RWB Raises $13.5M To Finalize The Purchase Of Illinois THC Cultivation License

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 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 …

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