Red Raven Comics was Joe Simon's first assignment as a freelance editor for Timely after he left Fox. No blurbs at the end of the stories in this issue indicate that there will be a Red Raven Comics #2. Instead they all advertise either Marvel Mystery Comics or in one case Mystic Comics, suggesting that perhaps Red Raven Comics was cancelled even before it went to press.
The on-sale date is from the publication date recorded in the Catalog of Copyright Entries, Part 2, Periodicals, 1940, New Series, Vol. 35, No. 3.