I'm sure they're thinking about it pushing it over $1.50. Here is the warrant news however! Red White & Bloom closes $25.01-million offering
2020-09-24 10:22 ET - News Release
Mr. Brad Rogers reports
RED WHITE & BLOOM BRANDS INC. ANNOUNCES CLOSING OF $25 MILLION BOUGHT DEAL OFFERING OF UNITS, INCLUDING FULL EXERCISE OF THE OVER-ALLOTMENT OPTION
Red White & Bloom Brands Inc. has closed its previously announced bought deal offering for a total issuance today of 33.35 million units of the company at a price of 75 cents per unit for aggregate gross proceeds of $25,012,500, which includes the full exercise of the overallotment option. The offering was co-led by PI Financial Corp. and Eight Capital on behalf of a syndicate of underwriters including Canaccord Genuity Corp. and Echelon Wealth Partners Inc.
Each unit consists of one common share in the capital of the company and one common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share at an exercise price of $1 for a period of 24 months following the closing of the offering. If, at any time prior to the expiry date of the warrants, the volume-weighted average price of the common shares on the Canadian Securities Exchange (or such other stock exchange where the majority of the trading volume occurs) exceeds $1.50 for 10 consecutive trading days, the company may provide written notice to the holders of the warrants by way of a news release advising that the warrants will expire at 5 p.m. Vancouver time on the 30th day following the date of such notice unless exercised by the holders prior to such date.
The warrants could add as much as $50 million to cash but also increase the shares outstanding. All IMO! GLTA!!
LIFT OFF ?? 
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