None
SEDAR Interim Financial Statements
RWB · Price
[
{
"metadata": {
"companyName": "Red White & Bloom Brands Inc.",
"reportingPeriodEnd": "2025-06-30",
"reportStatus": "Unaudited",
"auditorName": null,
"auditorKeyMatters": []
},
"coreStatements": {
"balanceSheet": {
"cashAndCashEquivalents": 2749,
"accountsReceivable": 12003,
"notesReceivable": 17297,
"prepaidExpenses": 1952,
"deposits": 8741,
"inventory": 41953,
"biologicalAssets": 1462,
"assetsHeldForSale": 12607,
"otherCurrentAssets": 959,
"totalCurrentAssets": 99723,
"propertyPlantAndEquipmentNet": 41281,
"intangibleAssetsNet": 95817,
"rightOfUseAssetsNet": 17383,
"longTermNotesReceivables": 3000,
"investments": 2479,
"goodwill": 13067,
"otherNonCurrentAssets": 1245,
"totalNonCurrentAssets": 174272,
"totalAssets": 273995,
"accountsPayableAndAccruedLiabilities": 18425,
"shortTermNotesPayable": 2948,
"shortTermConvertibleNotes": 4422,
"shortTermLeaseObligations": 763,
"incomeTaxesPayable": 14706,
"liabilitiesHeldForSale": 14121,
"otherCurrentLiabilities": 1174,
"totalCurrentLiabilities": 56559,
"longTermLeaseObligations": 304494,
"longTermConvertibleNotes": 44126,
"longTermNotesPayable": 21803,
"deferredTaxLiability": 17743,
"otherNonCurrentLiabilities": 117,
"totalNonCurrentLiabilities": 388283,
"totalLiabilities": 444842,
"shareCapital": 342111,
"contributedSurplus": 17358,
"cumulativeTranslationAdjustment": -6794,
"accumulatedDeficit": -521127,
"nonControllingInterest": -2395,
"totalShareholdersEquity": -170847,
"totalLiabilitiesAndShareholdersEquity": 273995,
"cashPerShare": 0.0058,
"workingCapitalPerShare": 0.0918
},
"incomeStatement": {
"revenue": 35597,
"costOfGoodsSoldBeforeFairValueAdjustments": 20591,
"grossProfitBeforeFairMarketValueAdjustments": 15006,
"unrealizedChangesInFairValueOfBiologicalAssets": -125,
"realizedFairValueAmountsIncludedInInventorySold": -7634,
"grossProfitAfterFairMarketValueAdjustments": 7247,
"generalAndAdministration": 13355,
"marketingExpenses": 2643,
"shareBasedCompensation": 43,
"depreciation": 1235,
"badDebtExpense": 1184,
"totalOperatingExpenses": 18460,
"lossFromOperationsBeforeOtherExpensesIncome": -11213,
"interestEarnedOnPromissoryNotes": -1584,
"interestIncome": -6,
"otherIncome": -5975,
"financeExpense": -24,
"interestOnCreditFacilities": null,
"interestOnConvertibleNotes": 3023,
"interestOnPromissoryNotes": 16981,
"accretedInterestOnConvertibleNotes": null,
"accretedInterestOnPromissoryNotes": null,
"accretedInterestLeases": 1348,
"acquisitionCosts": 19,
"businessTransactionCosts": 59,
"gainLossOnDisposalOfAssets": null,
"gainLossOnValuationOfFinancialInstruments": null,
"lossOnDebtExtinguishment": null,
"gainLossOnSettlementOfDebt": null,
"gainOnInvestments": 340,
"inventoryWriteDowns": 174,
"foreignExchange": 7924,
"totalOtherExpensesIncome": 22279,
"lossBeforeIncomeTaxes": -33491,
"currentIncomeTaxExpense": -2145,
"deferredIncomeTaxRecovery": 599,
"netLossFromContinuingOperations": -35037,
"profitLossFromDiscontinuedOperations": 22084,
"netProfitLossForThePeriod": -12953,
"translationAdjustment": -15093,
"netIncomeAndComprehensiveIncome": -28046,
"weightedAverageSharesOutstanding": 470221901
},
"cashFlowStatement": {
"netLossForThePeriod": -12953,
"itemsNotInvolvingCash": 4888,
"changeInAccountsReceivable": 3517,
"changeInPrepaidExpenses": -51,
"changeInDeposits": 1952,
"changeInInventory": 4154,
"changeInBiologicalAssets": -7563,
"changeInAccountsPayableAndAccruedLiabilities": -4902,
"changeInCurrentIncomeTaxPayable": -2657,
"changeInDeferredIncomeTaxes": -281,
"changeInOtherAssets": -1327,
"changeInOtherLiabilities": 1617,
"netCashProvidedByUsedInOperatingActivities": -13606,
"acquisitionOfPropertyPlantAndEquipmentInHeldForSale": -1510,
"acquisitionOfIntangibleAssets": null,
"acquisitionOfRightOfUseAssets": -1138,
"advancesOnNotesReceivable": -6105,
"interestReceiptsOnNotesReceivable": 169,
"principalReceiptsOnNotesReceivable": 2214,
"netCashProvidedByUsedInInvestingActivities": -6370,
"issuanceOfPromissoryNote": null,
"advancesOnNotesPayable": 20058,
"interestPaymentsOnNotesPayable": -112,
"principalPaymentsOnNotesPayable": -649,
"settlementOfCreditFacilityInDiscontinuedOperations": -12723,
"additionToLeases": 1141,
"principalPaymentsOnLeaseObligations": -94,
"interestPaymentsOnLeaseObligations": -1348,
"netCashProvidedByUsedInFinancingActivities": 6273,
"foreignExchangeAffectingCashEquivalents": 9167,
"changeInCashDuringThePeriod": -4536,
"cashEquivalentsBeginningOfYear": 7285,
"cashEndOfPeriod": 2749
}
},
"investmentsAndOtherAssets": [
{
"type": "Equity Investment",
"description": "8.94% equity interest in One Plant (Retail) Corp. (OPRC), a privately held cannabis retail operator in Canada",
"ownershipPercentage": 8.94,
"value": 2479,
"notes": "Measured at fair value through profit or loss. Carrying value as of June 30, 2025: 2,479 (thousands of CAD)."
}
],
"shareStructure": {
"authorizedShares": "Unlimited common shares and unlimited preferred shares",
"issuedShares": 470221901,
"classesOfShares": ["Common Shares", "Preferred Shares"],
"warrants": [],
"options": [
{ "number": 75000, "exercisePrice": 1.10, "expiryDate": "2025-07-06" },
{ "number": 15000, "exercisePrice": 0.66, "expiryDate": "2025-09-10" },
{ "number": 3400000, "exercisePrice": 0.65, "expiryDate": "2025-10-01" },
{ "number": 50000, "exercisePrice": 0.65, "expiryDate": "2025-10-12" },
{ "number": 150000, "exercisePrice": 0.67, "expiryDate": "2025-11-18" },
{ "number": 800000, "exercisePrice": 0.75, "expiryDate": "2025-12-03" },
{ "number": 400000, "exercisePrice": 0.63, "expiryDate": "2026-11-12" },
{ "number": 75000, "exercisePrice": 0.63, "expiryDate": "2026-11-26" },
{ "number": 6500000, "exercisePrice": 0.14, "expiryDate": "2027-10-07" },
{ "number": 200000, "exercisePrice": 0.20, "expiryDate": "2027-10-07" },
{ "number": 250000, "exercisePrice": 0.50, "expiryDate": "2027-10-07" },
{ "number": 1925000, "exercisePrice": 0.10, "expiryDate": "2029-10-03" },
{ "number": 1250000, "exercisePrice": 0.10, "expiryDate": "2033-03-15" }
],
"rightsConvertibleInstruments": "Convertible notes (AB, FCC, IBGL, VMOS, MV) and amended convertible notes (DICL, SDIL, CPIL) are outstanding. See note 22 for details."
},
"managementCompensation": {
"currency": "CAD",
"periods": {
"3 months ended June 30, 2025": {
"managementSalariesBonusesAndOtherBenefits": 46,
"consultingFeesByCompanyControlledByDirector": 15,
"shareBasedPaymentsOfficers": 4,
"shareBasedPaymentsDirectors": null,
"total": 65
},
"3 months ended June 30, 2024": {
"managementSalariesBonusesAndOtherBenefits": 304,
"consultingFeesByCompanyControlledByDirector": 51,
"shareBasedPaymentsOfficers": 10,
"shareBasedPaymentsDirectors": 22,
"total": 387
},
"6 months ended June 30, 2025": {
"managementSalariesBonusesAndOtherBenefits": 312,
"consultingFeesByCompanyControlledByDirector": 30,
"shareBasedPaymentsOfficers": 8,
"shareBasedPaymentsDirectors": null,
"total": 350
},
"6 months ended June 30, 2024": {
"managementSalariesBonusesAndOtherBenefits": 609,
"consultingFeesByCompanyControlledByDirector": 102,
"shareBasedPaymentsOfficers": 20,
"shareBasedPaymentsDirectors": 43,
"total": 774
}
},
"namedIndividuals": [],
"otherRelatedPartyTransactions": [
{
"counterparty": "Royal Group Resources, Ltd. (RGR)",
"description": "Release and Discharge Agreement to terminate RGR Credit Facility, release Pharmaco from repayment obligations, and discharge security interests in exchange for asset sale proceeds.",
"amount": 12722,
"period": "2025-03-29"
},
{
"counterparty": "Various related parties (BJSD, RGR, SDIL, CPIL, DICL, etc.)",
"description": "Amendments to multiple related party notes and convertible debentures to extend maturity dates, adjust interest rates, and remove convertible features.",
"amount": null,
"period": "2025-02-01"
}
]
},
"subsequentEvents": [
{
"eventDate": "2025-03-05",
"description": "Court confirmation of the Company's subsidiary as successful bidder for Pharmaco assets; purchase price US$8,850 (C$12,722).",
"impactValue": 12722
},
{
"eventDate": "2025-03-29",
"description": "Execution of Release and Discharge Agreement with RGR to settle Pharmaco debt obligations.",
"impactValue": null
},
{
"eventDate": null,
"description": "Advances on existing notes: USD $18,246 under RGR USD Grid Note and CAD $2,500 under RGR CAD Grid Note.",
"impactValue": null
}
]
}
]
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