Grown Rogue Acquires Remaining Equity in Subsidiary; Grants Stock Options

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MEDFORD, Ore. — Grown Rogue Worldwide Inc. (“Grown Rogue” or the “Firm”) (CSE: GRIN) (OTC: GRUSF), a multi-state hashish firm with operations and property in Oregon and Michigan, has introduced that its 89% owned subsidiary Grown Rogue Distribution, LLC has redeemed the remaining Class A Models not at the moment not directly owned by Grown Rogue. As a part of the redemption, the Firm issued to the unitholders 3,711,938 frequent shares at a value of $0.16 per share.

The Firm has additionally granted in the present day choices to buy an combination of 1,300,000 frequent shares of the Firm (the “Inventory Choices”) to sure workers and consultants. The Inventory Choices are exercisable at a value of $0.16 per share for a interval of 4 years from the date of grant.

The frequent shares described above and the frequent shares underlying the Inventory Choices are topic to a 4 month and in the future maintain interval.

Grown Rogue additionally needs to announce that its Chief Advertising Officer, Rob Rigg, has resigned. The Firm thanks Mr. Rigg for his arduous work and desires him all the most effective in his future endeavors.

The aforementioned redemption of models resulted in Steve Lightman, a director of the Firm, receiving 1,953,125 frequent shares of the Firm. The Firm has relied on the exemptions from the valuation and minority shareholder approval necessities of Multilateral Instrument 61-101 – Safety of Minority Safety Holders in Particular Transactions (“MI 61-101”), contained in part 5.5(b) and 5.7(a) of MI 61-101 in respect of such insider participation.

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About Grown Rogue

Grown Rogue International (CSE: GRIN | OTC: GRUSF) is a vertically-integrated, multi-state Hashish household of manufacturers on a mission to encourage shoppers to “improve experiences” by way of hashish. We now have mixed an professional administration crew, award successful develop crew, cutting-edge indoor and out of doors manufacturing amenities, and client perception primarily based product categorization, to create progressive merchandise thoughtfully curated from “seed to expertise.” The Grown Rogue household of merchandise embrace sungrown and indoor premium flower, together with nitro sealed indoor and sungrown pre-rolls and jars.

FORWARD LOOKING STATEMENTS

This press launch comprises statements which represent “ahead‐wanting data” throughout the that means of relevant securities legal guidelines, together with statements concerning the plans, intentions, beliefs and present expectations of the Firm with respect to future enterprise actions. Ahead‐ wanting data is usually recognized by the phrases “could,” “would,” “might,” “ought to,” “will,” “intend,” “plan,” “anticipate,” “imagine,” “estimate,” “count on” or related expressions and embrace data concerning: (i) statements concerning the long run route of the Firm (ii) the power of the Firm to efficiently obtain its enterprise and monetary targets, (iii) plans for enlargement of the Firm into Michigan and securing relevant regulatory approvals, and (iv) expectations for different financial, enterprise, and/or aggressive elements. Buyers are cautioned that forward-looking data will not be primarily based on historic details however as a substitute mirror the Firm’s administration’s expectations, estimates or projections regarding the enterprise of the Firm’s future outcomes or occasions primarily based on the opinions, assumptions and estimates of administration thought of affordable on the date the statements are made. Though the Firm believes that the expectations mirrored in such forward-looking data are affordable, such data includes dangers and uncertainties, and undue reliance shouldn’t be positioned on such data, as unknown or unpredictable elements might have materials adversarial results on future outcomes, efficiency or achievements of the mixed firm. Among the many key elements that would trigger precise outcomes to vary materially from these projected within the forward-looking data are the next: modifications typically financial, enterprise and political circumstances, together with modifications within the monetary markets; and specifically within the means of the Firm to lift debt and fairness capital within the quantities and on the prices that it expects; adversarial modifications within the public notion of hashish; decreases within the prevailing costs for hashish and hashish merchandise within the markets that the Firm operates in; adversarial modifications in relevant legal guidelines; or adversarial modifications within the software or enforcement of present legal guidelines; compliance with intensive authorities regulation and associated prices, and different dangers described within the Firm’s public disclosure paperwork filed on www.sedar.com.

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Ought to a number of of those dangers or uncertainties materialize, or ought to assumptions underlying the forward-looking data show incorrect, precise outcomes could fluctuate materially from these described herein as supposed, deliberate, anticipated, believed, estimated or anticipated. Though the Firm has tried to establish vital dangers, uncertainties and elements which might trigger precise outcomes to vary materially, there could also be others that trigger outcomes to not be as anticipated, estimated or supposed. The Firm doesn’t intend, and doesn’t assume any obligation, to replace this forward-looking data besides as in any other case required by relevant regulation.

SAFE HARBOR STATEMENT

This press launch could comprise forward-looking data throughout the that means of Part 21E of the Securities Trade Act of 1934, as amended (the “Trade Act”), together with all statements that aren’t statements of historic truth concerning the intent, perception or present expectations of the Firm, its administrators or its officers with respect to, amongst different issues: (i) the Firm’s financing plans; (ii) developments affecting the Firm’s monetary situation or outcomes of operations; (iii) the Firm’s development technique and working technique; and (iv) the declaration and cost of dividends. The phrases “could,” “would,” “will,” “count on,” “estimate,” “anticipate,” “imagine,” “intend” and related expressions and variations thereof are supposed to establish forward-looking statements. Additionally, forward-looking statements characterize our administration’s beliefs and assumptions solely as of the date hereof. Besides as required by regulation, we assume no obligation to replace these forward-looking statements publicly, or to replace the explanations precise outcomes might differ materially from these anticipated in these forward-looking statements, even when new data turns into out there sooner or later. Buyers are cautioned that any such forward-looking statements usually are not ensures of future efficiency and contain dangers and uncertainties, a lot of that are past the Firm’s means to regulate, and that precise outcomes could differ materially from these projected within the forward-looking statements because of numerous elements together with the danger disclosed within the Firm’s Type 20-F and 6-Ok filings with the Securities and Trade Fee.

The Firm is not directly concerned within the manufacture, possession, use, sale and distribution of hashish within the leisure hashish market in the USA by way of its oblique working subsidiaries. Native state legal guidelines the place its subsidiaries function allow such actions nonetheless, these actions are at the moment unlawful beneath United States federal regulation. Further data concerning this and different dangers and uncertainties regarding the Firm’s enterprise are disclosed within the Firm’s Itemizing Assertion filed on its issuer profile on SEDAR at www.sedar.com. Ought to a number of of those dangers, uncertainties or different elements materialize, or ought to assumptions underlying the forward-looking data or forward-looking statements show incorrect, precise outcomes could fluctuate materially from these described herein as supposed, deliberate, anticipated, believed, estimated or anticipated.

No inventory change, securities fee or different regulatory authority has authorized or disapproved the data contained herein.

View supply model on businesswire.com: https://www.businesswire.com/news/home/20210527005914/en/

Contacts

For additional data on Grown Rogue Worldwide please go to www.grownrogue.com or contact:

Obie Strickler
Chief Govt Officer
obie@grownrogue.com

Investor Relations Desk Inquiries
invest@grownrogue.com
(458) 226-2100