Goodness Growth Holdings, Inc. GDNSF GDNS And Grown Rogue International, Inc. GREETING GRIN are received strategic agreement where Grown Rogue will support Goodness Growth in the optimization of its cannabis flower products, with a particular focus on improving the quality and yield of top-tier “A” cannabis flower across its various operating markets, beginning with Maryland and Minnesota.

Under the terms of the agreement, which expires September 30, 2025, Goodness Growth will provide Grown Rogue with compensation for sustainable advisory support, including input on systems and processes, and recommendations to improve Goodness Growth’s grow operations. Grown Rogue is eligible for an additional Incentive Fee if its services result in improved cash flow performance over the term of the Agreement compared to Goodness Growth’s baseline expectations. Grown Rogue’s collaboration under the agreement is exclusive to Goodness Growth in the markets where Goodness Growth operates.

In addition, Goodness Growth will issue 10 million warrants to Grown Rogue to purchase Goodness Growth subordinated voting stock at an exercise price representing a 25% premium to the 10-day volume weighted average price (“VWAP”) of Goodness Growth subordinated voting stock prior to the effective date of the Agreement. Similarly, Grown Rogue will issue 8.5 million warrants to purchase Grown Rogue subordinate voting shares in Goodness Growth at an exercise price representing a 25% premium to the 10-day VWAP of Grown Rogue subordinate voting shares prior to the Effective date corresponds to agreement. The parties intend to issue the warrants within 60 days.

Photo of Richard T At Unsplash

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