RWB Acquires Platinum Vape, Releases Q2 Results

Red White & Bloom Brands Inc. (CSE: RWB) (OTC: RWBYF) released its second-quarter earnings report ahead of closing the acquisition of Platinum Vape.

Transaction details

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 …

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