Craft Cannabis Co. Grown Rogue Expands In This Booming East Cost Weed Market Via New Acquisition
Portfolio Pulse from Jelena Martinovic
Grown Rogue International Inc. (OTC:GRUSF) has received licensing approval from the New Jersey Cannabis Regulatory Commission and closed its first option to acquire 44% of ABCO Garden State, LLC. The company plans further expansion in New Jersey and Illinois, with the next acquisition option pending regulatory approval.
June 05, 2024 | 3:30 pm
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Grown Rogue International Inc. (OTC:GRUSF) has acquired 44% of ABCO Garden State, LLC after receiving regulatory approval. The company plans to acquire up to 70% pending further approvals, with significant growth expected in New Jersey and Illinois.
The acquisition of 44% of ABCO Garden State, LLC and the potential to increase this stake to 70% positions Grown Rogue for significant growth in the New Jersey cannabis market. The company's expansion efforts in New Jersey and Illinois are expected to drive primary growth in 2024 and 2025.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100