Material Change Report
Item 1Name and Address of Company
Red White & Bloom Brands Inc. (formerly, Tidal Royalty Corp.) (the “Company”)
810 - 789 West Pender Street
Vancouver, B.C. V6C 1H2
Item 2Date of Material Change
February 25, 2021
Item 3News Release
The new release was filed on SEDAR, disseminated through the facilities of GlobeNewswire and posted to the Company’s disclosure hall with the Canadian Securities Exchange (the “CSE”).
Item 4Summary of Material Change
On February 25, 2021, the Company announced it has entered into a definitive agreement with HSCP, LLC (the “Seller” a subsidiary of Acreage Holdings Inc. (“Acreage”)), pursuant to which a newly incorporated subsidiary of the Company, RWB Florida LLC will purchase all of the issued and outstanding shares of Acreage Florida, Inc. from the Seller.
Item 5Full Description of Material Change
5.1Full Description of Material Change
Please 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
Johannes van der Linde, Director and CFO
Item 9Date of Report
March 5, 2021