BCSC Issues Failure-to-File Cease-Trade Order to Red White & Bloom Brands

*TORONTO —* Red White & Bloom Brands Inc. provided the following update
regarding the management cease trade order (“MCTO”) issued by the British
Columbia Securities Commission (“BCSC”) on May 1, 2025, under National
Policy 12-203 – Management Cease Trade Orders (“NP 12-203”).

As previously disclosed, the Company’s audited financial statements and
related management’s discussion and analysis (“MD&A”) for the fiscal year
ended December 31, 2024, as well as its interim filings for the period
ended March 31, 2025, were delayed beyond the prescribed deadlines under
applicable Canadian securities laws.

On or about June 23, 2025, the Company submitted a request to the BCSC for
a limited extension of the MCTO to align with the expected filing timeline
for the Annual Filings. On June 30, 2025, the BCSC advised the Company that
the request would not be granted. As a result, a Failure-to-File Cease
Trade Order (“FFCTO”) was issued, effective July 3, 2025. Prior to the
issuance of the FFCTO, the Company and its auditors provided the BCSC with
a detailed status update on the 2024 audit and related filings impacted by
the audit.

The Company remains confident it will complete its Annual Filings ahead of
the Annual General Meeting scheduled for July 11 and will promptly complete
the 2025-Q1 Filings thereafter.

The Company will continue complying with NP 12-203 reporting requirements
by filing bi-weekly default status reports until the Annual Filings and
2025-Q1 Filings are submitted.
About Red White & Bloom Brands Inc.

Red White & Bloom Brands is a multi-jurisdictional cannabis operator and
house of 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.