Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Grown Rogue International Inc. incurred loan of $1,000,000 with minority holder of Sea Craft’s ownership interests at 10% per annum maturing 24-month anniversary of the Commencement Date.
- Instrument
- loan
- Principal
- $1,000,000
- Counterparty
- minority holder of Sea Craft’s ownership interests
- Rate
- 10% per annum
- Maturity
- 24-month anniversary of the Commencement Date
- Event
- incurrence
Exact text from the filing
acquire from the minority holder of Sea Craft’s ownership interests 49% of the issued and outstanding interests (the “Minority Interests”) for an aggregate purchase price of $1,000,000 payable in the form of two promissory notes secured by a first priority security interest in the Minority Interests (the “Secured Notes”)
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Grown Rogue International Inc. incurred loan of no less than $1,000,000 and no more than $2,000,000 with Sea Craft, LLC at 10% per annum simple interest payable monthly maturing March 11, 2029.
- Instrument
- loan
- Principal
- no less than $1,000,000 and no more than $2,000,000
- Counterparty
- Sea Craft, LLC
- Rate
- 10% per annum simple interest payable monthly
- Maturity
- March 11, 2029
- Event
- incurrence
Exact text from the filing
Following the Closing, GRMA agreed to make a loan facility in an amount of no less than $1,000,000 and no more than $2,000,000 available to Sea Craft for the purpose of funding startup costs and supporting working capital (the “Loan Facility”). The Loan Facility will be subject to simple interest at a rate of 10% per annum payable monthly, mature on March 11, 2029, and be secured by a first priority interest in all of Sea Craft assets.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Grown Rogue International Inc. entered into Lease with Innovative Industrial Properties, Inc. (effective 2026-03-11).
- Action
- entry
- Agreement
- lease
- Counterparty
- Innovative Industrial Properties, Inc.
- Effective
- 2026-03-11
Exact text from the filing
In connection with the transaction Sea Craft entered into a three-year lease agreement, dated as of March 11, 2026 (the “Lease”), with an affiliate of Innovative Industrial Properties, Inc., for a cannabis production facility located in Dwight, Illinois
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Grown Rogue International Inc. entered into Membership Interest Purchase Agreement with Sea Craft, LLC (effective 2026-03-11).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- Sea Craft, LLC
- Effective
- 2026-03-11
Exact text from the filing
On March 11, 2026, Grown Rogue International Inc. (“we,” “us,” “our” or the “Company”), through our indirect majority owned subsidiary Grown Rogue Management Associates LLC (“GRMA”), entered into a Membership Interest Purchase Agreement (“MIPA”) with the members of Sea Craft, LLC (“Sea Craft”), the holder of an Illinois Adult Use Cannabis Craft Grower License (the “License”)
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