Grown Rogue Boosts Ownership Of Michigan Cannabis Operations
Grown Rogue Boosts Ownership Of Michigan Cannabis Operations
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.
Grown Rogue International Inc.（CSE: GRIN）（场外交易代码：GRUSF）通过两笔价值280万美元的交易，已将其密歇根州业务的所有权从52.2％增加到80％。
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.
该公司周四表示，收购价格包括以现金支付的20万美元和以四年期卖方票据支付的260万美元。
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.
Grown Rogue增加了其在控制其密歇根州业务的实体Golden Harvests, LLC的所有权，该设施占地8万平方英尺，其中包含约15,000平方英尺的开花台空间。
Other Deal Details
其他优惠详情
- 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 payment in cash and monthly payments for four years with an interest rate of 5.2% per annum.
- Grown Rogue purchased 20% of the minority interest in Golden Harvests for $2 million, which includes minimum quarterly payments in cash for four years.
- The transaction provides for a valuation of Golden Harvests at $10 million.
- All payments owing to the sellers are expected to be completed with cash on hand and cash generated from operations.
- The company retains the option to acquire the remaining 20% of Golden Harvests at a fair market valuation.
- The minority interest in Golden Harvests is owned by Dave Pleitner, an insider of the company, and 8% of the interest in Canopy is owned by certain directors of the company.
- Canopy Management, LLC持有Golden Harvests60％的权益，Canopy由Grown Rogue间接持有87％的股权。
- 根据该协议，该公司以80万美元的价格收购了Canopy的剩余少数股权总额，其中包括20％的现金首付和为期四年的每月付款，年利率为5.2％。
- Grown Rogue以200万美元的价格购买了Golden Harvests20％的少数股权，其中包括四年内最低季度现金付款。
- 该交易规定Golden Harvests的估值为1000万美元。
- 应付给卖方的所有款项预计将使用手头现金和运营产生的现金来完成。
- 该公司保留按公平市场估值收购Golden Harvests剩余20％股份的选择权。
- Golden Harvests的少数股权归公司内部人士戴夫·普莱特纳所有，Canopy的8％权益由该公司的某些董事拥有。
"Michigan is such an important asset to our Company because it was the first market we proved we could migrate our operational excellence from Oregon to additional markets," said Obie Strickler, CEO of Grown Rogue. "Michigan has been a tremendous market for us, and we are thrilled to own a larger piece of this strong business. Michigan still has approximately 25,000 sq ft of facility that can be built out and we are in discussions to expand and optimize the additional capacity."
Grown Rogue首席执行官奥比·斯特里克勒表示：“密歇根州对我们公司来说是一笔非常重要的资产，因为这是我们证明我们可以将卓越运营从俄勒冈州转移到其他市场的第一个市场。”“密歇根州对我们来说是一个巨大的市场，我们很高兴能在这家强劲的业务中拥有更大的份额。密歇根州仍有大约25,000平方英尺的设施可供建造，我们正在讨论扩大和优化额外产能。”
GRUSF Price Action
GRUSF 价格走势
Grown Rogue's shares traded 0.15% lower at $0.651 per share at the time of writing on Thursday morning.
在周四上午撰写本文时，Grown Rogue的股价下跌0.15％，至每股0.651美元。
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