Grown Rogue lifts ABCO ownership to 70% in New Jersey
Grown Rogue International Inc. completed the exercise of its second option to acquire an additional 26% ownership interest in New Jersey subsidiary ABCO Garden State, LLC, bringing its ownership to 70%.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Grown Rogue International Inc. completed the exercise of its second option to acquire an additional 26% ownership interest in New Jersey subsidiary ABCO Garden State, LLC, bringing its ownership to 70%. The option was conditional on approval from the New Jersey Cannabis Regulatory Commission, which was received on September 16, 2026. Grown Rogue also took majority control of ABCO’s board. The approximately US$743,000 purchase price was advanced to ABCO in 2023.
Grown Rogue says it remains on schedule for Phase II construction in New Jersey to be substantially complete by the end of 2026. The planned expansion is expected to bring total New Jersey flowering canopy to approximately 16,000 square feet, with additional production capacity ramping into 2027.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointGrown Rogue completed its second option exercise, raising ABCO ownership to 70%.
Negative
- None.
8-K Event Classification
Key Figures
Key Terms
flowering canopy technical
forward-looking statements regulatory
commissioning technical
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much of ABCO did GRUSF acquire?
What was the purchase price for Grown Rogue’s additional ABCO interest?
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________________________________
FORM
CURRENT REPORT
Pursuant To Section 13 OR 15(d) of The Securities Exchange Act Of 1934
Date of Report (Date
of earliest event reported):
_________________________________
(Exact name of registrant as specified in its charter)
_________________________________
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) | |||||
| (Address of principal executive offices) | (Zip Code) | ||||||
| ( |
|||||||
| Registrant’s telephone number including area code | |||||||
| Not Applicable | |||||||
| (Former name or former address, if changes since last report.) | |||||||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(g) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | |||
| Class A Subordinate Voting Shares, no par value | GRUSF | OTCQB | |||
| GRIN | CSE | ||||
| Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). | |||||
| Emerging growth company | |||||
| If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act | |||||
Item 7.01. Regulation FD Disclosure.
On October 20, 2026, Grown Rogue International Inc. (the “Company”) issued a press release announcing that it has completed the exercise of its second option to acquire an additional 26% ownership interest in its New Jersey subsidiary, ABCO Garden State, LLC (“ABCO”), increasing its ownership interest to 70%. The press release also announced that the Company has taken majority control of ABCO’s board of directors and provided an update on the planned Phase II canopy expansion in New Jersey. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
In accordance with General Instruction B.2 of Form 8-K, the information in this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits:
| Exhibit No. | Description | |
| 99.1 | Press Release dated October 20, 2026 - Grown Rogue Increases Ownership Stake to 70% in New Jersey Subsidiary, ABCO Garden State | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| GROWN ROGUE INTERNATIONAL INC. | |||||
| Date: October 20, 2026 | /s/ Obie Strickler | ||||
| Obie Strickler | |||||
| President & Chief Executive Officer | |||||
Exhibit 99.1
Grown Rogue Increases Ownership Stake to 70% in New Jersey Subsidiary, ABCO Garden State
MEDFORD, Ore., Oct. 20, 2026 /CNW/ - Grown Rogue International Inc. ("Grown Rogue" or the "Company") (CSE: GRIN) (OTC: GRUSF), a flower-forward cannabis company combining craft values with disciplined execution, today announced that it has completed the exercise of its second option to acquire an additional 26% ownership interest in its New Jersey subsidiary, ABCO Garden State, LLC ("ABCO"), increasing its ownership interest to 70%.
The second option was conditional on approval by the New Jersey Cannabis Regulatory Commission ("CRC"), which was received on September 16, 2026. The approximately US$743,000 purchase price was advanced to ABCO in 2023. In connection with the option exercise, Grown Rogue has taken majority control of ABCO's board of directors.
"We're very pleased with how New Jersey is performing, and this step is largely a formality as we continue to focus on completing our canopy expansion and growing the business," said Obie Strickler, CEO of Grown Rogue. "We have worked within the CRC's regulatory framework from day one, and we appreciate their review and approval. We remain on schedule to have construction of Phase II substantially complete by the end of 2026, bringing total New Jersey flowering canopy to approximately 16,000 square feet, with the additional capacity ramping into 2027. I also want to thank our New Jersey team for the work that has brought us to this point. It's a good moment to recognize that progress, while staying focused on the work ahead and the high standards we set for ourselves."
About Grown Rogue
Grown Rogue International Inc. (CSE: GRIN) (OTC: GRUSF) is a flower-forward cannabis company rooted in Oregon's Rogue Valley, a region with a deep cannabis heritage where its founders began growing more than 20 years ago. Built on a love of the plant, the Company produces flavorful craft-quality flower and the products made from it.
Its approach brings together a distinct and constantly expanding library of genetics, developed in house and sourced from like-minded breeders; a passionate, experienced team of growers; and the discipline to keep learning from every harvest. The goal is to consistently deliver quality that retailers and budtenders can stand behind and consumers come back for.
Grown Rogue believes trust is earned one harvest at a time and is currently serving customers in Oregon, Michigan and New Jersey, with launches planned in Illinois, Minnesota and New York.
For more information about Grown Rogue, please visit www.grownrogue.com. Investor materials are available at ir.grownrogue.com. The contents of the Company's websites are not incorporated by reference into this press release or into any report or document filed or furnished by the Company with the SEC or Canadian securities regulators, and references to the websites are intended to be inactive textual references only.
Cautionary note regarding forward-looking statements.
This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and United States securities laws (collectively, "forward-looking statements"). Forward-looking statements in this release include, without limitation, statements regarding the anticipated substantial completion of construction of the New Jersey Phase II expansion by the end of 2026; the resulting total New Jersey flowering canopy of approximately 16,000 square feet; the ramp-up of additional production capacity into 2027; the Company's plans to grow its New Jersey business; and planned product launches and commencement of sales in Illinois, Minnesota and New York.
Forward-looking statements are based on management's current expectations, estimates, assumptions and projections as of the date of this release. Material assumptions include that construction and operational preparations will proceed as anticipated; required regulatory approvals will be obtained or maintained; sufficient funding, labour, equipment and supplies will be available when needed; additional cultivation capacity can be brought into production as planned; and market conditions and distribution arrangements will support the Company's expansion and planned launches.
Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied. These include, without limitation, construction delays and cost overruns; commissioning, cultivation and production challenges; variations in cultivation yields and product quality; delays in product launches or the commencement of sales; changes in cannabis laws, regulations or enforcement policies; delays in obtaining or maintaining required regulatory approvals; financing constraints; shortages of labour, equipment or supplies; competition and changes in market supply, demand and pricing; and other risks described in the Company's public disclosure documents filed through SEDAR+ and EDGAR.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not undertake any obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise, except as required by applicable law.
SOURCE Grown Rogue International Inc.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2026/20/c6825.html
%CIK: 0001463000
For further information: General Inquiries and Investor Contact: Josh Rosen, Chief Strategy Officer, joshrosen@grownrogue.com; Investor Relations, invest@grownrogue.com, (458) 226-2662
CO: Grown Rogue International Inc.
CNW 17:45e 20-OCT-26