Grown Rogue is focused on craft cannabis grown indoor as well as outdoor looking to scale their sun-grown capabilities as a call option for interstate commerce.
The company is the owner of a proprietary patented nitro-sealing process which locks in is used for its sealed jars which are filled with hand-selected nugs and keeps the flower’s freshness.
OWNERSHIP:
Golden Harvests – 87%.
ABCO Garden State – 44% + option to acquire 26% more.
FACILITIES:
Oregon: 40,000 sq ft cultivation.
Michigan: Golden Harvests has an 80,000 sq ft cultivation facility.
New Jersey: 1 store.
Illinois: JV with a 50,000 sq ft facility with 14,000 sq ft of cultivation and 36,000 sq ft for manufacturing.
NEWS & PARTNERSHIPS:
2018
The company announced a purchase agreement with Golden Harvests in the Michigan market with an option to acquire 60% of the company.
2020
The company acquired 60% of Golden Harvests and invested 250,000 USD for an almost 30% increase in flower capacity as well as product quality through the use of the company’s SOPs.
2021
The company entered into a JV through Golden Harvests with Pure Extracts Technologies for the expansion of its product offering and to bring Pure Extracts’ portfolio of products to Michigan.
2022
The company acquired a state-of-the-art 30,000 sq ft indoor facility and a store in Oregon from HSCP, including a management services agreement.
The company terminated its JV with Pure Extracts.
2023
The company entered into a 2+ year strategic advisory agreement with Goodness Growth, exclusively in the markets where they are present, expiring on the 25th of September 2025. The company will receive extra payment if its services result in improved cash flow performance for Goodness Growth.
The company acquired remaining % in its option and now holds 87% of Golden Harvests.
The company announce it had signed a definitive agreement with an option to acquire 70% of ABCO Garden State as well as the right to purchase the remaining 30% of ABCO which holds a cultivation and manufacturing license.
2024
The company joined forces with EBC Ventures for a JV in Illinois with a craft growers license, securing a 50,000 sq ft facility where 14,000 sq ft will be used for innovative cultivation and the rest will be used for manufacturing endeavors.
The company formed a company in collaboration with Bengal Capital and signed a definitve agreement to invest and support the operations of a store in West New York, New Jersey.
The company increased its ownership of Golden Harvests to 80% with an option to acquire the remaining 20% of Golden Harvests at a fair market valuation.
The company entered into a secured drawdown promissory note agreement with ABCO Garden State giving the company a 44% ownership stake and an option to acquire an additional 26%.
The company announced the termination of its advisory agreement with Vireo Growth as of September 30th making Vireo forfeit 4.5 million out of the 8.5 million warrants it held in Grown Rogue. Grown Rogue will in turn retain 10 million warrants in Vireo.
BRANDS:
Grown Rogue focuses on what they call the craft sweetspot which means they sell quality craft cannabis at accessible prices offering flower and pre-rolls.