Grown Rogue Grants Options and Issues Shares

MEDFORD, Ore. -- 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, has announced that it has issued a total of 385,000 common shares to certain directors, contractors and employees of the Company relating to amounts owed for services rendered. The Company also issued 400,000 common shares to certain investors in Golden Harvests, LLC (“Golden Harvests”) in exchange for a reduction of debt owed to Golden Harvests in the amount of $100,000. In addition, the Company issued 600,000 common shares in satisfaction of certain option payments owing to Canopy Management, LLC (“Canopy Management”) in accordance with the option agreement entered into on February 4, 2021 providing Grown Rogue Unlimited, LLC the right to acquire 87% of Canopy Management, which shares were directed to be issued to certain owners of Golden Harvests in accordance with the option agreement between Canopy Management and the owners of Golden Harvests entered into on February 4, 2021 providing Canopy Management the right to acquire 60% of Golden Harvests. All of the above mentioned common shares were issued at a price of $0.25 per share. Read More

from Financial Post https://ift.tt/3u9jQvG