Grown Rogue International Inc., a seed-to-experience cannabis brand is pleased to announce that the Company’s common shares are scheduled to commence trading today on the Canadian Securities Exchange (the “CSE”) under the ticker symbol “GRIN”.
The listing follows the successful completion of the previously announced (November 16, 2018) reverse takeover of a Canadian public company (Novicius Corp.) by Grown Rogue Unlimited, LLC. In connection with this reverse takeover and the listing on the CSE, the Company raised approximately CAD $6.5 million through brokered and non-brokered private placements.
As a state licensee in Oregon, Grown Rogue is recognized for its consistently high-quality products and pioneering “seed-to-experience” cannabis branding. Grown Rogue is the first vertically-integrated cannabis company that crowdsources consumer experiences to determine cannabis strain classification by effect, ensuring the Right Experience, Every Time.™ The Company also expects to enter the California market by the end of 2018.
- Revenues have doubled from the second to the third quarter of 2018, and significant revenue growth is expected to continue as the Company proceeds with its business plan of acquisitions and expansion.
- Grown Rogue brands are in over 220 dispensaries in Oregon.
- Cultivating 90,000 sq. ft. of canopy in Oregon including two outdoor farms and a state of the art indoor facility.
- Planned expansion into California will include a 14,000 sq. ft. micro-business facility in Eureka, CA and a distribution partnership spanning San Francisco to Los Angeles.
“Grown Rogue is a trusted brand with a proven track record for delivering reliable and consistent experiences for cannabis consumers,” said Obie Strickler, CEO and co-founder of Grown Rogue. “With average consecutive monthly revenue growth of 28% for 2018, we have begun the process to expand operations and jurisdictions to meet increased demand. The public listing of the Company’s common shares on the CSE is an important milestone in the development of the Company, as we continue to accelerate our expansion as a national cannabis brand.”
Headquartered in Oregon’s Rogue Valley, known for its premier cannabis growing microclimates, the Company operates approximately 90,000 SQ FT of cultivation through both outdoor and best in class indoor facilities. Grown Rogue’s diverse product suite includes premium flower, patent-pending nitrogen sealed pre-rolls, oil and concentrates. Grown Rogue also plans to launch dark chocolate edibles featuring a partnership with a world-renowned chocolatier.
The Company has an experienced management team, state of the art manufacturing facilities, and a proprietary distribution platform through an exclusive partnership with Microsoft 365. Grown Rogue products are available in more than 220 retail locations today. Multiple licences are held in Oregon, with plans for retail, distribution, and cultivation projects in California, among other legal states.
Jacques Habra, Chief Strategy Officer stated, “As we expand into new states and regions, we will continue to maintain the core values of integrity and excellence in product development and community relations that have driven the company to success.”