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Grown Rogue secures US$7M credit line for expansion initiatives

Summary by newsbudz.com

Grown Rogue International Inc (CNSX: GRIN) (OTCMKTS: GRUSF) (FRA: 1VF0) now has alot more cash at its disposal for expansion plans, corporate expenses and debt re-financing. The Oregon-based cannabis cultivator revealed Monday that it has secured a US$7-million-dollar credit line from an unspecified commercial bank. This loan has a 9.2 per cent annual interest rate. "We are pleased to be announcing the closing of this loan with a top 50 bank hol…

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Mugglehead Magazine

Grown Rogue secures US$7M credit line for expansion initiatives

2 days ago

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Green Market Report

Grown Rogue nabs $7M credit line from FDIC-insured bank

Oregon-based craft cannabis producer Grown Rogue International (CSE: GRIN) (OTC: GRUSF) said it secured a $7 million credit facility from a “national, FDIC-insured commercial bank.” The four-year credit facility carries an interest rate of around 9.2% per annum, calculated as the secured overnight financing rate (SOFR) – which is currently at... Please login to read all 328 words.

2 days ago

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mg Magazine – Cannabis News & Information

Grown Rogue Closes US$7.0M Credit Facility at 9% Interest

MEDFORD, Ore. – Grown Rogue International Inc., a craft cannabis company, closed a US$7.0M credit facility with a national, FDIC-insured commercial bank (the “Bank”). The Company intends to use the proceeds to support existing growth initiatives, provide additional working capital, and refinancing a small amount of existing debt. The obligations owing under the Credit Facility are secured by way of a general security agreement. The credit facili…

3 days ago

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