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The latest update is out from Grown Rogue International ( (TSE:GRIN) ).
Grown Rogue International Inc. has secured a US$7.0 million credit facility with a national, FDIC-insured commercial bank at an interest rate of approximately 9%. The funds will be used to support growth initiatives, provide working capital, and refinance existing debt. This financial move is expected to enhance the company’s operational capabilities and strengthen its market position in the competitive cannabis industry.
More about Grown Rogue International
Grown Rogue International Inc. is a craft cannabis company operating in Oregon, Michigan, New Jersey, and Illinois. It focuses on providing premium flower and flower-derived products at fair prices, with a strong emphasis on quality and value. The company aims to expand into new markets using capital-efficient methods and is preparing for potential interstate commerce.
YTD Price Performance: -16.57%
Average Trading Volume: 185,489
Technical Sentiment Signal: Buy
Current Market Cap: $123.9M
For a thorough assessment of GRIN stock, go to TipRanks’ Stock Analysis page.