Grown Rogue Announces Leadership Changes

Rhea-AI Summary

Grown Rogue International Inc. (CSE: GRIN, OTC: GRUSF) announced the retirement of Chief Operating Officer Tom Fortner after a successful one-year contract. His departure will result in over a 10% reduction in corporate expenses. CEO Obie Strickler acknowledged Fortner's contributions in streamlining operations across the company’s cultivation facilities in Oregon and Michigan. Additionally, Adam August has moved from Chief Financial Officer of a major subsidiary to Senior Vice President, strengthening the leadership team with his extensive experience since the company went public in 2018.

Positive

• Tom Fortner's retirement will reduce corporate expenses by over 10%.
• Adam August's promotion to Senior Vice President enhances leadership stability.

Negative

• Tom Fortner's departure may create continuity challenges in operational strategies.

MEDFORD, Ore.--(BUSINESS WIRE)-- Grown Rogue International Inc. (“Grown Rogue” or the “Company”) (CSE: GRIN) (OTC: GRUSF), a multi-state cannabis company with operations and assets in Oregon and Michigan, today announced the retirement of Tom Fortner as Chief Operating Officer. After completing the one-year contract, Mr. Fortner will be leaving the company to focus on his passion for sailing, including a transatlantic trip. This departure is expected to reduce company corporate expenses by over 10%.

“Tom came out of retirement to help us streamline our operations by creating efficiencies, disciplines and standardization across our approximately 200,000 square feet of cultivation in Oregon and Michigan,” said Obie Strickler, Chief Executive Officer. “I want to thank Tom for all of his efforts over the past year and wish him well as he goes back to his love of sailing full time.”

In addition, Adam August has transitioned from Chief Financial Officer of a major GRIN subsidiary to Senior Vice President of the Company. “Adam has been an amazing partner and advisor since we went public in 2018,” continued Mr. Strickler. “His passion, expertise in financial planning, and corporate strategy has allowed the Company to flourish into the business we are now operating.”

About Grown Rogue

Grown Rogue International (CSE: GRIN | OTC: GRUSF) is a vertically-integrated, multi-state Cannabis family of brands on a mission to inspire consumers to “enhance experiences” through cannabis. We have combined an expert management team, award winning grow team, state of the art indoor and outdoor manufacturing facilities, and consumer insight based product categorization, to create innovative products thoughtfully curated from “seed to experience.” The Grown Rogue family of products include sungrown and indoor premium flower, along with nitro sealed indoor and sungrown pre-rolls and jars.

DISCLAIMER

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 Listing Statement filed on its issuer profile on SEDAR at www.sedar.com. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

For further information on Grown Rogue International please visit www.grownrogue.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220520005409/en/

Obie Strickler

Chief Executive Officer

obie@grownrogue.com

Investor Relations Desk Inquiries

invest@grownrogue.com

(458) 226-2100

Source: Grown Rogue International Inc.

FAQ

What is the reason behind Tom Fortner's retirement at Grown Rogue International?

Tom Fortner is retiring to focus on his passion for sailing after completing a one-year contract with the company.

How will Tom Fortner's retirement impact Grown Rogue International's expenses?

His retirement is expected to reduce corporate expenses by over 10%.

Who has been appointed as the new Senior Vice President at Grown Rogue International?

Adam August, formerly the Chief Financial Officer of a major subsidiary, has been appointed as Senior Vice President.

What are the implications of the management changes at Grown Rogue International?

The changes aim to streamline operations and enhance financial and strategic leadership within the company.