Grown Rogue Accelerates Debenture Conversion

Grown Rogue International (TSE:GRIN) has released an update.

Grown Rogue International Inc., an Oregon-based craft cannabis company, has accelerated the conversion of debentures, resulting in an issuance of approximately 9.95 million common shares and the remaining convertible debentures valued at US$4.35 million. This strategic financial move, led by Mindset Capital’s successive investment rounds, has positioned them as the company’s largest shareholder, indicating strong market confidence. The company anticipates a transformative year ahead, with significant growth in free cash flow as it expands into new territories.

For further insights into TSE:GRIN stock, check out TipRanks’ Stock Analysis page.