Northwire Canada EditionFriday, July 10, 2026
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AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.67 +3.7% SGZ 0.040 −11.1% GRSL 0.310 −3.1% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.67 +3.7% SGZ 0.040 −11.1% GRSL 0.310 −3.1%

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Original News Release

Red White & Bloom's 2024 revenue at $80.2-million

Red White & Bloom Brands Inc Jul 18, 2025 · 10:06 RWB As distributed — unedited
Mr. Edoardo Mattei reports RED WHITE & BLOOM BRANDS REPORTS FISCAL 2024 FINANCIAL RESULTS Red White & Bloom Brands Inc. has filed its consolidated audited financial statements for the year ended Dec. 31, 2024, together with the related management discussion and analysis (MD&A), and accompanying chief executive officer and chief financial officer certifications. As previously disclosed, the company's annual filings and its interim financial statements and MD&A for the three-month period ended March 31, 2025, were delayed beyond the prescribed deadlines under applicable Canadian securities laws. As a result, a failure-to-file cease trade order (FFCTO) was issued by the applicable securities regulator, effective July 3, 2025. With the annual filings now completed, the company is working diligently to finalize and file the Q1 2025 filings. The FFCTO will remain in effect until the Q1 2025 filings are completed and the applicable securities regulator revokes the order. 2024 fourth quarter consolidated results compared to restated 2023 fourth quarter: Revenues were $18.7-million for Q4 2024, representing a $2.8-million increase compared with restated Q4 2023 revenues of $15.9-million. Gross profit, after fair-value adjustments, was $5.4-million for Q4 2024, a decrease of $5.1-million from restated Q4 2023 gross profit after fair-value adjustments of $10.6-million. Operating expenses totalled $9.1-million for Q4 2024, a decrease of $3.7-million compared with restated Q4 2023 operating expenses of $12.8-million. EBITDA (earnings before interest, taxes, depreciation and amortization) was $6.3-million for Q4 2024, an increase of $97.6-million compared with restated Q4 2023 negative adjusted EBITDA of $91.3-million, which included $94.6-million in non-cash impairments. Fiscal year 2024 consolidated results compared with restated fiscal year 2023: Revenues for fiscal 2024 were $80.2-million, reflecting a $10.6-million increase compared with restated fiscal 2023 revenues of $69.6-million. Gross profit, after fair-value adjustments, for fiscal 2024 totalled $28.4-million, an increase of $3.4-million from restated fiscal 2023 gross profit after fair-value adjustments of $25-million, marking an increase of $3.4-million. Operating expenses for fiscal 2024 were $40.4-million, an increase of $9.4-million compared with restated fiscal 2023 operating expenses of $31-million. EBITDA was $10.8-million for fiscal 2024, a net increase improvement of $99.76-million compared with fiscal 2023 adjusted EBITDA of negative $89-million, which included $94.6-million in non-cash impairments. For additional details on the company's financial results, refer to the company's filings on SEDAR+. About Red White & Bloom Brands Inc. Red White & Bloom is a multistate cannabis operator and house of premium brands operating in the United States, Canada and select international jurisdictions. Red White & Bloom is predominantly focusing its investments on major U.S. markets, including California, Florida, Missouri, Michigan and Ohio, in addition to Canadian and international markets. We seek Safe Harbor.
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