Red White & Bloom to Commence Trading on OTCQX
June 18 2020 - 6:00AM
Red White & Bloom Brands Inc. (CSE: RWB; OTCQX: TDRYD)
(“
RWB” or the “
Company”), today
announced that it has qualified to trade on the OTCQX® Best Market,
operated by OTC Markets Group. RWB upgraded to OTCQX from the Pink®
market.
RWB begins trading today on OTCQX under the
symbol “TDRYD.” U.S. investors can find current financial
disclosure and Real-Time Level 2 quotes for RWB on
www.otcmarkets.com.
Upgrading to the OTCQX Market is an important
step for companies seeking to provide transparent trading for their
U.S. investors. For companies listed on a qualified international
exchange, streamlined market standards enable them to utilize their
home market reporting to make their information available in the
U.S. To qualify for OTCQX, companies must meet high financial
standards, follow best practice corporate governance and
demonstrate compliance with applicable securities laws.
"We are extremely proud to announce the
commencement of trading on the OTCQX Best Market," said Brad
Rogers, Chief Executive Officer of RWB. "We are thrilled to have a
foundation in which we can share our long-term vision for RWB with
a wider pool of retail and institutional shareholders throughout
the United States. We firmly believe that cross-trading on OTCQX in
the U.S. is vital for a company headquartered in the U.S. and
deriving 100 per cent of its revenue from U.S. customers."
The Company anticipates that its new US Trading
symbol will be RWBYF and should be effective on or about July 1,
2020.
N. I. Jacobs & Associates acted as RWB’s OTCQX sponsor.
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. It is anticipated that RWB will
predominately focus its investments on major markets in the United
States, including Michigan, California, Illinois, Massachusetts and
Florida in respect to cannabis and the entire US for legal hemp CBD
based products.
For more information about Red White & Bloom
Brands Inc., please contact: Tyler Troup, Managing
DirectorCircadian Group IRIR@RedWhiteBloom.com
Visit us on the web: www.RedWhiteBloom.comFollow
us on social media:Twitter: @rwbbrandsFacebook:
@redwhitebloombrandsInstagram: @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
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. The
forward-looking statements and information in this press release
includes information relating to the implementation of Red White
& Bloom’s business plan. 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 Red
White & Bloom’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, the potential for conflicts of interest among
certain officers or directors, 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
Red White & Bloom’s proposed business, such as failure of the
business strategy and government regulation; risks related to Red
White & Bloom’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 Red White & Bloom and
its business generally. 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.
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