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An update from Red White & Bloom Brands ( (TSE:RWB) ) is now available.
Red White & Bloom Brands Inc. announced that a Michigan Circuit Court has appointed a receiver for the assets of its subsidiary Pharmaco Inc., following defaults under a loan agreement. This strategic move is expected to reduce operating expenses and debt obligations, aligning better with RWB’s core business objectives. The company’s other operations remain unaffected, with ongoing growth initiatives in Florida and optimization of Canadian operations.
More about Red White & Bloom Brands
Red White & Bloom Brands Inc. operates in the cannabis industry, focusing on medical and adult-use retail outlets, cultivation, and distribution operations across the United States and Canada.
Average Trading Volume: 20,837
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $17.01M
Learn more about RWB stock on TipRanks’ Stock Analysis page.
