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）（場外交易代碼：GRUSF）通過兩筆價值280萬美元的交易，已將其密歇根州業務的所有權從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.
該公司週四表示，收購價格包括以現金支付的20萬美元和以四年期賣方票據支付的260萬美元。
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業務的實體Golden Harvests, LLC的所有權，該設施佔地8萬平方英尺，其中包含約15,000平方英尺的開花臺空間。
Other Deal Details
其他優惠詳情
- 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％的權益，Canopy由Grown Rogue間接持有87％的股權。
- 根據該協議，該公司以80萬美元的價格收購了Canopy的剩餘少數股權總額，其中包括20％的現金首付和爲期四年的每月付款，年利率爲5.2％。
- Grown Rogue以200萬美元的價格購買了Golden Harvests20％的少數股權，其中包括四年內最低季度現金付款。
- 該交易規定Golden Harvests的估值爲1000萬美元。
- 應付給賣方的所有款項預計將使用手頭現金和運營產生的現金來完成。
- 該公司保留按公平市場估值收購Golden Harvests剩餘20％股份的選擇權。
- Golden Harvests的少數股權歸公司內部人士戴夫·普萊特納所有，Canopy的8％權益由該公司的某些董事擁有。
"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首席執行官奧比·斯特里克勒表示：“密歇根州對我們公司來說是一筆非常重要的資產，因爲這是我們證明我們可以將卓越運營從俄勒岡州轉移到其他市場的第一個市場。”“密歇根州對我們來說是一個巨大的市場，我們很高興能在這家強勁的業務中擁有更大的份額。密歇根州仍有大約25,000平方英尺的設施可供建造，我們正在討論擴大和優化額外產能。”
GRUSF Price Action
GRUSF 價格走勢
Grown Rogue's shares traded 0.15% lower at $0.651 per share at the time of writing on Thursday morning.
在週四上午撰寫本文時，Grown Rogue的股價下跌0.15％，至每股0.651美元。
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