Grown Rogue International (TSE:GRIN) has released an update.
Grown Rogue International Inc., an Oregon-based cannabis company, has successfully secured a licensing agreement in New Jersey and acquired a 44% stake in ABCO Garden State, LLC. The company, known for its premium craft cannabis products, completed the purchase for approximately $1.26 million in cash, with future plans to exercise an option for an additional 26% ownership. The expansion into the New Jersey market, which recently surpassed $800 million in annual cannabis sales, marks a significant milestone for Grown Rogue’s growth strategy.
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