Grown Rogue Closes USD$2.0M Convertible Debenture Financing
Summary
MEDFORD, OR, Dec. 5, 2022 /CNW/ - Grown Rogue International Inc. ("Grown Rogue" or the "Company") (CSE: GRIN) (OTC: GRUSF), a craft cannabis company operating in Oregon and Michigan, is pleased to announce it has closed a non-brokered private placement of convertible debentures (the "Convertible Debentures") with an aggregate principal amount of USD$2.0M. "Im excited to provide capital that will enable the company to not only grow into its existing footprint, but also to bring additional markets online as well. The Company has relied on the exemptions from the valuation and minority shareholder approval requirements under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") contained in section 5.5(b) and 5.7(a) of MI 61-101 in respect of such insider participation.The Convertible Debentures and Common Shares have not been registered under the United States Securities Act of 1933, as amended, and may not be reoffered or resold in the United States absent registration or an applicable exemption from the registration requirements.Grown Rogue International (CSE: GRIN | OTC: GRUSF) is a craft cannabis company operating in Oregon and Michigan. Our mission is to bring low cost, high quality, craft cannabis from the amazing terroir and legacy of Oregons Rogue Valley to consumers nationwide.Mindset Capital is a private investment firm that focuses on small to medium sized companies that are often underfollowed, misunderstood and/or undergoing change that isnt being appreciated by other investors.This press release contains statements which constitute "forwardlooking information" within the meaning of applicable securities laws and under the United States Private Securities Litigation Reform Act of 1995, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.