Cannabis Company Triples Oregon Production
AllpennyStocks.com

Cannabis Company Triples Oregon Production

By: Tomas Ronolski - AllPennyStocks.com News

Monday, June 14, 2021

Demand for cannabis is on the rise, and this company increased their flowering space by 40%.

Grown Rogue International Inc. (CSE:GRIN) (OTCPK:GRUSF) is a cannabis family of brands, with operations and assets in Oregon and Michigan. Through facility and improvements, and recent purchase of HSCP, the firm has more flower rooms and capacity increases will result in the tripling of production capacity to approximately 600 pounds of high-quality flower per month, an annualized run rate of 7,200 pounds per year.

The firm also announced the first two harvests from the facility that is being operated under a management services agreement as part of the HSCP acquisition. 

After dipping in May, shares have been on an upward climb since the beginning of June and were up over 5% in late-morning trade to $0.1817. 


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