Grown Rogue International ( (TSE:GRIN) ) has issued an update.
Grown Rogue International Inc. announced the early conversion of the remaining US$3.3 million in outstanding debentures into 19,559,500 common shares, which will save the company US$0.7 million in cash interest payments and reduce its leverage. This strategic move, coupled with recent bank financing, strengthens Grown Rogue’s financial position by eliminating material debt maturities for the next three years, reflecting the company’s commitment to its long-term growth strategy.
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 profitability. The company aims to expand into new markets using capital-efficient methods while enhancing its outdoor craft cultivation capabilities.
YTD Price Performance: -42.31%
Average Trading Volume: 249,229
Technical Sentiment Signal: Strong Buy
Current Market Cap: $85.26M
For detailed information about GRIN stock, go to TipRanks’ Stock Analysis page.