Grown Rogue Secures $5M Via Convertible Debenture Financing
Portfolio Pulse from Vuk Zdinjak
Grown Rogue International Inc. has secured $5 million through a non-brokered private placement of unsecured convertible debentures. The company also issued 13.7 million common share purchase warrants to the subscribers. The debentures will mature in four years and bear an interest rate of 9% per annum. The proceeds will be used for business expansion and general corporate purposes.
July 14, 2023 | 1:17 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Grown Rogue's successful financing round could provide the necessary capital for business expansion, potentially leading to increased revenues and profitability in the future.
The successful financing round provides Grown Rogue with additional capital that can be used for business expansion. This could potentially lead to increased revenues and profitability in the future, which would likely have a positive impact on the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100