Streetbeat News

GRIN

Grindrod Shipping Holdings Ltd.

https://www.grinshipping.com

Industry

Marine Shipping

Grindrod Shipping Holdings Ltd., an international shipping company, owns, charters-in, and operates a fleet of dry bulk carriers and tankers worldwide. It operates a fleet of 32 vessels consisting of 24 owned dry bulk carriers and 7 long-term chartered-in dry bulk carriers that transport a range of bulk and breakbulk commodities, including ores, coal, grains, forestry products, steel products, and fertilizers. The company also operates one owned tanker, which carry petroleum products, such as petrol, diesel, jet fuel, and naptha, as well as heavy fuel oil; and low hazard chemical products comprising liquid bulk vegetable oils. Its customers include shipping companies, trading houses, mining companies, industrial manufacturing companies, and oil companies, as well as traders of grains, steel, and forestry products. The company was founded in 1910 and is based in Singapore.

Open

14.22

Mkt cap

280M

Volume

25K

High

14.22

P/E Ratio

-28.98

52-wk high

14.90

Low

14.18

Div yield

N/A

52-wk low

7.35

Grown Rogue International Inc. has ended its advisory agreement with Vireo Growth Inc., resulting in Vireo forfeiting 4.5 million warrants and paying Grown Rogue $800,000. Grown Rogue plans to expand into New Jersey and Illinois, while Vireo undergoes a leadership transition with Amber Shimpa as the new CEO, focusing on Minnesota's market.

Portfolio Pulse from Nicolás Jose Rodriguez

October 11, 2024 | 3:40 am

Michigan's cannabis sales reached a record $295.4 million in August, with recreational sales dominating. The state's cannabis industry hit a $3.06 billion milestone in 2023, with projections of $3.32 billion for 2024. Companies like Ascend Wellness, Grown Rogue, TerrAscend, and Red White & Bloom are key players in this market.

Portfolio Pulse from Jelena Martinovic

September 12, 2024 | 12:37 pm

Grown Rogue International Inc. has granted stock options and RSUs to key personnel and converted multiple voting shares to subordinate voting shares, indicating a strategic move for long-term growth and confidence in the company's future.

Portfolio Pulse from Nicolás Jose Rodriguez

September 04, 2024 | 5:36 pm

Grown Rogue International Inc. reported record Q2 2024 revenue and adjusted EBITDA, driven by growth in New Jersey and Illinois. The company saw a 23% revenue increase to $7.7 million and a 21% improvement in adjusted EBITDA to $2.5 million. Despite a net loss of $7.6 million, Grown Rogue is expanding in New Jersey and Illinois, with sales expected in New Jersey by Q4 2024 and Illinois by the second half of 2025.

Portfolio Pulse from Jelena Martinovic

August 27, 2024 | 1:09 pm

Grindrod Shipping announced that its previously declared Selective Capital Reduction has become effective. All issued ordinary shares, except those held by Good Falkirk (MI) Limited, have been canceled. A cash distribution of $14.25 per share will be paid to participating shareholders by August 27, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 9:33 am

Grindrod Shipping announced its intention to voluntarily delist its ordinary shares from the NASDAQ Global Select Market. The delisting is set to be effective before the opening of Nasdaq on August 26, 2024, with a Form 25 to be filed on August 16, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 9:32 am

Cannabis sales are booming in states like California and Michigan, with significant contributions from public companies such as Ascend Wellness Holdings, Grown Rogue International, TerrAscend Corp., and Red White & Bloom Brands. Michigan has surpassed California in unit sales, while Illinois, Massachusetts, and Missouri also report strong sales figures.

Portfolio Pulse from Jelena Martinovic

July 22, 2024 | 1:26 pm

Grown Rogue International Inc. (OTC:GRUSF) has entered a secured drawdown promissory note agreement with ABCO Garden State, LLC, a New Jersey licensed cultivator. Grown Rogue now owns 44% of ABCO and has an option to acquire an additional 26%, subject to regulatory approval. The company will lend up to $3,000,000 to support ABCO's construction and working capital needs. New Jersey's cannabis market is growing rapidly, with sales reaching over $800 million in 2023.

Portfolio Pulse from Nina Zdinjak

July 05, 2024 | 8:52 pm

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.

Portfolio Pulse from Nina Zdinjak

June 25, 2024 | 7:36 pm

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.

Portfolio Pulse from Jelena Martinovic

June 05, 2024 | 3:30 pm

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