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Red White & Bloom Completes Platinum Vape Management Transition, Reduces US$12.5 Million of Liabilities

Red White & Bloom Completes Platinum Vape Management Transition, Reduces US$12.5 Million of Liabilities

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TORONTO, Oct. 18, 2021 (GLOBE NEWSWIRE) — Red White & Bloom Brands Inc. (CSE: RWB and OTCQX: RWBYF) (“RWB” or the “Company”), a multi-state cannabis operator and house of premium brands, has completed an agreement for the transition of the management at its Platinum Vape, LLC (“Platinum Vape” or “PV”) acquisition and group of companies, settled all additional PV acquisition purchase price consideration, and redeemed US$5 million of convertible debentures that were previously convertible at US$0.57 per share.

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