MEDFORD, OR , May 14, 2019 /CNW/ - Grown Rogue International Inc. (CSE: GRIN | OTC: GRUSF) (the "Company" or "Grown Rogue") reports that the Financial Industry Regulatory Authority (FINRA) has accepted Grown Rogue's request for a ticker symbol change on the Over the Counter Bulletin Board (OTCBB) from "NVSIF" to "GRUSF". The Company's symbol on the Canadian Securities Exchange (CSE) remains unchanged as "GRIN" for Grown Rogue International, Inc. There is no action required by current shareholders in connection with this change.
"An increasing number of United States based investors are looking for investment opportunities in the cannabis sector such as Grown Rogue and our symbol name change on the OTC to GRUSF (Grown Rogue United States) provides improved clarity for US investors looking to buy shares of Grown Rogue which are listed on the CSE," said Obie Strickler CEO and Co-Founder of Grown Rogue. "In addition to the CSE we are now quoted in US dollars on the OTC for US investors under our new symbol "GRUSF".
Grown Rogue is now operating or managing assets in three States: Oregon , California , and Michigan . The symbol name change follows the Company's reverse takeover in November, 2018. The Company indicated no immediate plans to establish the stock for trading on additional exchanges, though the Company anticipates that a Frankfurt listing could soon be in the works.
"Most of our investors are US-based, and increasingly more retail US-based investors have been reaching out through our website and social media channels asking about how they can participate in our growth," said Jacques Habra , Chief Strategy Officer of Grown Rogue.
Mr. Habra continued, "We have a dedicated office to investor relations that is based in Santa Barbara, California . We expect to hold investor conference calls and eventually an investor only conference as we continue to scale the company across the Country."
Grown Rogue recently announced the intent to acquire Decibel Farms, owners of the Loud Cannabis Brand, and also announced record monthly revenue of just over $1.01 MM for April, 2019.
"Our vision is that our brand and ticker symbol will be synonymous with a responsible cannabis company focused on value creation," added Mr. Strickler.
About Grown Rogue
Grown Rogue International Inc. (CSE: GRIN | OTC: GRUSF) is a vertically‐integrated, multi‐state cannabis company curating innovative products to provide consumers with the right cannabis experience. Each of Grown Rogue's products and strains are categorized and marketed based on unique effects and designed for the full range of a consumer's lifestyle. Grown Rogue is scaling the vertically integrated model into multiple states by incorporating best‐in‐class manufacturing facilities and a proprietary distribution platform based on Microsoft technology. Grown Rogue's diverse cannabis product suite includes premium flower, patent‐pending nitrogen sealed pre‐ rolls, oil and concentrates, and edibles featuring a partnership with world‐renowned chocolatier, Jeff Shepherd .
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Cautionary Note Regarding Forward-Looking Information
This press release contains statements which constitute "forward‐looking information" within the meaning of applicable securities laws (including within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended), including all statements that are not statements of historical fact regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities. Forward‐ looking information is often identified by the words "may," "would," "could," "should," "will," "intend," "plan," "anticipate," "believe," "estimate," "expect" or similar expressions and include information regarding: (i) statements regarding the future direction of the Company (ii) the ability of the Company to successfully achieve its business and financial objectives, (iii) plans for expansion of the Company into new jurisdictions and securing applicable regulatory approvals, and (iv) expectations for other economic, business, and/or competitive factors. Investors are cautioned that forward‐looking information is not based on historical facts but instead reflect the Company's management's expectations, estimates or projections concerning the business of the Company's future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although the Company believes that the expectations reflected in such forward‐looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward‐looking information are the following: changes in general economic, business and political conditions, including changes in the financial markets; and in particular in the ability of the Company to raise debt and equity capital in the amounts and at the costs that it expects; adverse changes in the public perception of cannabis; decreases in the prevailing prices for cannabis and cannabis products in the markets that the Company operates in; adverse changes in applicable laws; or adverse changes in the application or enforcement of current laws; compliance with extensive government regulation and related costs, and other risks described in the Company's public disclosure available on www.sedar.com or in the Company's Form 20-F and 6-K filings with the Securities and Exchange Commission.
The Company is indirectly involved in the manufacture, possession, use, sale and distribution of cannabis in the recreational cannabis marketplace in the United States through its indirect operating subsidiaries. Local state laws where its subsidiaries operate permit such activities however, these activities are currently illegal under United States federal law. Additional information regarding this and other risks and uncertainties relating to the Company's business are disclosed in the Company's public disclosure available on its issuer profile on SEDAR at www.sedar.com or in the Company's Form 20-K and 6-K filings with the Securities and Exchange Commission.Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward‐looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward‐looking information except as otherwise required by applicable law, even if new information becomes available in the future.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
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SOURCE Grown Rogue International Inc.
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