secwatch.observer — SEC 8-K summary
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Issuer:     Grown Rogue International Inc. (GRUSF)
CIK:        0001463000
Form:       8-K
Filed at:   2026-03-18T23:59:59+00:00
Accession:  0001279569-26-000221
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Grown Rogue acquires 49% of Sea Craft for Illinois entry; $4M project capital
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- Acquired 49% of Sea Craft LLC for $1M seller note; option to buy remaining 51% for $250k-$1M.
- GRMA secured $3M preferred equity at 15% cumulative return; convertible into GRUSF shares at $0.65.
- Leased 66k sq ft turnkey facility in Dwight, IL from IIP; expects product availability in Q4 2026.
- Project capital of $4M (Sea Craft's $1M cash + $3M preferred) to fund startup and working capital.
- CEO cites 60%+ cost and time savings vs new-build; targets revenue/profit similar to new-build projects.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1463000/000127956926000221/0001279569-26-000221-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1463000/000127956926000221/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001279569-26-000221

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer