QualityStocksNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Announces Management Transition, Reduces Liabilities
Red White & Bloom (CSE: RWB) (OTCQX: RWBYF), a multistate cannabis operator and house of premium brands, has completed a management transition at Platinum Vape (“PV”) LLC and a group of companies acquired earlier this year. In addition, RWBYF has settled all additional PV acquisition purchase price consideration and redeemed $5 million of convertible debentures. According to the announcement, Red White & Bloom noted strong demand in Michigan and California is outpacing its supply of PV brand offering and stated that it has made expanding its PV brand a top priority; the company anticipates increased production to reach more than…