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An announcement from Grown Rogue International ( (TSE:GRIN) ) is now available.
Grown Rogue International Inc. has expanded its senior credit facility by an additional US$5 million, bringing the total to US$12 million, to support growth initiatives such as expanding its New Jersey affiliate and building out its Illinois cultivation facility. This financial move aims to enhance balance sheet flexibility and enable the company to act swiftly on strategic opportunities, providing long-term value for stakeholders.
The most recent analyst rating on (TSE:GRIN) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Grown Rogue International stock, see the TSE:GRIN Stock Forecast page.
Spark’s Take on TSE:GRIN Stock
According to Spark, TipRanks’ AI Analyst, TSE:GRIN is a Neutral.
The overall stock score is driven by strong technical momentum and revenue growth. However, high debt levels, lack of profitability, and a high P/E ratio are significant risks. The absence of earnings call and corporate events data limits further insights.
To see Spark’s full report on TSE:GRIN stock, click here.
More about Grown Rogue International
Grown Rogue International Inc. is a flower-forward cannabis company rooted in Oregon’s Rogue Valley, known for its cannabis heritage and quality. The company operates in Oregon, Michigan, and New Jersey, with expansion underway in Illinois, specializing in designer-quality indoor flower production.
YTD Price Performance: -31.25%
Average Trading Volume: 88,287
Technical Sentiment Signal: Buy
Current Market Cap: C$164.7M
For an in-depth examination of GRIN stock, go to TipRanks’ Overview page.