Red White & Bloom Brands Inc. (CSE:RWB) (OTCQX:RWBYF) has raised some $13.5 million to fund the closing of its previously announced purchase of a THC cultivation license in Illinois alongside additional assets.
The sum includes CA$8 million ($6.31 million) coming from an investor via a warrant exercise for some 8 million of RWB’s common shares, $7 million as part of a non-convertible debenture unit financing commitment, as well as cash on hand.
The Toronto-based company expects to close the acquisition announced in December, later this quarter.
Following the takeover, RWB will oversee the Shelbyville-based operation, previously run by Cannabis Capital Partners Inc.
Giant hemp grower to buy marijuana cultivation license in Illinois
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Giant hemp grower to buy marijuana cultivation license in Illinois
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TGIF, Illinois. If a presidential nominee can use the “p” word and then the s in White House, it seems just fine for a presidential aide to
use the “f” word. When did politics become PG? Because I m not sure anyone told Rahm.