September 10, 2021 09:25:58
- $58.5 million in Adjusted Sales for first six months of 2021
- The company also reported repaying approximately $18 million of debt and restructuring over $20 million into a long-term debt
- Q2 also marked RWB’s acquisition of Acreage Florida, as well as an operational 45,000 SF greenhouse within the state, which it projects, will begin harvesting in Q4 2021
- RWB’s CEO expressed his optimism about the company’s performance in the Q3 and the second half of the year, given the strides made and the momentum realized in Q2
On August 30, Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF)
released its financial results and subsequent events report for the second quarter of the 2021 fiscal year (“Q2, 2021”). While making the announcement, Brad Rogers, the Chairman and Chief Executive Officer (“CEO”) of the company, expressed his optimism about the company’s performance in Q3 and the second half of the year, owing to the strides made by the company, and the momentum realized in Q2.
Key takeaways from the announcement included the company’s Q2 13% increase in revenue over the first quarter of the year. It is noted that there were significant raw material inventory purchases over that period, in support of growth for Q3 and anticipation of new branded product launches…
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