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Grown Rogue Retires Senior Secured Convertible Debentures


Press release content from Business Wire. The AP news staff was not involved in its creation.
Grown Rogue Retires Senior Secured Convertible Debentures
May 10, 2021 GMT
MEDFORD, Ore. (BUSINESS WIRE) May 10, 2021
Grown Rogue International Inc. (“Grown Rogue” or the “Company”) (CSE: GRIN) (OTC: GRUSF), a multi-state cannabis company with operations and assets in Oregon and Michigan, today announced the retirement of the Company’s senior secured convertible debentures of CAD$2.36M that would have matured on November 1, 2021. The early retirement of the debt will save the Company CAD$100k in interest payments over 2021. The debt repayment also results in the removal of the general security agreement over all of the Company’s assets and leaves only $1.04M of term debt, of which $450k is current. Of the current amount of $450k, $100k will complete a payment contributing to an option payment to acquire Golden Harvests, LLC (“Golden Harvests”). This result ....

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