Grown Rogue Secures $800K, Vireo Forfeits 4.5M Warrants In Cannabis Shakeup—What's Next For Both?
Grown Rogue Secures $800K, Vireo Forfeits 4.5M Warrants In Cannabis Shakeup—What's Next For Both?
Additionally, Vireo has agreed to pay Grown Rogue $800,000, with the option to defer the payment in four quarterly installments of $250,000. Grown Rogue will retain 10 million Vireo warrants and receive full fees for services rendered during Q3.Grown Rogue International Inc. (CSE:GRIN) (OTC:GRUSF) a craft cannabis company based in Oregon's Rogue Valley announced the termination of its advisory agreement with Vireo Growth Inc. (CSE:VREO) (OTCQX:VREOF) as of September 30, 2024.
總部位於俄勒岡羅格谷的大麻股公司Grown Rogue International Inc. (CSE:GRIN) (OTC:GRUSF) 宣佈終止與Vireo Growth Inc. (CSE:VREO) (OTCQX:VREOF) 的諮詢協議，終止日期爲2024年9月30日。
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The Deal
交易
The deal, in place for 18 months, saw Grown Rogue providing advisory services to Vireo's cultivation operations across several markets, including New Jersey.
該協議已執行18個月，Grown Rogue爲Vireo在包括新澤西在內的多個市場的種植業務提供諮詢服務。
As part of the termination, Vireo will forfeit 4.5 million of the 8.5 million warrants it held in Grown Rogue, with a strike price of CAD $0.225, equivalent to approximately $759,375.
作爲終止協議的一部分，Vireo將放棄其在Grown Rogue所持的850萬個認購權證中的450萬個，行使價爲加幣 $0.225，相當於約759,375美元。
Additionally, Vireo has agreed to pay Grown Rogue $800,000, with the option to defer the payment in four quarterly installments of $250,000. Grown Rogue will retain 10 million Vireo warrants and receive full fees for services rendered during Q3.
此外，Vireo同意向Grown Rogue支付80萬美元，並有權將支付款推遲四個季度分期支付，每期25萬美元。Grown Rogue將保留1000萬Vireo認購權證，並收取Q3提供的服務的全額費用。
Read Also: Tilray Reports $200M Q1 Net Revenue, Up 13% YoY As Net Loss Improves
閱讀更多：Tilray報告Q1淨營收2000萬美元，同比增長13%，淨虧損改善
CEO Obie Strickler of Grown Rogue expressed gratitude for the collaboration, emphasizing that the agreement helped Grown Rogue sharpen its strategy for national expansion. The company now plans to apply these learnings to its New Jersey operations and expand into Illinois in 2025.
Grown Rogue首席執行官Obie Strickler對合作表示感謝，強調該協議幫助Grown Rogue完善其國家擴張策略。公司現計劃將這些經驗應用於其新澤西業務，並計劃在2025年進軍伊利諾伊州。
Leadership Transition At Vireo Growth
Vireo Growth的領導層變遷
On the same day, Vireo announced a leadership transition, with Amber Shimpa stepping into the role of CEO. Shimpa, with the company since 2014, previously served as President. She replaces Josh Rosen, who resigned from his role as CEO and interim CFO but will remain an advisor. Vireo also appointed Joe Duxbury as interim CFO.
同一天，Vireo宣佈領導層變遷，Amber Shimpa接任CEO一職。Shimpa自2014年加入該公司，此前擔任總裁。她取代了辭去CEO和臨時CFO職務的Josh Rosen，但將繼續擔任顧問。Vireo還任命Joe Duxbury擔任臨時CFO。
Shimpa's leadership will focus on the company's upcoming expansion into Minnesota's adult-use market next year.
Shimpa的領導將着重於該公司明年進軍明尼蘇達州成年人用大麻市場。
譯文內容由第三人軟體翻譯。
