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Grown Rogue International ( (TSE:GRIN) ) just unveiled an update.
Grown Rogue International Inc. has acquired the remaining 30% minority interest in its Illinois subsidiary, Rogue EBC, LLC, increasing its ownership to 100% for a total consideration of $1.5 million. This strategic move allows Grown Rogue to fully control its Illinois cultivation project, aligning with its successful operations in other markets and positioning the company for growth in the Illinois cannabis market, pending final approval from the Illinois Department of Agriculture.
The most recent analyst rating on (TSE:GRIN) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Grown Rogue International stock, see the TSE:GRIN Stock Forecast page.
Spark’s Take on TSE:GRIN Stock
According to Spark, TipRanks’ AI Analyst, TSE:GRIN is a Neutral.
Grown Rogue International’s overall score is driven by strong technical momentum and operational efficiency, despite challenges with profitability and high leverage. The stock’s valuation is relatively high, which may deter value-focused investors.
To see Spark’s full report on TSE:GRIN stock, click here.
More about Grown Rogue International
Grown Rogue International Inc. is a flower-forward cannabis company rooted in Oregon’s Rogue Valley, known for its deep cannabis heritage and commitment to quality. The company operates in Oregon, Michigan, and New Jersey, with expansion underway in Illinois, specializing in producing designer-quality indoor flower. Grown Rogue is recognized for exceptional consistency and care in cultivation, valued by retailers, budtenders, and consumers.
YTD Price Performance: -34.38%
Average Trading Volume: 92,906
Technical Sentiment Signal: Hold
Current Market Cap: C$157.2M
Find detailed analytics on GRIN stock on TipRanks’ Stock Analysis page.