Goodness Growth Holdings and Grown Rogue International Announce the Completed Issuance of Warrants
MINNEAPOLIS and MEDFORD, Ore., Oct. 06, 2023 (GLOBE NEWSWIRE) -- Goodness Growth Holdings, Inc. ("Goodness Growth") (CSE: GDNS; OTCQX: GDNSF), and Grown Rogue International, Inc. (“Grown Rogue”) (CSE: GRIN; OTC: GRUSF) (collectively the “Parties” or the “Companies”), today announced that they have completed the issuance of warrants to purchase listed shares as previously announced on May 25, 2023.
- MINNEAPOLIS and MEDFORD, Ore., Oct. 06, 2023 (GLOBE NEWSWIRE) -- Goodness Growth Holdings, Inc. ("Goodness Growth") (CSE: GDNS; OTCQX: GDNSF), and Grown Rogue International, Inc. (“Grown Rogue”) (CSE: GRIN; OTC: GRUSF) (collectively the “Parties” or the “Companies”), today announced that they have completed the issuance of warrants to purchase listed shares as previously announced on May 25, 2023.
- The issuance of those warrants has now been completed.
- Similarly, Grown Rogue issued 8,500,000 warrants to purchase shares of Grown Rogue to Goodness Growth, with a strike price equal to C$0.225 (US$0.166), which represented a 25.0 percent premium to the 10-day VWAP of Grown Rogue’s subordinate voting shares on the trading day immediately prior to the effective date of the Agreement.
- The aforementioned warrants and shares underlying such warrants are subject to a four-month and one-day hold period from the date of issuance under applicable Canadian securities laws.