Grown Rogue Acquires Remaining Equity in Subsidiary

MEDFORD, Ore.–(BUSINESS WIRE)–Grown Rogue International, a multi-state cannabis company with operations and assets in Oregon and Michigan, has announced that its 89% owned subsidiary Grown Rogue Distribution, LLC has redeemed the remaining Class A Units not currently indirectly owned by Grown Rogue. As part of the redemption, the Company issued to the unitholders 3,711,938 common shares at a price of $0.16 per share.

The Company has also granted today options to purchase an aggregate of 1,300,000 common shares of the Company (the “Stock Options”) to certain employees and consultants. The Stock Options are exercisable at a price of $0.16 per share for a period of four years from the date of grant.

The common shares described above and the common shares underlying the Stock Options are subject to a four month and one day hold period.

Grown Rogue also wishes to announce that its Chief Marketing Officer, Rob Rigg, has resigned. The Company thanks Mr. Rigg for his hard work and wishes him all the best in his future endeavors.

The aforementioned redemption of units resulted in Steve Lightman, a director of the Company, receiving 1,953,125 common shares of the Company. The Company has relied on the exemptions from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”), contained in section 5.5(b) and 5.7(a) of MI 61-101 in respect of such insider participation.

About Grown Rogue

Grown Rogue International is a vertically-integrated, multi-state Cannabis family of brands on a mission to inspire consumers to “enhance experiences” through cannabis. We have combined an expert management team, award winning grow team, state of the art indoor and outdoor manufacturing facilities, and consumer insight based product categorization, to create innovative products thoughtfully curated from “seed to experience.” The Grown Rogue family of products include sungrown and indoor premium flower, along with nitro sealed indoor and sungrown pre-rolls and jars.

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