Red White & Bloom Raises $44.5M To Fund Expansion Initiatives In Michigan And Florida, Retires $7.7M in Debt

company Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) has secured roughly $44.5 million in financing by completing three financing transactions.

Non-brokered "units for debt" private placement of units: The Toronto-based company raised CA$9,712,239 ($7,769,792) through a previously finalized non-brokered "units for debt" private placement of 8,445,426 units at CA$1.15 per unit.

Unsecured debenture private placement financing: RWB also secured $6.5 million upon closing an unsecured debenture private placement to an arm's length purchaser.

The debenture carries interest at the rate of 12% annually and will mature in 150 days from the date of issuance.

In return, RWB paid the purchaser an origination fee by issuing its 531,000 shares.

Strategic investment: On Friday, RWB's wholly-owned …

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