Craft Weed Company Grown Rogue Reorganizes Shares To Keep Its Foreign Private Issuer Status In The US
Craft Weed Company Grown Rogue Reorganizes Shares To Keep Its Foreign Private Issuer Status In The US
Craft cannabis company, Grown Rogue International Inc.(CSE:GRIN) (OTC:GRUSF) confirmed Monday it will implement a reorganization of the company's share capital as approved by the company's shareholders at its last annual and special meeting.
种植大麻公司Grown Rogue International Inc.（CSE:GRIN）（OTC:GRUSF）确认周一将实施公司股本重组，该重组获得了公司股东在上次的年度和特别会议上的批准。
"The purpose of the share reorganization is to preserve our foreign private issuer status in the United States and will have no impact on the voting power of any shareholder. Completing the share reorganization will allow us to defer the added reporting obligations and the conversion of our financial reporting standards from IFRS to GAAP," stated Obie Strickler, CEO of Grown Rogue. "Our accounting and finance team have already completed two sets of audited financial statements this year as a result of our change of year-end, and we want our entire team intently focused on our near-term operational and strategic goals, including getting our New Jersey and Illinois assets up and running."
Grown Rogue的首席执行官Obie Strickler表示：“股份重组的目的是为了在美国保持我们的外国私人发行人地位，不会对任何股东的表决权造成影响。完成股份重组将允许我们推迟额外的报告义务和我们的财务报告标准从IFRS改为GAAP的转换。我们的会计和财务团队已经完成了今年的两份经审计的财务报表，这是由于我们更改会计年度的结果，我们希望我们的整个团队紧密关注我们的近期运营和战略目标，包括让我们在新泽西和伊利诺伊州的资产得以运行。"
The share reorganization comes following the Oregon-based company's licensing approval with the New Jersey Cannabis Regulatory Commission and closed its first option to acquire 44% of ABCO Garden State, LLC.
在获得新泽西大麻监管委员会的许可并完成其首选项以收购ABCO Garden State，LLC的44%股份后，该公司进行了股份重组。
Share Reorganization Highlights
股份重组亮点
Under the share reorganization, the company intends to amend its articles to redesignate its existing class of common shares without par value in the capital of the company as subordinate voting shares and create a new class of unlisted multiple voting shares.
在股份重组下，公司将既有的无面值普通股重新指定为从属投票股，并创建一种未上市的多重投票股。
The new CUSIP and ISIN for the SV Shares are 39986R304 and CA39986R3045, respectively. The trading symbol for the SV Shares will remain "GRIN" on the Canadian Securities Exchange. The record date for the share reorganization is June 26, 2024, and the share reorganization will become effective on or about June 27, 2024.
SV股的新CUSIP和ISIN分别为39986R304和CA39986R3045。 SV股的交易符号在加拿大证券交易所上仍为“GRIN”。股份重组的记录日期为2024年6月26日，股票重组将于2024年6月27日左右生效。
Holders of common shares held in book-entry form or through a bank, broker or other nominee will have their positions automatically adjusted to reflect the share reorganization, subject to a broker's particular processes, and do not need to take any action in connection with the share reorganization. The letter of transmittal contains instructions on how registered shareholders can exchange their common share certificates for new certificates representing the SV Shares to which they are entitled.
通过银行，经纪人或其他代理持有的普通股将自动调整其仓位以反映股份重组，但需遵循经纪人的特定流程，无需采取任何与股份重组有关的行动。转让函中包含有关注册股东如何交换他们的普通股证书以代表他们有权获得的SV股权的说明。
Earlier this year, Grown Rogue also announced its debut in Illinois via a partnership with EBC Ventures, establishing Rogue EBC LLC, a joint venture poised to reshape the craft cannabis segment statewide.
今年早些时候，Grown Rogue还宣布通过与EBC Ventures合作在伊利诺伊州首次亮相，建立了Rogue EBC LLC，这是一家有望重塑该州精品大麻领域的合资企业。
Price Action
股价变动
Grown Rouge closed Monday market session 17.74% higher at 73 cents per share.
Grown Rouge周一的收盘价为每股73美分，高出17.74%。
Photo: Courtrsy of Anan Kaewkhammul via Shutterstock
照片：Shutterstock的Anan Kaewkhammul先生的礼貌。