Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF) today announced the results of the special meeting of the holders of common shares and the Series 2 convertible preferred shares and a class meeting of the holders of the Series 2 convertible preferred shares. At the meeting, shareholders representing 99.62% of the votes cast attached to the common shares and the Series 2 preferred convertible shares, as well as 98.44% of the votes cast attached to the series 2 convertible preferred shares, voted to approve a special resolution authorizing the company to alter its articles to, in effect, change the conversion date of the Series 2 convertible preferred shares. The change is such that each Series 2 shareholder shall be entitled to convert any whole number of Series 2 convertible preferred shares into validly issued, fully paid and non-assessable common shares on any business day after the eighteenth month anniversary (Oct. 24, 2021) of the date upon which the Series 2 convertible preferred shares were issued by the company.
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About Red White & Bloom Brands Inc.
The company is positioning itself to be one of the top three multistate cannabis operators active in the U.S. legal cannabis and hemp sector. RWB is predominantly focusing its investments on the major U.S. markets, including Florida, Illinois, California, Michigan, Oklahoma, and Arizona with respect to cannabis, and the U.S. and internationally for hemp-based CBD products. For more information about the company, visit www.RedWhiteBloom.com.
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