Grown Rogue International ( (TSE:GRIN) ) has provided an announcement.
Grown Rogue International Inc. has secured a US$7.0 million credit facility with a national, FDIC-insured commercial bank, which will be used to support growth initiatives, provide additional working capital, and refinance existing debt. This financial move is expected to enhance the company’s operational capabilities and strengthen its market position by leveraging the support of a top 50 bank holding company in the United States.
More about Grown Rogue International
Grown Rogue International Inc. is a craft cannabis company operating in Oregon, Michigan, New Jersey, and Illinois. The company focuses on providing premium flower and flower-derived products at fair prices, with a strong emphasis on quality and value. Grown Rogue aims to expand into new markets using capital-efficient methods and is preparing for eventual interstate commerce by improving its outdoor craft cultivation capabilities.
YTD Price Performance: -16.57%
Average Trading Volume: 185,489
Technical Sentiment Signal: Buy
Current Market Cap: $123.9M
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