None
SEDAR Interim Financial Statements
RWB · Price
[
{
"companyName": "Red White & Bloom Brands Inc.",
"reportingPeriodEnd": "2025-09-30",
"reportStatus": "Unaudited",
"auditorName": null,
"auditorKeyMatters": [],
"balanceSheet": {
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"cashAndCashEquivalents": 4425,
"accountsReceivable": 10111,
"shortTermNotesReceivable": 27306,
"prepaidExpenses": 1535,
"deposits": 5485,
"inventory": 44572,
"biologicalAssets": 2630,
"assetsHeldForSale": 10630,
"otherCurrentAssets": 1029,
"totalCurrentAssets": 107723,
"propertyPlantAndEquipmentNet": 41272,
"intangibleAssetsNet": 97640,
"rightOfUseAssetsNet": 18793,
"longTermNotesReceivable": 3162,
"investment": 2479,
"goodwill": 13334,
"otherNonCurrentAssets": 1270,
"totalNonCurrentAssets": 177950,
"totalAssets": 285673,
"accountsPayableAndAccruedLiabilities": 17499,
"shortTermNotesPayable": 3058,
"shortTermConvertibleNotes": 4610,
"shortTermLeaseObligations": 945,
"incomeTaxesPayable": 19958,
"liabilitiesHeldForSale": 14511,
"otherCurrentLiabilities": 1294,
"totalCurrentLiabilities": 61875,
"longTermNotesPayable": 329467,
"longTermConvertibleNotes": 46349,
"longTermLeaseObligations": 23136,
"deferredTaxLiability": 18309,
"otherNonCurrentLiabilities": 158,
"totalNonCurrentLiabilities": 417419,
"totalLiabilities": 479294,
"shareCapital": 342111,
"contributedSurplus": 17380,
"currencyTranslationAdjustmentOci": -11776,
"accumulatedDeficit": -537848,
"nonControllingInterest": -3488,
"totalShareholdersEquityDeficit": -193621,
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"cashPerShare": 0.0094,
"workingCapitalPerShare": 0.0975
},
"asAt2024Dec31": {
"cashAndCashEquivalents": 7285,
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"deposits": 11186,
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"propertyPlantAndEquipmentNet": 43644,
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"goodwill": 13782,
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"totalNonCurrentAssets": 183029,
"totalAssets": 294391,
"accountsPayableAndAccruedLiabilities": 24074,
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"shortTermConvertibleNotes": 45187,
"shortTermLeaseObligations": 701,
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"totalCurrentLiabilities": 343033,
"longTermNotesPayable": 39157,
"longTermConvertibleNotes": 44071,
"longTermLeaseObligations": 22028,
"deferredTaxLiability": 19009,
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"totalNonCurrentLiabilities": 124387,
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"shareCapital": 342111,
"contributedSurplus": 17315,
"currencyTranslationAdjustmentOci": -21888,
"accumulatedDeficit": -511134,
"nonControllingInterest": 567,
"totalShareholdersEquityDeficit": -173029,
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}
},
"incomeStatement": {
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"salesRevenue": 16783,
"costOfGoodsSoldBeforeFairValueAdjustments": 10274,
"grossProfitBeforeFairMarketValueAdjustments": 6509,
"unrealizedChangesInFairValueOfBiologicalAssets": 2135,
"realizedFairValueAmountsIncludedInInventorySold": -157,
"grossProfitAfterFairMarketValueAdjustments": 8487,
"generalAndAdministration": 8112,
"marketingExpenses": 1587,
"shareBasedCompensation": 22,
"depreciation": 695,
"badDebtExpense": 1442,
"totalOperatingExpenses": 11858,
"lossFromOperationsBeforeOtherExpensesIncome": -3371,
"interestEarnedOnPromissoryNotes": -1127,
"interestIncome": null,
"otherExpensesIncome": 250,
"financeExpense": 10917,
"accretedInterestLeases": 692,
"acquisitionCosts": 7,
"businessTransactionCosts": 37,
"gainLossOnDisposalOfAssets": 1345,
"gainLossOnSettlementOfDebt": null,
"gainOnInvestments": null,
"inventoryWriteDowns": null,
"foreignExchange": -2883,
"totalOtherExpensesIncome": 9231,
"lossBeforeIncomeTaxes": -12602,
"currentIncomeTaxExpenseRecovery": -695,
"deferredIncomeTaxExpenseRecovery": -9,
"netLossFromContinuingOperations": -13306,
"profitLossFromDiscontinuedOperations": -4512,
"netProfitLossForThePeriod": -17818,
"currencyTranslationAdjustment": 4981,
"netIncomeLossAndComprehensiveIncomeLoss": -12837,
"earningsLossPerShareBasicAndDilutedFromContinuingOperations": -0.03,
"earningsLossPerShareBasicAndDilutedFromDiscontinuedOperations": -0.01,
"totalEarningsLossPerShareBasicAndDiluted": -0.04,
"weightedAverageNumberOfOutstandingCommonSharesBasicAndDiluted": 470221901
},
"threeMonthsEnded2024Sep30": {
"salesRevenue": 21290,
"costOfGoodsSoldBeforeFairValueAdjustments": 14413,
"grossProfitBeforeFairMarketValueAdjustments": 6877,
"unrealizedChangesInFairValueOfBiologicalAssets": -186,
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"generalAndAdministration": 7911,
"marketingExpenses": 1202,
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"badDebtExpense": 861,
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"lossFromOperationsBeforeOtherExpensesIncome": -1065,
"interestEarnedOnPromissoryNotes": -340,
"interestIncome": null,
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"financeExpense": 9646,
"accretedInterestLeases": 643,
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"gainLossOnDisposalOfAssets": 127,
"gainLossOnSettlementOfDebt": 640,
"gainOnInvestments": null,
"inventoryWriteDowns": null,
"foreignExchange": 2323,
"totalOtherExpensesIncome": 13132,
"lossBeforeIncomeTaxes": -14197,
"currentIncomeTaxExpenseRecovery": 7520,
"deferredIncomeTaxExpenseRecovery": 478,
"netLossFromContinuingOperations": -6199,
"profitLossFromDiscontinuedOperations": 3316,
"netProfitLossForThePeriod": -2883,
"currencyTranslationAdjustment": -1266,
"netIncomeLossAndComprehensiveIncomeLoss": -4149,
"earningsLossPerShareBasicAndDilutedFromContinuingOperations": -0.01,
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"totalEarningsLossPerShareBasicAndDiluted": -0.00,
"weightedAverageNumberOfOutstandingCommonSharesBasicAndDiluted": 474738811
},
"nineMonthsEnded2025Sep30": {
"salesRevenue": 52381,
"costOfGoodsSoldBeforeFairValueAdjustments": 30866,
"grossProfitBeforeFairMarketValueAdjustments": 21515,
"unrealizedChangesInFairValueOfBiologicalAssets": 2010,
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"grossProfitAfterFairMarketValueAdjustments": 15734,
"generalAndAdministration": 21467,
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"shareBasedCompensation": 65,
"depreciation": 1930,
"badDebtExpense": 2626,
"totalOperatingExpenses": 30318,
"lossFromOperationsBeforeOtherExpensesIncome": -14584,
"interestEarnedOnPromissoryNotes": -2712,
"interestIncome": -9,
"otherExpensesIncome": -5725,
"financeExpense": 30897,
"accretedInterestLeases": 2039,
"acquisitionCosts": 19,
"businessTransactionCosts": 95,
"gainLossOnDisposalOfAssets": 1345,
"gainLossOnSettlementOfDebt": null,
"gainOnInvestments": 340,
"inventoryWriteDowns": 174,
"foreignExchange": 5041,
"totalOtherExpensesIncome": 31504,
"lossBeforeIncomeTaxes": -46088,
"currentIncomeTaxExpenseRecovery": -2840,
"deferredIncomeTaxExpenseRecovery": 590,
"netLossFromContinuingOperations": -48338,
"profitLossFromDiscontinuedOperations": 17572,
"netProfitLossForThePeriod": -30766,
"currencyTranslationAdjustment": -10113,
"netIncomeLossAndComprehensiveIncomeLoss": -40879,
"earningsLossPerShareBasicAndDilutedFromContinuingOperations": -0.09,
"earningsLossPerShareBasicAndDilutedFromDiscontinuedOperations": 0.04,
"totalEarningsLossPerShareBasicAndDiluted": -0.05,
"weightedAverageNumberOfOutstandingCommonSharesBasicAndDiluted": 470221901
},
"nineMonthsEnded2024Sep30": {
"salesRevenue": 61581,
"costOfGoodsSoldBeforeFairValueAdjustments": 41915,
"grossProfitBeforeFairMarketValueAdjustments": 19666,
"unrealizedChangesInFairValueOfBiologicalAssets": -99,
"realizedFairValueAmountsIncludedInInventorySold": 3428,
"grossProfitAfterFairMarketValueAdjustments": 22995,
"generalAndAdministration": 21866,
"marketingExpenses": 3545,
"shareBasedCompensation": 165,
"depreciation": 2666,
"badDebtExpense": 3079,
"totalOperatingExpenses": 31321,
"lossFromOperationsBeforeOtherExpensesIncome": -8326,
"interestEarnedOnPromissoryNotes": -578,
"interestIncome": null,
"otherExpensesIncome": null,
"financeExpense": 28466,
"accretedInterestLeases": 1925,
"acquisitionCosts": 175,
"businessTransactionCosts": 158,
"gainLossOnDisposalOfAssets": 354,
"gainLossOnSettlementOfDebt": -121,
"gainOnInvestments": -7645,
"inventoryWriteDowns": null,
"foreignExchange": -4834,
"totalOtherExpensesIncome": 17900,
"lossBeforeIncomeTaxes": -26226,
"currentIncomeTaxExpenseRecovery": 4150,
"deferredIncomeTaxExpenseRecovery": 1619,
"netLossFromContinuingOperations": -20457,
"profitLossFromDiscontinuedOperations": 832,
"netProfitLossForThePeriod": -19625,
"currencyTranslationAdjustment": 13642,
"netIncomeLossAndComprehensiveIncomeLoss": -5983,
"earningsLossPerShareBasicAndDilutedFromContinuingOperations": -0.04,
"earningsLossPerShareBasicAndDilutedFromDiscontinuedOperations": 0.00,
"totalEarningsLossPerShareBasicAndDiluted": -0.04,
"weightedAverageNumberOfOutstandingCommonSharesBasicAndDiluted": 469521901
}
},
"cashFlowStatement": {
"nineMonthsEnded2025Sep30": {
"netLossForThePeriod": -30766,
"itemsNotInvolvingCash": 15145,
"accountsReceivable": 5631,
"prepaidExpenses": 401,
"deposits": 5357,
"inventory": 2075,
"biologicalAssets": -6727,
"accountsPayableAndAccruedLiabilities": -6121,
"currentIncomeTaxPayable": 2241,
"deferredIncomeTaxes": -82,
"otherAssets": -1410,
"otherLiabilities": 1617,
"netCashProvidedByUsedInOperatingActivities": -12639,
"acquisitionOfPropertyPlantAndEquipment": -1748,
"acquisitionOfPropertyPlantAndEquipmentInHeldForSale": 974,
"acquisitionOfRightOfUseAssets": -2468,
"advancesOnNotesReceivable": -16164,
"interestReceiptsOnNotesReceivable": 231,
"principalReceiptsOnNotesReceivable": 3617,
"netCashProvidedByUsedInInvestingActivities": -15558,
"issuanceOfPromissoryNote": null,
"advancesOnNotesPayable": 32067,
"interestPaymentsOnNotesPayable": -206,
"principalPaymentsOnNotesPayable": -1423,
"amendmentOfConvertibleDebt": null,
"settlementOfCreditFacilityInDiscontinuedOperations": -12722,
"additionToLeases": 1921,
"principalPaymentsOnLeaseObligations": -256,
"interestPaymentsOnLeaseObligations": -2039,
"netCashProvidedByUsedInFinancingActivities": 17342,
"foreignExchangeAffectingCashEquivalents": 7995,
"changeInCashDuringThePeriod": -2860,
"cashEquivalentsBeginningOfYear": 7285,
"cashEndOfPeriod": 4425
},
"nineMonthsEnded2024Sep30": {
"netLossForThePeriod": -19625,
"itemsNotInvolvingCash": 28110,
"accountsReceivable": 45,
"prepaidExpenses": -361,
"deposits": -3236,
"inventory": -4648,
"biologicalAssets": -4700,
"accountsPayableAndAccruedLiabilities": -1453,
"currentIncomeTaxPayable": -4161,
"deferredIncomeTaxes": -1925,
"otherAssets": -701,
"otherLiabilities": -358,
"netCashProvidedByUsedInOperatingActivities": -13013,
"acquisitionOfPropertyPlantAndEquipment": -2844,
"acquisitionOfPropertyPlantAndEquipmentInHeldForSale": null,
"acquisitionOfRightOfUseAssets": -303,
"advancesOnNotesReceivable": -6732,
"interestReceiptsOnNotesReceivable": 10,
"principalReceiptsOnNotesReceivable": 1009,
"netCashProvidedByUsedInInvestingActivities": -8764,
"issuanceOfPromissoryNote": 5750,
"advancesOnNotesPayable": 33267,
"interestPaymentsOnNotesPayable": -1678,
"principalPaymentsOnNotesPayable": -5629,
"amendmentOfConvertibleDebt": null,
"settlementOfCreditFacilityInDiscontinuedOperations": null,
"additionToLeases": -302,
"principalPaymentsOnLeaseObligations": -337,
"interestPaymentsOnLeaseObligations": -1925,
"netCashProvidedByUsedInFinancingActivities": 29146,
"foreignExchangeAffectingCashEquivalents": -5385,
"changeInCashDuringThePeriod": 1982,
"cashEquivalentsBeginningOfYear": 2251,
"cashEndOfPeriod": 4233
}
},
"investmentsAndOtherAssets": [
{
"type": "Equity Investment",
"description": "8.94% equity interest in One Plant (Retail) Corp. (OPRC)",
"ownershipPercentage": 8.94,
"value": 2479,
"notes": "Measured at fair value through profit or loss. No significant influence."
}
],
"shareStructure": {
"authorizedShares": "Unlimited",
"issuedShares": 470221901,
"classesOfShares": [
"Common shares without par value",
"Preferred shares without par value"
],
"warrants": [],
"options": [
{
"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": "See note 22 for convertible debt details."
},
"managementCompensation": {
"currency": "CAD",
"periods": {
"threeMonthsEnded2025Sep30": {
"managementSalariesBonusesAndOtherBenefits": 46418,
"consultingFeesByCompanyControlledByDirector": 15000,
"shareBasedPaymentsOfficers": 4237,
"shareBasedPaymentsDirectors": null,
"total": 65655
},
"threeMonthsEnded2024Sep30": {
"managementSalariesBonusesAndOtherBenefits": 304490,
"consultingFeesByCompanyControlledByDirector": 51007,
"shareBasedPaymentsOfficers": 10134,
"shareBasedPaymentsDirectors": 21752,
"total": 387383
},
"nineMonthsEnded2025Sep30": {
"managementSalariesBonusesAndOtherBenefits": 512792,
"consultingFeesByCompanyControlledByDirector": 45000,
"shareBasedPaymentsOfficers": 12573,
"shareBasedPaymentsDirectors": null,
"total": 570365
},
"nineMonthsEnded2024Sep30": {
"managementSalariesBonusesAndOtherBenefits": 913207,
"consultingFeesByCompanyControlledByDirector": 152991,
"shareBasedPaymentsOfficers": 30147,
"shareBasedPaymentsDirectors": 64784,
"total": 1161129
}
},
"namedIndividuals": [],
"otherRelatedPartyTransactions": [
{
"counterparty": "Company controlled by a director",
"description": "Consulting fees",
"amount": 15000,
"period": "3 months ended September 30, 2025"
},
{
"counterparty": "Company controlled by a director",
"description": "Consulting fees",
"amount": 51007,
"period": "3 months ended September 30, 2024"
},
{
"counterparty": "Company controlled by a director",
"description": "Consulting fees",
"amount": 45000,
"period": "9 months ended September 30, 2025"
},
{
"counterparty": "Company controlled by a director",
"description": "Consulting fees",
"amount": 152991,
"period": "9 months ended September 30, 2024"
},
{
"counterparty": "Royal Group Resources, Ltd. (RGR)",
"description": "Release and Discharge Agreement for Pharmaco Inc. credit facility",
"amount": null,
"period": "March 29, 2025"
},
{
"counterparty": "Royal Group Resources, Ltd. (RGR)",
"description": "Asset purchase of Pharmaco Inc. assets by Red White & Bloom Michigan (2024), Inc.",
"amount": 12722,
"period": "March 5, 2025"
}
]
},
"subsequentEvents": [
{
"eventDate": "2025-10-15",
"description": "Receivership order submitted for RWB Michigan, LLC following default under senior secured loan agreement with RGR.",
"impactValue": null
},
{
"eventDate": "2025-10-21",
"description": "Sale of non-core commercial real estate properties in Michigan for net proceeds of $792 thousand.",
"impactValue": 792
},
{
"eventDate": "2025-11-07",
"description": "Sale of non-core commercial real estate property in Michigan for a promissory note of $1,250 thousand, bearing 5.00% interest, with monthly payments commencing January 1, 2026.",
"impactValue": 1250
},
{
"eventDate": null,
"description": "Advances on existing notes: USD $1,000 under RGR USD Grid Note and CAD $2,500 under RGR CAD Grid Note for working capital.",
"impactValue": null
},
{
"eventDate": "2025-12-15",
"description": "Scheduled mediation proceedings with former auditors seeking restitution for costs incurred.",
"impactValue": null
}
]
}
]
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