- Attention Investors, the Most Anticipated Weed IPO of 2020 is Happening Tomorrow Morning
- For Those Looking to Participate in the American Cannabis Boom 2.0, Friday’s IPO Could Be the Best Opportunity of the Year
- The Cannabis Industry’s First U.S. “Super State Operator” Red White & Bloom Will Begin Trading on the CSE Under the Symbol ‘RWB’
Cannabis investors are rejoicing after Red White & Bloom Brands Inc. (CSE: RWB) (OTC: TDRYD) announced that the company’s shares officially begin trading on the Canadian Securities Exchange (CSE) at the market open tomorrow Friday, June 5, 2020.
As stated in Red White & Bloom’s April 28, 2020, press release, the company’s stock will commence trading tomorrow under the new ticker symbols:
- 🇨🇦Canada | ‘CSE: RWB‘
- 🇺🇸USA | ‘OTC: TDRYD‘
- *U.S. symbol expected to change to from ‘TDRYD’ to ‘RWBYF’ in the coming days.
Red White & Bloom also informed investors that the company has already applied to have its U.S. shares uplisted to the OTCQX Best Market, the highest tier of the OTC Markets Exchange. The OTCQX was designed for well established, investor-focused international and U.S. companies such as RWB that meet high financial standards and follow best practice corporate governance.
Red White & Bloom also reported the launch of the company’s brand new investor website. The site is full of great resources as well as the new RWB Investor Presentation. RWB welcomes the investing community to check out its fresh new IR website, which can be accessed by clicking here or visiting www.IR.RedWhiteBloom.com.
Super State Operator
As the first true American Super State Operator, Red White & Bloom’s mandate is to operate at scale in select U.S. states while maintaining a focus on profitability to provide the company’s shareholders and business partners with the highest potential return on investment.
After operating privately until now and raising over USD $100 million, RWB has built quite possibly the most impressive cannabis company to date. RWB and its 660 employees have grown the business, which now has a U.S. footprint that includes 22 individual facilities, with a combined cultivation footprint of over 4 million sq ft spanning the states of Michigan, Illinois and Massachusetts.
The financial side of RWB’s business appears to be in phenomenal condition with the company stating the following numbers:
- Current Retail Revenue: $100 million (annualized, pro-forma)
- Projected 2020 Revenue: $166 million
- Projected 2020 EBITDA: $57.5 million
- *Source: RWB Investor Deck
“We have worked diligently to build RWB over the last 2 years in the face of significant headwinds in the cannabis industry. Despite said challenges, our industry-leading team of professionals has been able to quickly establish a significant presence in the United States. The closing of this Transaction was the next step in our evolution and has bolstered our balance sheet, added Massachusetts assets to our footprint, and has enabled us to become a reporting issuer,” stated RWB CEO Brad Rogers in the company’s April press release.
Investors that are interested in staying up to date on all things Red White & Bloom are encouraged to sign up for the RWB Email Newsletter. RWB email alerts are a convenient way for investors to stay in the loop and receive updates whenever the company releases important news and information such as:
- Press Releases
- Annual & Quarterly Reports
- Insider Transactions
- SEC Filings
- Proxy Information
Investor Research Links:
- CDN – CSE: RWB
- USA – OTC: TDRYD
- Listing Statement
- Website | IR Website | Investor Deck | RWB Email List
Red White & Bloom is a paid client of The Cannabis Investor. The Cannabis Investor holds a position in RWB.
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