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Red White & Bloom Brands Inc C.RWB

Red White & Bloom Brands Inc. is a Canada-based multi-state cannabis operator and house of brands in the United States legal cannabis sector. The Company’s Distribution segment includes subsidiaries that are licensed to manufacture, process and/or distribute Company-branded cannabis products and accessories directly to licensed retailers in the states of Michigan and California where the sale of cannabis products is legal. The Company’s Licensing segment includes subsidiaries that own intellectual property associated with the Company’s PV and Platinum trademarks and brands. The Company also contracts with distributors in legal states to license the use of its brands in the above noted branded, non-tetrahydrocannabinol (THC) inputs. Its Retail segment sells both Company-branded and third-party cannabis products and accessories to the adult-use and medical use markets in the states of Florida and Michigan where the sale of cannabis product offerings by licensed retailers is legal.


CSE:RWB - Post by User

Comment by ConnectTheDot1on Feb 18, 2019 8:05am
208 Views
Post# 29378495

RE:RE:RE:Newco formerly RLTY.U

RE:RE:RE:Newco formerly RLTY.U.... conversion "at the lesser of $2.50 per common share or a 20% discount to any concurrent financing completed by MichiCann " Interesting info...so to get the conversion 2.50$, the financing must be worth at least 3.125$ or higher (because -20% = 2.50$) otherwise the conversion will be lower than 2.50$ (from financing price discounted 20%)!!! Hope that will be higher than 3$ than near the 2$ range!!! Good luck!!! Read more at https://stockhouse.com/companies/bullboard?symbol=c.rlty.u&postid=29378364#9F9zdZtWEhwKBXuL.99
SavvyDude wrote: I believe according to the news statement that they are rasing money at 
"
Tidal will advance CA$15,000,000 to MichiCann in the form of a secured convertible debenture convertible into common shares of MichiCann at the lesser of $2.50 per common share or a 20% discount to any concurrent financing completed by MichiCann in an alternative transaction should MichiCann fail to complete the transaction contemplated by this LOI. "

So we are seeing a min. of $ 2.50 a share. However, I see the opening price being much higher if Michicann recieves finacing from tidal at $ 2.50 a share price. In theory, opening price should be above $ 3.00 USD dollars on opening.  Hopefully higher, and a price range into the $ 4, 5, or even $6.00 range.
 


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