Marijuana multistate operator Red White & Bloom Brands, which earlier this year cut costs to reduce debt, said it expects another two-week delay in filing its 2021 annual report and first-quarter 2022 report as its finances continue to be audited.
The Canadian-headquartered company, which operates in states including Arizona, California, Florida, Illinois, Massachusetts and Michigan, previously had expected to be able to make its annual and quarterly filings by July 15.
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However, Red White & Bloom said in a news release that it had been informed by its Los Angeles-based auditor, Macias Gini & O’Connell, “that it (MGO) would not be in a position to complete the audit by July 15, 2022.”
“The company has been working diligently with MGO to ensure that the audit is completed as soon possible,” Red White & Bloom said in the news release.
The company’s stock price declined slightly on the news,
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