Grown Rogue International (TSE:GRIN) has released an update.
Grown Rogue International Inc. has strategically increased its stake in Michigan’s Golden Harvests, LLC from 52.2% to 80%, with a transactional outlay of $2.8M, aimed at bolstering its cannabis operations. This expansion move is spearheaded by the company with the objective of leveraging local partnerships to replicate its Oregon success in new markets such as Michigan, which holds significant growth potential. CEO Obie Strickler emphasizes the importance of local expertise in driving the company’s success and hints at further expansion possibilities within the Michigan facility.
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