Red White & Bloom Brands Provides Update on Status of Annual Filings

TORONTO, July 03, 2025 (GLOBE NEWSWIRE) -- Red White & Bloom Brands Inc. (CSE: RWB) (“RWB” or the “Company”) provides the following update regarding the management cease trade order (“MCTO”) issued by the British Columbia Securities Commission (“BCSC”) on May 1, 2025, under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”).

As previously disclosed, the Company’s audited financial statements and related management’s discussion and analysis (“MD&A”) for the fiscal year ended December 31, 2024 (the “Annual Filings”), as well as its interim filings for the period ended March 31, 2025 (the “2025-Q1 Filings”), were delayed beyond the prescribed deadlines under applicable Canadian securities laws.

On or about June 23, 2025, the Company submitted a request to the BCSC for a limited extension of the MCTO to align with the expected filing timeline for the Annual Filings. On June 30, 2025, the BCSC advised the Company that the request would not be granted. As a result, a Failure-to-File Cease Trade Order (“FFCTO”) was issued, effective July 3, 2025. Prior to the issuance of the FFCTO, the Company and its auditors provided the BCSC with a detailed status update on the 2024 audit and related filings impacted by the audit.

The Company remains confident it will complete its Annual Filings ahead of the Annual General Meeting (“AGM”) scheduled for July 11, 2025, and will promptly complete the 2025-Q1 Filings thereafter.

The Company will continue complying with NP 12-203 reporting requirements by filing bi-weekly default status reports until the Annual Filings and 2025-Q1 Filings are submitted.

About Red White & Bloom Brands Inc.

Red White & Bloom Brands is a 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 U.S. markets, including California, Florida, Missouri, Michigan, and Ohio in addition to Canadian and international markets.

Red White & Bloom Brands Inc.
Investor and Media Relations
Edoardo Mattei, CFO
IR@RedWhiteBloom.com
947-225-0503

Visit us on the web: https://www.redwhitebloom.com/.

Twitter @rwbbrands

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Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

FORWARD LOOKING INFORMATION

Certain information contained in this news release may constitute "forward-looking information" or "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking information is often identified by the use of words such as “plans,” “expects,” “may,” “should,” “could,” “will,” “intends,” “anticipates,” “believes,” “estimates,” “forecasts,” or variations of such words and phrases, including the negative forms thereof, as well as terms such as “pro forma” and “scheduled,” and similar expressions that refer to future events or outcomes.

Forward-looking statements in this release include, without limitation, statements relating to the anticipated timing, review, completion, and filing of the Annual Filings and 2025-Q1 Filings; the expected duration of the FFCTO; and the Company's ongoing operations.

Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the risks associated with audit completion processes; regulatory reviews and approvals; and the risk that the Company may not be able to complete its Annual Filings within the timeframe currently anticipated.

There can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

The Company disclaims any obligation to update or revise any forward-looking information contained herein, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE COMPANY’S EXPECTATIONS AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.

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