Red White & Bloom Closes Acquisition Of Platinum Vape

Red White & Bloom Brands Inc. (CSE: RWB) (OTC: RWBYF) finalized the previously announced purchase of Platinum Vape.

The acquisition is effective Monday, Sept. 14. Under the deal, RWB acquired all Platinum Vape’s issued and outstanding equity interests through its fully-owned subsidiary.

The cash and stock transaction is valued at up to $35 million.

The price tag includes $7 million in cash paid at closing, $13 million in cash payable in three months following the closing, and a US$15 million convertible promissory note.

In addition, the cannabis conglomerate could secure an …

Full story available on Benzinga.com

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