Craft Cannabis Co. Grown Rogue Expands In This Booming East Cost Weed Market Via New Acquisition
Grown Rogue International Inc. (CSE:GRIN) (OTC:GRUSF) has obtained licensing approval with the New Jersey Cannabis Regulatory Commission and closed its first option to acquire 44% of ABCO Garden State, LLC on Friday, May 31.
What Happened
Obie Strickler, the company’s CEO, said “All regulatory approvals from the CRC have been received and we exercised and closed our option to acquire 44% of ABCO.”
Under the deal, Grown Rogue has an option to acquire 70% of ABCO through two options, including Option 1 and Option 2, for 44% and 26%, respectively.
Why It Matters
ABCO holds an annual cultivation license with the New Jersey Cannabis Regulatory Commission …