Latest news with #Mattei
Yahoo
30-05-2025
- Business
- Yahoo
Red White & Bloom Brands Provides Update on Status of Annual Filings
TORONTO, May 30, 2025 (GLOBE NEWSWIRE) -- Red White & Bloom Brands Inc. (CSE: RWB) ('RWB' or the 'Company') is providing an update on the status of a management cease trade order granted on May 1, 2025 (the "MCTO") by the British Columbia Securities Commission under National Policy 12-203 – Management Cease Trade Order ("NP 12-203"). On May 1, 2025, the Company announced that, for reasons disclosed in the news release, there would be a delay in the filing of its financial statements and accompanying management's discussion and analysis for the fiscal year ended December 31, 2024 (the "Annual Filings") beyond the period prescribed under applicable Canadian securities laws. The Company reports that the audit continues to progress, and it will provide a further update on the timing of its Annual Filings on or about June 13, 2025, if it has not filed by this date. The Company is also progressing on the completion of its interim financial statements and accompanying management's discussion and analysis for the first quarter ended March 31, 2025 (the "2025-Q1 Filings"). The Company advises that the 2025-Q1 Filings will be filed within five business days from the date the Annual Filings are completed. Further updates on timing will be provided by the Company as necessary. During the MCTO, the general investing public will continue to be able to trade in the Company's listed common shares. However, the Company's chief executive officer, president and chief financial officer will not be able to trade in the Company's shares. Other than as disclosed in this news release, there are no material changes to the information contained in the initial press release associated with the MCTO. The Company confirms that it intends to satisfy the provisions of NP 12- 203 and will continue to issue bi-weekly default status reports for so long as it remains in default of the Annual Filings requirement. These updates will include information regarding the progress of the Annual Filings and any material changes to the Company's business, if any. About Red White & Bloom Brands Inc. Red White & Bloom Brands is a multi-jurisdictional cannabis operator and house of premium brands operating in the United States, Canada and select international jurisdictions. The Company is predominantly focusing its investments on major U.S. markets, including California, Florida, Missouri, Michigan, and Ohio in addition to Canadian and international markets. Red White & Bloom Brands and Media RelationsEdoardo Mattei, CFOIR@ us on the web: Follow us on social media: X @rwbbrands Facebook @redwhitebloombrands Instagram @redwhitebloombrands Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. FORWARD LOOKING INFORMATION Certain information contained in this news release may constitute "forward-looking information" or "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking information is often identified by the use of words such as 'plans,' 'expects,' 'may,' 'should,' 'could,' 'will,' 'intends,' 'anticipates,' 'believes,' 'estimates,' 'forecasts,' or variations of such words and phrases, including the negative forms thereof, as well as terms such as 'pro forma' and 'scheduled,' and similar expressions that refer to future events or outcomes. Forward-looking statements in this release include, without limitation, statements relating to the anticipated timing, review, completion, and filing of the Annual Filings and Q1 Filings; the expected duration of the MCTO; the Company's ongoing operations; and the Company's intention to issue bi-weekly default status updates. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the risks associated with audit completion processes; regulatory reviews and approvals; market conditions; the Company's financial condition and liquidity; the ability to achieve the anticipated benefits of the debt restructuring; and the risk that the Company may not be able to complete its Annual Filings within the timeframe currently anticipated. There can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking information contained herein, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws. THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE COMPANY'S EXPECTATIONS AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-05-2025
- Business
- Yahoo
Red White & Bloom Brands Provides Update on Status of Management Cease Trade Order
TORONTO, May 15, 2025 (GLOBE NEWSWIRE) -- Red White & Bloom Brands Inc. (CSE: RWB) ('RWB' or the 'Company') is providing this update on the status of a management cease trade order granted on May 1, 2025 (the "MCTO") by the British Columbia Securities Commission under National Policy 12-203 – Management Cease Trade Order ("NP 12-203"). On May 1, 2025, the Company announced that, for reasons disclosed in the news release, there would be a delay in the filing of its financial statements and accompanying management's discussion and analysis for the fiscal year ended December 31, 2024 (the "Annual Filings") beyond the period prescribed under applicable Canadian securities laws (the "Default Announcement"). The Company reports that the audit continues to progress and the Company will provide a further update on the timing of its Annual Filings on or about May 30, 2025 if it has not filed prior to this date. The Company is also progressing on completion of its interim financial statements and accompanying management's discussion and analysis for the first quarter ended March 31, 2025, and will provide a further update on or before May 30, 2025. Further updates on timing will be provided by the Company as necessary. During the MCTO, the general investing public will continue to be able to trade in the Company's listed common shares. However, the Company's chief executive officer, president and chief financial officer will not be able to trade in the Company's shares. Other than as disclosed in this news release, there are no material changes to the information contained in the initial press release associated with the MCTO. The Company confirms that it intends to satisfy the provisions of NP 12- 203 and will continue to issue bi-weekly default status reports for so long as it remains in default of the Annual Filings requirement. These updates will include information regarding the progress of the Annual Filings and any material changes to the Company's business, if any. About Red White & Bloom Brands Inc. Red White & Bloom Brands is a multi-jurisdictional cannabis operator and house of premium brands operating in the United States, Canada and select international jurisdictions. The Company is predominantly focusing its investments on major U.S. markets, including California, Florida, Missouri, Michigan, and Ohio in addition to Canadian and international markets. Red White & Bloom Brands and Media RelationsEdoardo Mattei, CFOIR@ us on the web: Follow us on social media: X @rwbbrands Facebook @redwhitebloombrands Instagram @redwhitebloombrands Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. FORWARD LOOKING INFORMATION Certain information contained in this news release may constitute "forward-looking information" or "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking information is often identified by the use of words such as 'plans,' 'expects,' 'may,' 'should,' 'could,' 'will,' 'intends,' 'anticipates,' 'believes,' 'estimates,' 'forecasts,' or variations of such words and phrases, including the negative forms thereof, as well as terms such as 'pro forma' and 'scheduled,' and similar expressions that refer to future events or outcomes. Forward-looking statements in this release include, without limitation, statements relating to the anticipated timing, review, completion, and filing of the Annual Filings; the expected duration of the MCTO; the Company's ongoing operations; and the Company's intention to issue bi-weekly default status updates. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the risks associated with audit completion processes; regulatory reviews and approvals; market conditions; the Company's financial condition and liquidity; the ability to achieve the anticipated benefits of the debt restructuring; and the risk that the Company may not be able to complete its Annual Filings within the timeframe currently anticipated. There can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking information contained herein, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws. THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE COMPANY'S EXPECTATIONS AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
CBS News
16-04-2025
- CBS News
DEA official: Agents seizing large quantities of methamphetamine in Minnesota more often
A top official with the U.S. Drug Enforcement Administration says agents could take a record amount of methamphetamine off of Minnesota streets this year if the current pace continues. Last year, the DEA seized more than 2,000 pounds of meth in the state, said Acting Special Agent in Charge Rafael Mattei with the agency's Omaha division, which covers Minnesota. That's enough to fill each seat in Target Field in Minneapolis with more than 380 doses of it. "Ten years ago, we would celebrate when we got one pound off of a dealer on the street. That was a big seizure for us. Today, we're seizing triple-digit amounts," Mattei told WCCO in an interview from the Minneapolis field office Wednesday. That data from last year only reflects what the DEA is catching, and does not include other federal, tribal and local law enforcement agencies. Mattei said the DEA is on pace to confiscate the same amount as last year — or more. "In Minnesota, meth is king. We are really swamped with meth right now," he added. On Wednesday morning alone, agents intercepted 30 pounds of it. In recent years, there has been a heightened focus on fentanyl and its deadly dangers for good reason. But meth, Mattei explained, doesn't capture the same attention, despite its prevalence becoming a bigger problem. Congress 20 years ago passed a law limiting over-the-counter sales of products at pharmacies with ingredients that can be used to make meth at home. That led to domestic production dwindling, he said. Now, the main source of supply is coming across the U.S.-Mexico border. "[The cartels] are making more than ever. They are pushing more than ever—they're just pushing that product up. So that's why we're seeing bigger seizures," Mattei said. Just last week, a federal grand jury indicted five men in the state for a drug trafficking conspiracy scheme distributing large amounts of meth and fentanyl, according to the U.S. Attorney's Office . The group was affiliated with the Sureños , a transnational criminal street gang, federal prosecutors said. The case stemmed from a DEA investigation. "The Sureños and other drug cartels are dangerous criminal organizations that are fueling the drug crisis in America," said Acting U.S. Attorney Lisa D. Kirkpatrick in a news release. "Cartel-backed drug dealers are on notice. Do not bring your poison to Minnesota. If you do, you will see federal charges and federal prison time." The DEA's "National Take Back Day" is scheduled for April 26. That's when the public can turn in any unneeded medications to their local police departments. The goal is to prevent misuse of prescription opioids.
Morocco World
24-03-2025
- Business
- Morocco World
Italian Ambassador Recognizes Morocco's Role as Bridge Between Africa, Europe
Rabat – Morocco's leadership is getting more international recognition for its leading roles connecting Europe and Africa. Italy's ambassador to the country Armando Barucco described the North African country as a 'genuine hub' between the two continents. In a remote interview with Italian Italpress news agency, Barucco said the country 'strives to develop infrastructure and stability for the Sahel countries.' He noted Morocco's wealthy investment atmosphere, which offers opportunities for infrastructure projects. The Italian diplomat also stressed that the country's position in North Africa provides his country's companies access to Africa's economy, trade, and industry. Barucco also noted the importance of security collaboration and partnership with Morocco, calling it a 'fundamental' country on that matter. The Italian ambassador recalled the robust bilateral cooperation between Italy and Morocco, particularly in economic and commercial sectors, noting an 'extraordinary' recovery following the pandemic. He also encouraged Italian investors to seize opportunities in Morocco, especially as the country prepares to co-host the 2030 World Cup alongside Spain and Portugal. Read also: Historical Documents Reveal Moroccan Italian Relations in 1875 The ambassador added that Morocco is a key partner for Italy in renewables and energy transition within the framework of the Mattei plan. He recognized Morocco's leadership role in supporting African nations through its triangular program focused on energy transition and regional integration. Cooperation between the two nations spans multiple industries including automotive, healthcare, training, waste management, railroads, seawater desalination, scientific research, and joint development projects. The diplomat commended Morocco's modernization and investments across various sectors including infrastructure, communications technology, and renewable and green energy. He announced that Morocco will soon host an office of 'La Cassa Depositi e Prestiti,' joining the select few countries represented by this Italian public institution that finances diverse projects. Italy is one of the North African country's top trading partners and has nearly 200 Italian companies established in Morocco across diverse sectors. Tags: Morocco Europe AfricaMorocco italyMorocco leadership
Yahoo
28-02-2025
- Business
- Yahoo
Italy Takes First Step Toward Return to Nuclear Generation
(Bloomberg) -- Italy's cabinet has approved a new legal framework aimed at reintroducing nuclear power generation, as Prime Minister Giorgia Meloni's government looks to overturn a decades-long ban. Cuts to Section 8 Housing Assistance Loom Amid HUD Uncertainty The Trump Administration Takes Aim at Transportation Research Shelters Await Billions in Federal Money for Homelessness Providers NYC's Congestion Pricing Pulls In $48.6 Million in First Month NYC Office Buildings See Resurgence as Investors Pile Into Bonds Following years of debate in the country and repeated votes on the issue, the proposed new legislation marks the first concrete steps by Meloni's right-wing administration toward lifting the prohibition on nuclear generation. The legislation was approved at cabinet meeting on Friday. The new framework sets out planning for fusion and power production from sustainable sources, according to a government document. It includes a call for the government to decide what technology can be used and where plants can be located. The measure allows the government to adopt a series of legislative decrees and set up a framework aimed at allowing the drafting of a national strategic plan for 2027. 'With new generation nuclear power, together with renewables we will be able to achieve our decarbonisation objectives, guaranteeing full energy security for the country,' Energy Minister Gilberto Pichetto Fratin said in a press conference in Rome following the approval. The Environment and Energy Ministry will have at its disposal €20 million per year from 2027 to 2029 to invest in the plan, according to the document. While Italy outlawed both production and use of nuclear energy in a 1987 referendum and a follow-up measure in 2011, Meloni's government has been lobbying for new nuclear-industry investments since it took office in 2022. Italy is also working on setting up a company to build small reactors, Bloomberg reported in September. The energy crunch after the Russian invasion of Ukraine and the subsequent spike in gas prices have given the nuclear issue new urgency. Italy has been working to diversify its sourcing, and Meloni has said that strategic autonomy in energy is a top priority. Rome recently unveiled a €1 billion ($1 billion) plan for a subsea electricity connection with Albania, while its 'Mattei' initiative to strengthen ties with Africa is partly linked to bolstering energy security. Trump's SALT Tax Promise Hinges on an Obscure Loophole Warner Bros. Movie Heads Are Burning Cash, and Their Boss Is Losing Patience Walmart Wants to Be Something for Everyone in a Divided America China Learned to Embrace What the US Forgot: The Virtues of Creative Destruction OXO Fought Back Against the Black Spatula Panic. People Defected Anyway ©2025 Bloomberg L.P.
