An anonymous director reports

RWB PROVIDES UPDATE ON FILING OF 2022 ANNUAL FINANCIAL STATEMENTS AND MD&A

Red White & Bloom Brands Inc. is providing an update on the timing of filing the audited annual financial statements, accompanying MD&A (management's discussion and analysis), and annual certificates for the period ended Dec. 31, 2022.

The company reports that it will require additional time to complete the annual filings, from its previously reported expectation to file by end of day on May 9, 2023. The company and its auditors continue to work collaboratively to ensure compliance with the aforementioned disclosures on an expedient basis.

Red White will issue a news release announcing completion of the annual filings once posted to SEDAR. The company anticipates that the cease trade order will be revoked within a few days after the required filings are made.

About Red White & Bloom Brands Inc.

Red White & Bloom is a multistate cannabis operator and house of premium brands in the United States legal cannabis sector. Red White is predominantly focusing its investments on the major U.S. markets, including Arizona, California, Florida, Massachusetts, Missouri and Michigan.

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