PROMOTING THE COMMUNITY
Grown Rogue Acquires Strategic Assets from Acreage Holdings Inc. Medford, OR | February 8, 2021 | Press Release G rown Rogue International Inc. (“Grown Rogue” or the “Company”) (CSE: GRIN) (OTC: GRUSF), a multi-state cannabis company with operations
Transaction Highlights: • Added 30,000 Sq Ft state-of-the-art indoor facility + Portland retail dispensary • Total annual revenue capacity increased to $20M USD • F urther reduces one of the industry’s lowest cash cost of production of $0.80 USD/gram with improved economies of scale “This strategic asset acquisition further solidifies our commitment to the Oregon cannabis market, which saw a record $1.1B USD in sales in 2020 according to the Oregon Liquor Control Commission” said Obie Strickler, Chief Executive Officer of Grown Rogue. “The new indoor facility will more than double our Oregon capacity and yearly production volume and, more importantly, Grown Rogue
and assets in Oregon and Michigan, announced today that its subsidiary, Grown Rogue Distribution, LLC, has signed a Definitive Agreement (“Agreement”) and Management Services Agreement (“MSA”) with HSCP, LLC, (“HSCP”) a subsidiary of Acreage Holdings Inc. (CSE:ACRG.A.U, ACRG.B.U) (OTC: ACRHF, ACRDF) effective February 5, 2021 for a previously operational, state-of-the-art 30,000 Sq Ft indoor facility located in Medford, Oregon, and a fully operational retail dispensary in Portland, Oregon. The acquisition brings Grown Rogue’s total indoor capacity to 127,000 Sq Ft.
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The Business Review | April 2021
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