06:59 AM EDT, 07/18/2025 (MT Newswires) -- Red White & Bloom Brands (RWB.CN) on Friday released a delayed fourth-quarter 2024 earnings report showing it swing to a positive adjusted EBITDA.

Adjusted EBITDA was $6.3 million compared with a negative $91.3 million in the year-ago period, which included $94.6 million in non-cash impairments.

Revenues came in at $18.7 million, rising from $15.9 million.

The company's annual filings and interim financial statements and management's discussion and analysis for the first quarter of 2025 were delayed as well. As a result, a failure-to-file cease trade order was issued to the company, effective July 3.

With 2024 annual filings now completed, Red White & Bloom is now working to finalize and file the first-quarter documents. The cease trade order will remain in effect until the first-quarter filings are completed.