EBC PARTNERS, LLC and Grown Rogue International Inc. (CNSX:GRIN) entered into a definitive agreement to acquire CannEquality LLC on February 22, 2024. Grown Rogue will own 70% of the JV and has agreed to contribute up to $6,000,000 to support the development of the facility. The JV agreement includes multiple purchase options, which ultimately give Grown Rogue the ability to acquire 100% of the membership interests of the JV.

Transaction will result in formation of Rogue EBC, LLC. Transaction largely be funded by cash on hand and the cash we anticipate receiving with the recent warrant acceleration announcement. The acquisition is subject to regulatory approval from the IDOA.