GRUSF - Grown Rogue Boosts Ownership Of Michigan Cannabis Operations | Benzinga
Grown Rogue International Inc. (CSE:GRIN) (OTC:GRUSF) has increased ownership in its Michigan operations from 52.2% to 80% via two transactions valued at $2.8 million.
The purchase price included $200,000 paid in cash and $2.6 million paid by way of four-year sellers’ notes, the company said on Thursday.
Grown Rogue boosted its ownership in Golden Harvests, LLC, the entity that controls its Michigan operations, operating out of an 80,000 sq ft facility containing roughly 15,000 sq ft of flowering bench space.
Other Deal Details
- Canopy Management, LLC holds a 60% interest in Golden Harvests and Canopy is 87% indirectly owned by Grown Rogue.
- Under the deal, the company bought the total remaining minority interest in Canopy for $800,000, which includes a 20% down ...