Red White & Bloom Brands Inc. (CSE: RWB) (OTC: RWBYF) released its second-quarter earnings report ahead of closing the acquisition of Platinum Vape.
The Toronto-based entered into a definitive, arms-length agreement with Platinum Vape on Sept.1. RWB expects to finalize the transaction within the following two weeks.
The price tag of $35 million includes $7 million in cash payable at closing, $13 million payable 120 days following the closing, and a $15 million convertible promissory note.
“The future growth for Platinum, combined with a company that …