Craft Weed Company Grown Rogue Reorganizes Shares To Keep Its Foreign Private Issuer Status In The US
Portfolio Pulse from Nina Zdinjak
Grown Rogue International Inc. (CSE:GRIN, OTC:GRUSF) is reorganizing its share capital to maintain its foreign private issuer status in the US. This move aims to defer additional reporting obligations and focus on operational goals, including new assets in New Jersey and Illinois. The reorganization will redesignate common shares as subordinate voting shares and create a new class of unlisted multiple voting shares. The record date is June 26, 2024, and the reorganization will be effective on June 27, 2024.
June 25, 2024 | 7:36 pm
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Grown Rogue International Inc. is reorganizing its share capital to maintain its foreign private issuer status in the US, deferring additional reporting obligations and focusing on operational goals in New Jersey and Illinois.
The share reorganization will help Grown Rogue defer additional reporting obligations and focus on operational goals, which is likely to be viewed positively by investors. The stock price already saw a 17.74% increase, indicating market approval.
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