Grown Rogue said its affiliate GRMA entered definitive agreements with Sea Craft to operate a cannabis production facility in Dwight, Illinois that is owned by Innovative Industrial Properties. Sea Craft leased a fully constructed cultivation and processing site totaling 66,000 square feet, including about 10,000 square feet of existing indoor flowering canopy. GRMA is acquiring a 49% interest in Sea Craft for initial consideration of USD 1 million. GRMA also completed a USD 3 million preferred equity investment to support Sea Craft’s projected capital needs.

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