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Red White & Bloom Brands Inc C.RWB

Red White & Bloom Brands Inc. is a Canada-based multi-jurisdictional cannabis operator and house of premium brands operating in the United States, Canada and select international jurisdictions. The Company is predominantly focusing its investments on major United States markets, including Arizona, California, Florida, Missouri, Michigan, and Ohio. The Company's segments include Distribution, Licensing, Retail, Corporate and Other. The Distribution segment cultivates, manufactures, processes and/or distributes Company branded cannabis and non-cannabis products directly to licensed retailers. The Licensing segment owns intellectual property associated with its Platinum Vape and Platinum trademarks and brands, that are engaged in the sale of non-THC branded products which are incorporated in licensed Company cannabis product offerings. The Retail segment sells both Company and third party branded and non-branded cannabis products and accessories to the adult-use and medical use markets.


CSE:RWB - Post by User

Comment by ConnectTheDot1on Feb 18, 2019 8:05am
209 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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