MEDFORD, Ore., Apr 14, 2025 (CNW Group via COMTEX) --
Grown Rogue International Inc. ("Grown Rogue" or the "Company") (CSE: GRIN) (OTC: GRUSF), a craft cannabis company born from the amazing terroir of Oregon's Rogue Valley, is pleased to announce that holders of the remaining US$3.3 million in outstanding debentures have elected to convert early, resulting in the issuance of 19,559,500 common shares.
"We would like to thank our debenture holders for converting with more than two years remaining on their maturity and continuing to show their commitment and alignment to Grown Rogue's long-term strategy. This early conversion will save the Company US$0.7 million of cash interest payments and reduce our total leverage. Coupled with our recently announced bank financing, our balance sheet is free of any material debt maturities for at least the next three years," said Obie Strickler, CEO of Grown Rogue.
Following the conversion, the Company has 246,852,938 common shares issued and outstanding and 269,692,563 common shares on a fully diluted basis as of today's release.
About Grown Rogue
SOURCE Grown Rogue International Inc.
SOURCE: Grown Rogue International Inc.
Obie Strickler, Chief Executive Officer, obie@grownrogue.com; Jakob Iotte, Vice
President of Investor Relations, jakeiotte@grownrogue.com, (458) 226-2662
COMTEX_464537570/2197/2025-04-14T07:15:00
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