and the Region of Peel, COSTI provides services in more than 60 languages. We help over 39,000 individuals receive assistance. About Edward Jones Edward Jones is a full-service investment dealer which provides a range of investment products, services, and solutions to retail investors. We have more than 870 financial advisors in Canadian communities from coast-to-coast. A member of the Canadian Investment Regulatory Organization and the Canadian Investor Protection Fund, the firm is also a participating organization in the Toronto Stock Exchange. For more information, visit
Miami Herald
3 hours ago
- Miami Herald
ACCESS Newswire to Host Second Quarter Earnings Conference Call on August 12, 2025
RALEIGH, NC / ACCESS Newswire / August 5, 2025 / ACCESS Newswire Inc. (NYSE American:ACCS), an industry-leading communications company, today announced it will host a conference call and live webcast on August 12, 2025, at 9:00am Eastern Time to discuss the results of the second quarter 2025. Conference Call Information To participate in this event, dial approximately 5 to 10 minutes before the beginning of the call. Date: August 12, 2025Time: 9:00 a.m. eastern timeToll & Toll Free: 973-528-0011 | 888-506-0062Access Code: 793721Live Webcast: Conference Call Replay Information The replay will be available beginning approximately 1 hour after the completion of the live event. Toll & Toll free: 919-882-2331 | 877-481-4010Passcode: 52261Web replay & Transcript: About ACCESS Newswire Inc. We are ACCESS Newswire, a globally trusted Public Relations (PR) and Investor Relations (IR) solutions provider. With a focus on innovation, customer service, and value-driven offerings, ACCESS Newswire empowers brands to connect with their audiences where it matters most. From startups and scale-ups to multi-billion-dollar global brands, we ensure your most important moments make an impact and resonate with your audiences. To learn more visit Forward-Looking Statements Certain statements in this press release are "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. These statements relate to future events or the Company's future financial performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance or achievements of the Company or its industry to be materially different from those expressed or implied by any forward-looking statements. In particular, statements about the Company's expectations, beliefs, plans, objectives, assumptions, future events or future performance contained in this press release are forward-looking statements. In some cases, forward-looking statements can be identified by terminology such as "may," "will," "could," "would," "should," "expect," "plan," "anticipate," "intend," "believe," "commit," "estimate," "predict," "potential," "outlook," "guidance," "target," "goal," "project," "continue to," "confident," or the negative of those terms or other comparable terminology. The forward-looking statements in this press release include, among other things, our confidence that our shift from pay-as-you-go to a subscription-based model is building the sustainable, predictable business we have been working toward and our belief that our various initiatives will further strengthen our performance and drive improved results in both the near and long-term. Please see the Company's documents filed or to be filed with the Securities and Exchange Commission at including the Company's Annual Reports filed on Form 10-K, including the Company's Annual Report on Form 10-K for the year ended December 31, 2024, and Quarterly Reports on Form 10-Q, and any amendments thereto for a discussion of certain important risk factors that relate to forward-looking statements contained in this report. The Company has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While the Company believes these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond the Company's control. These and other important factors may cause actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Any forward-looking statements are made only as of the date hereof, and unless otherwise required by applicable securities laws, the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. For Further Information: ACCESS Newswire R. Balbirnie919-481-4000brianb@ Brett MaasHayden IR(646) 536-7331brett@ James CarbonaraHayden IR(646)-755-7412james@ SOURCE: ACCESS Newswire Inc.
Miami Herald
4 hours ago
- Miami Herald
Safe & Green Holdings Corp. Signs Letter of Intent to Acquire Rock Springs Energy Group
MIAMI, FL / ACCESS Newswire / August 5, 2025 / Safe & Green Holdings Corp. (NASDAQ:SGBX) ("Safe & Green" or the "Company"), a leading developer of sustainable solutions and modular infrastructure, today announced that it has entered into a non-binding Letter of Intent to acquire Rock Springs Energy Group LLC, located in Rock Springs, Wyoming. The transaction aligns with Safe & Green's strategic initiative to build a fully integrated oil and gas company that includes exploration, production, refining, and related energy services, alongside its existing focus on sustainable infrastructure development. Under the terms of the LOI, Safe & Green intends to purchase the refinery and its associated assets, permits, intellectual property, and related documentation. The proposed transaction is subject to a customary due diligence period of 60 days, finalization of a definitive purchase agreement, regulatory approvals, and other closing conditions. The Company estimates the purchase price for the refinery to be approximately $35 million, with the final amount subject to confirmation through the due diligence process. The transaction is expected to be financed through a combination of debt and equity. "This LOI reflects our strategic intent to explore opportunities that align with our vision for sustainable infrastructure and domestic energy independence," said Mike Mclaren, CEO of Safe & Green Holdings Corp. "We look forward to evaluating the full potential of the Rock Springs facility and engaging with ownership to determine a path forward." As part of the LOI, the Seller has agreed to a 60-day exclusivity period during which it will not solicit or negotiate with other parties. Both parties have also agreed to maintain confidentiality regarding the terms of the LOI and all due diligence communications. The LOI is non-binding and subject to the execution of a definitive purchase agreement, anticipated to follow the due diligence phase. The expected transaction timeline includes: LOI Execution: July 28, 2025Due Diligence Completion: 60 days post-executionDefinitive Agreement: within 30 days of due diligence completionClosing: within 30 days after execution of the definitive agreement The proposed acquisition would mark a significant step in Safe & Green's broader growth strategy, pending successful due diligence and regulatory review. About Rock Springs Energy GroupRock Springs Energy Group is a Wyoming-based energy company developing a state-of-the-art modular crude oil distillation and storage facility. Strategically located near the Uinta Basin and key transportation infrastructure. The company specializes in converting low-cost feedstocks into high-value specialty fuels and chemical products such as paraffin, naphtha, and mineral spirits. With a focus on rapid deployment, environmental compliance, and off-take secured operations, Rock Springs Energy Group is positioned to capture market opportunities across the Rocky Mountain region. About Safe & Green Holdings & Green Holdings Corp. (NASDAQ:SGBX) is a purpose-driven company focused on creating scalable infrastructure solutions across energy and construction sectors. The Company is actively building a fully integrated oil and gas platform encompassing exploration, production, refining, and related energy services, while continuing to expand its core business in sustainable building technologies and modular manufacturing. Safe & Green is committed to delivering flexible, fast-to-market solutions that support both traditional and next-generation infrastructure needs. For more information, visit: Safe Harbor StatementCertain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are based upon current estimates and assumptions and include statements regarding the execution of a non-binding letter of intent with Rock Springs Energy Group, LLC. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company's ability to successfully complete its due diligence review of Rock Springs Energy Group, the Company's ability to successfully negotiate and execute definitive documents for the acquisition of Rock Springs Energy Group, the Company's ability to maintain compliance with NASDAQ listing requirements, and the other factors discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2024 and its subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law. For investor and media inquiries, please contact:investors@ SOURCE: Safe & Green Holdings Corp
