Grown Rogue Closes Private Placement for Gross Proceeds of USD$1,300,000

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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, is happy to announce that it has closed a non-brokered non-public placement of frequent shares (“ Personal Placement ”) for whole gross proceeds of USD$1,300,000 (CDN$1,645,800).

The Personal Placement resulted within the issuance of 13,166,400 frequent shares of Grown Rogue at a purchase order value of CAD$0.125 per share. The funds raised will likely be used for normal company functions.

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“This financing was led by a strategic funding fund with vital hashish experience, which has been studying about our enterprise for the final a number of months,” mentioned Obie Strickler, Grown Rogue’s Chief Govt Officer. “With our latest monetary efficiency in each Michigan and Oregon, they’re excited to take a sizeable place in Grown Rogue, roll up their sleeves, and assist us scale the enterprise.”

All frequent shares issued pursuant to the Personal Placement are topic to a maintain interval of 4 months and someday.

Obie Strickler, the CEO of Grown Rogue, invested USD$300,000 within the Personal Placement and obtained 3,038,400 frequent shares of the Firm. Such insider participation represents a related-party transaction underneath Multilateral Instrument 61-101 – Safety of Minority Safety Holders in Particular Transactions (“ MI 61-101 ”), nonetheless the transaction is exempt from the formal valuation and minority shareholder approval necessities of MI 61-101 as neither the honest market worth of the subject material of the transaction, nor the consideration paid, exceed 25% of Grown Rogue’s market capitalization. The Firm didn’t file a fabric change report greater than 21 days earlier than the anticipated closing of the Personal Placement as the small print of the participation by such insider was not settled till shortly previous to closing of the Personal Placement.

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 customers to “improve experiences” by way of hashish. Now we have mixed an professional administration staff, award successful develop staff, state-of-the-art indoor and outside manufacturing services, and shopper perception based mostly product categorization, to create revolutionary merchandise thoughtfully curated from “seed to expertise.” The Grown Rogue household of merchandise embody sungrown and indoor premium flower, together with nitro sealed indoor and sungrown pre-rolls and jars.

FORWARD LOOKING STATEMENTS

This press launch accommodates statements which represent “ahead‐trying 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‐ trying data is usually recognized by the phrases “might,” “would,” “may,” “ought to,” “will,” “intend,” “plan,” “anticipate,” “imagine,” “estimate,” “anticipate” or related expressions and embody data concerning: (i) statements concerning the longer term course of the Firm (ii) the flexibility of the Firm to efficiently obtain its enterprise and monetary targets, (iii) plans for growth of the Firm into Michigan and securing relevant regulatory approvals, and (iv) expectations for different financial, enterprise, and/or aggressive components. Traders are cautioned that ahead‐trying data is just not based mostly on historic information however as a substitute replicate the Firm’s administration’s expectations, estimates or projections regarding the enterprise of the Firm’s future outcomes or occasions based mostly on the opinions, assumptions and estimates of administration thought of cheap on the date the statements are made. Though the Firm believes that the expectations mirrored in such ahead‐trying data are cheap, such data includes dangers and uncertainties, and undue reliance shouldn’t be positioned on such data, as unknown or unpredictable components may have materials opposed results on future outcomes, efficiency or achievements of the mixed firm. Among the many key components that might trigger precise outcomes to vary materially from these projected within the ahead‐trying data are the next: modifications usually financial, enterprise and political situations, together with modifications within the monetary markets; and particularly within the means of the Firm to boost debt and fairness capital within the quantities and on the prices that it expects; opposed 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; opposed modifications in relevant legal guidelines; or opposed modifications within the software or enforcement of present legal guidelines; compliance with in depth 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 ahead‐trying data show incorrect, precise outcomes might range materially from these described herein as meant, deliberate, anticipated, believed, estimated or anticipated. Though the Firm has tried to establish vital dangers, uncertainties and components which may trigger precise outcomes to vary materially, there could also be others that trigger outcomes to not be as anticipated, estimated or meant. The Firm doesn’t intend, and doesn’t assume any obligation, to replace this ahead‐trying data besides as in any other case required by relevant legislation.

SAFE HARBOR STATEMENT

This press launch might comprise forward-looking data throughout the that means of Part 21E of the Securities Change Act of 1934, as amended (the “Change 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) tendencies 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 “might,” “would,” “will,” “anticipate,” “estimate,” “anticipate,” “imagine,” “intend” and related expressions and variations thereof are meant 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 legislation, we assume no obligation to replace these forward-looking statements publicly, or to replace the explanations precise outcomes may differ materially from these anticipated in these forward-looking statements, even when new data turns into accessible sooner or later. Traders 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 might differ materially from these projected within the forward-looking statements on account of varied components together with the danger disclosed within the Firm’s Type 20-F and 6-Okay filings with the Securities and Change Fee.

This press launch doesn’t represent a proposal to promote or a solicitation of a proposal to purchase any of the securities in the US. The securities haven’t been and won’t be registered underneath the US Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities legal guidelines and might not be provided or bought inside the US or to U.S. Individuals except registered underneath the U.S. Securities Act and relevant state securities legal guidelines or an exemption from such registration is accessible. Not for distribution to U.S. Newswire Companies or for dissemination in the US. Any failure to adjust to this restriction might represent a violation of U.S. Securities legal guidelines.

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The Firm is not directly concerned within the manufacture, possession, use, sale and distribution of hashish within the leisure hashish market in the US by way of its oblique working subsidiaries. Native state legal guidelines the place its subsidiaries function allow such actions nonetheless, these actions are at present unlawful underneath United States federal legislation. Extra data concerning this and different dangers and uncertainties referring to 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 components materialize, or ought to assumptions underlying the forward-looking data or forward-looking statements show incorrect, precise outcomes might range materially from these described herein as meant, deliberate, anticipated, believed, estimated or anticipated.

No inventory alternate, securities fee or different regulatory authority has permitted or disapproved the knowledge contained herein.

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

View supply model on businesswire.com: https://www.businesswire.com/news/home/20211208006161/en/

Contacts

Obie Strickler
Chief Govt Officer
obie@grownrogue.com

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