Material Change Report
Item 1Name and Address of Company
Red White & Bloom Brands Inc. (formerly, Tidal Royalty Corp.) (the “Company” or “RWB”)
810-789 West Pender Street
Vancouver, B.C. V6C 1H2
Item 2Date of Material Change
June 30, 2020
Item 3News Release
The new release was filed on SEDAR, disseminated through the facilities of Stockwatch and Market News Publishing Inc. and posted to the Issuer’s disclosure hall with the CSE on July 2, 2020.
Item 4Summary of Material Change
The Company entered into a debt settlement subscription agreement with an arm-length investor (the “Investor”) to settle outstanding advances made in the amount of CDN $5,848,000 incurred pursuant to advances made by the Investor to Pharmaco, in consideration for the issuance of 2,339,200 units (“Units”) issued at a deemed price of $2.50 per Unit.
Item 5Full Description of Material Change
5.1Full Description of Material Change
See the attached news release.
5.2Disclosure for Restructuring Transactions
Item 6Reliance on subsection 7.1(2) of National Instrument 51-102
Item 7Omitted Information
Item 8Executive Officer
Theo van der Linde, Chief Financial Officer
Item 9Date of Report
July 7, 2020