Red White & Bloom Brands Provides Update on Financial Statement Filings

Red White & Bloom Brands Inc. (CSE: RWB and OTCQX: RWBYF) (“RWB” or the “Company”), a multi-state cannabis operator and house of premium brands, is providing an update with respect to the filing of the Company’s audited annual financial statements for the year ended December 31, 2020, the related management’s discussion and analysis and related CEO and CFO certificates for the year ended December 31, 2020 (collectively, the “Documents”), further to its June 15, 2021 update.

The Company and Macias Gini & O’Connell LLP (“MGO”), with the full support of MNP LLP (“MNP”) continue to work towards completing the audit and filing the Documents in a timely manner.

The Company continues to work diligently and expeditiously with MGO to finalize the Documents. The Company confirms that it intends to satisfy the provisions of NP 12- 203 and will continue to issue bi-weekly default status reports for so long as it remains in default of the annual filing requirements. The Company will issue a news release announcing completion of filing the Documents in due course.

As previously disclosed in the June 15, 2021 update, the delay in completing the filing of the Documents was due to the Company’s previous auditor MNP not completing its audit procedures in advance of the filing deadline due to a health problem with the audit partner on the Company’s file.

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