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RWBYF

Red White & Bloom Brands Inc.

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Red White & Bloom Brands Inc., a Canadian cannabis company, reported Q2 revenue of CA$22.0 million, in line with last year. The company made strategic strides, including refinancing agreements, new retail locations in Florida, and distribution partnerships in California. Despite a net loss, adjusted EBITDA improved significantly. The company anticipates further EBITDA growth in the latter half of 2024.

Portfolio Pulse from Nina Zdinjak

August 30, 2024 | 1:33 pm

The Viridian Chart of the Week analyzes the relationship between financial strength and YTD stock performance of 30 MSO/SSOs. Group 1, consisting of the strongest companies, has shown significant gains, while weaker groups have underperformed. Investors are advised to focus on stronger companies like Verano, Trulieve, and Cresco, with potential targeted investments in lower strength companies with positive catalysts.

Portfolio Pulse from Viridian Capital Advisors

June 24, 2024 | 5:12 pm

This 4/20, cannabis retailers anticipate record sales, with brands like MariMed's Betty’s Eddies, Cresco's High Supply, Ascend Wellness's Simply Herb, and others leading in various states. The article highlights market leaders in the East, Midwest, California, Nevada, Florida, and New York, with a focus on companies like AYR Wellness, Curaleaf Holdings, Green Thumb Industries, and Trulieve. The pre-roll segment and the competitive landscape in each state are also discussed, indicating a highly anticipated sales surge.

Portfolio Pulse from Nicolás Jose Rodriguez

April 20, 2024 | 1:54 pm

Cannabis sales in Colorado and Michigan have declined, with Colorado experiencing its lowest sales year since 2017 and Michigan facing a 13.5% drop in January sales despite a record December. Virginia is advancing towards retail marijuana sales with the passing of HB698, aiming for a January 1, 2024 start. Key players in these markets include Schwazze, Red White & Bloom Brands, TerrAscend, 4Front, Ascend Wellness Holdings, Cresco, Verano, The Cannabist Company Holdings, Green Thumb Industries, and Jushi Holdings.

Portfolio Pulse from Nicolás Jose Rodriguez

February 12, 2024 | 11:57 pm

Red White & Bloom Brands Inc. (RWB) has completed the acquisition of Aleafia Health Inc. and its subsidiaries for a total consideration of $31,667,700. The deal includes intellectual property assets, shares in Emblem Cannabis Corporation, Canabo Medical Corporation, and Aleafia Retail Inc., and a 9.4% stake in One Plant (Retail) Corp. This acquisition expands RWB's sales channels across five Canadian provinces, medical channels across Canada, and international channels to Australia, Germany, and the UK. It also includes cultivation and storage facilities in Ontario. The combined entity is expected to generate CA$140 million in annualized revenues and be accretive on an EBITDA basis in fiscal 2024. RWB shares traded lower by 7.6923% at $0.06 per share following the announcement.

Portfolio Pulse from Jelena Martinovic

January 16, 2024 | 3:36 pm

Red White & Bloom Brands Inc. (RWBYF), a Canadian MSO, reported increased Q3 2023 revenue of CA$20.1 million and a net loss decrease to CA$6.5 million. Adjusted EBITDA rose to CA$1.6 million. The company reduced expenses and expanded into Ohio, with a focus on high-margin products and the upcoming Aleafia acquisition. RWBYF's stock surged 70.25% to $0.0475 per share.

Portfolio Pulse from Patricio Liddle

November 30, 2023 | 4:43 pm

AYR Wellness, Inc. (OTC:AYRWF) has introduced Kiva Confections' Camino Soft Chews to its Florida dispensaries, following a three-year licensing agreement. Red White & Bloom Brands Inc. (CSE:RWB) (OTC:RWBYF) is entering Ohio's cannabis market through a licensing arrangement. Tilray Brands, Inc. (NASDAQ:TLRY) has launched a holiday campaign for its Canadian cannabis brand, Good Supply. Surfside Solutions Inc. is expanding its Commerce Media to reach more cannabis brands and retailers in the U.S. and Canada.

Portfolio Pulse from Nicolás Jose Rodriguez

November 09, 2023 | 6:21 pm

The Viridian Credit Tracker Model uses 11 market and financial variables to quantify four main credit factors: Liquidity, Leverage, Profitability, and Size. The model suggests that the best single number that an investor can calculate is Total Liabilities/ Market Cap. The model shows moderate improvement for C21 (OTC:CXXIF), Unrivaled (OTC:UNRV), Glass House (OTC:GLASF), TerrAscend (OTC:TSNDF), and AYR (OTC:AYRWF) while MariMed (OTC:MRMD), Trulieve (OTC:TRUL), and Cannabist (OTC:CBSTF), show moderate deterioration. Schwazze, Red White & Bloom (OTC:RWBYF), and Acreage (OTC:ACRDF) all show more significant deterioration.

Portfolio Pulse from Viridian Capital Advisors

October 16, 2023 | 4:23 pm

Aleafia Health Inc. (ALEAF) has selected Red White & Bloom Brands Inc. (RWBYF) as the successful bidder in its court-approved sale and investment solicitation process. The Ontario Superior Court approved the terms of a Stalking Horse Asset Purchase and Share Subscription Agreement, which allows RWBYF to acquire certain assets from Aleafia and subscribe for shares of certain Aleafia subsidiaries. Aleafia also agreed to sell its Grimsby facility to a third-party purchaser. The transactions are expected to close by November 22, 2023.

Portfolio Pulse from Jelena Martinovic

October 13, 2023 | 3:33 am

Red White & Bloom Brands Inc. (OTC:RWBYF) reported Q2 2023 financial results, showing a decrease in revenues to $16 million from $27.4 million in the prior year's period. However, gross profit improved to $6.9 million from $4.8 million in the same quarter of last year. The company also reduced its net loss to $9.4 million from $17.6 million in Q2 2022. The company has been able to reduce its general and administrative expenses by nearly $4 million through cost rationalization efforts.

Portfolio Pulse from Jelena Martinovic

August 29, 2023 | 1:55 pm

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