Grown Rogue nabs $7M credit line from FDIC-insured bank

Oregon-based craft cannabis producer Grown Rogue International (CSE: GRIN) (OTC: GRUSF) said it secured a $7 million credit facility from a “national, FDIC-insured commercial bank.”

The four-year credit facility carries an interest rate of around 9.2% per annum, calculated as the secured overnight financing rate (SOFR) – which is currently at...

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