Grown Rogue International Announces Receipt for Final Short Form Prospectus
Grown Rogue or the
Company ) is pleased to announce that further to its press release of March 5, 2021, the Company has received a receipt (the
Final Receipt ) for its final short form prospectus dated April 23, 2021 (the
Prospectus ). The Prospectus qualifies the distribution of an aggregate of 23,162,579 units of the Company (each a
Unit ), which are issuable for no additional consideration upon the deemed exercise of 21,056,890 special warrants (each a
Special Warrant ) which were sold pursuant to a brokered private placement offering completed by the Company on March 5, 2021 (the
Offering ). The Special Warrants were sold at a price of $0.225 per Special Warrant for aggregate gross proceeds of $4,737,800.25. The Offering was led by Eight Capital (the
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Grown Rogue International Announces Closing of Upsized Private Placement of Special Warrants for Gross Proceeds of $4.7 Million
Grown Rogue or the
Company ) is pleased to announce that it has completed its previously announced upsized brokered private placement offering through the issuance of an aggregate of 21,056,890 special warrants (each a
Special Warrant ) at a price of $0.225 (the
Issue Price ) per Special Warrant for aggregate gross proceeds of $4,737,800.25 (the
Offering ). The Offering was led by Eight Capital (the
Agent ), as sole agent and bookrunner.
Each Special Warrant entitles the holder thereof to receive, for no additional consideration, one unit of the Company (each, a
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Grown Rogue Reports Positive Adjusted EBITDA on $6.3M of Pro Forma Revenue for Fiscal Year 2020
March 2, 2021 GMT
MEDFORD, Ore. (BUSINESS WIRE) Mar 2, 2021
Grown Rogue International Inc. (“Grown Rogue” or the “Company”) (CSE: GRIN) (OTC: GRUSF), a multi-state cannabis company with profitable operations and assets in Oregon and Michigan, has released its financial and operating results for the year ended October 31, 2020. The Company’s business strategy focuses on production efficiencies, driving higher margin product sales, and strategic acquisitions of distressed assets. Grown Rogue achieved positive Adjusted EBITDA 1 for the year ending October 31, 2020, with Cash Margin for Grown Rogue products 2 reaching 62%. Total Pro Forma revenue 3 including results for our Michigan operation was $6.3M, with Pro Forma Adjusted EBITDA 3 of $846K.
FORWARD LOOKING STATEMENTS
This press release contains statements which constitute “forward‐looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities. Forward‐looking information is often identified by the words “may,” “would,” “could,” “should,” “will,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “expect” or similar expressions and include, without limitation, information regarding: (i) statements regarding the future direction of the Company (ii) the ability of the Company to successfully achieve its business and financial objectives, (iii) plans for expansion of the Company into Michigan and securing applicable regulatory approvals, and (iv) expectations for other economic, business, and/or competitive factors. Investors are cautioned that forward‐looking info