Grown Rogue International Inc. (“Grown Rogue”) a multi-state cannabis company with operations and assets in Oregon and Michigan, is pleased to announce that it has received total investment commitments of up to US$400,000 in a non-brokered private placement that will be completed in two tranches (the “Offering”). In addition, Golden Harvests, LLC, (“Golden Harvests”) a Michigan-based cannabis operator for which the Company holds an option to acquire a controlling interest, closed a US$250,000 debt investment. The first tranche of the Offering for gross proceeds of approximately $US200,000 was completed on January 19, 2021, with 2,031,784 common shares being issued by Grown Rogue at a price of CDN $0.125. Under the second tranche, units of Grown Rogue, for gross proceeds of approximately US$200,000, will be offered at the greater of CDN$0.125 or and the 10 trading day VWAP prior to the date of the second tranche closing.
Mmp News Author, Medical Marijuana Program Connection, 01/19/2021 15:14:00