GRUSF - Craft Weed Company Grown Rogue Reorganizes Shares To Keep Its Foreign Private Issuer Status In The US | Benzinga
Craft cannabis company, Grown Rogue International Inc.(CSE:GRIN) (OTC:GRUSF) confirmed Monday it will implement a reorganization of the company’s share capital as approved by the company's shareholders at its last annual and special meeting.
“The purpose of the share reorganization is to preserve our foreign private issuer status in the United States and will have no impact on the voting power of any shareholder. Completing the share reorganization will allow us to defer the added reporting obligations and the conversion of our financial reporting standards from IFRS to GAAP,” stated Obie Strickler, CEO of Grown Rogue. “Our accounting and finance team have already completed two sets of audited financial statements this year as a result of our change of year-end, and we want our entire team intently focused on ...