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
March 31, 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 March 31, 2021, the Company announced that it closed a debt settlement and issued 237,500 common shares at a deemed value of $1.44 per common share to settle $342,000 in debt.
The Company also issued 174,500 restricted share units to two consultants that vest immediately, each restricted share unit was issued at a price of $1.44 per restricted share unit.
Item 5Full Description of Material Change
5.1Full Description of Material Change
Please see the attached news release for a full description of the Material Change.
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
April 9, 2021.