Grown Rogue raises ABCO Garden State stake to 70% and gains control
Grown Rogue International lifted its stake in subsidiary ABCO Garden State to 70% after CRC approval and took majority control of its board.
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what happened
Grown Rogue International has increased its ownership of New Jersey subsidiary ABCO Garden State to 70%. The move follows approval from the CRC dated September 16, 2026. The purchase price of about $743 thousand was advanced in 2023, so the company is not paying new cash for the stake now.
Grown Rogue has also obtained a majority of seats on ABCO's board. According to the company, its Phase II canopy in New Jersey is expected to reach about 16,000 square feet by the end of 2026. The information comes from a Grown Rogue International press release distributed by PR Newswire and was published by TradingView.
why it matters
For investors, the deal means the company is consolidating control over operations and cash flows in a growing market. Timely completion of the Phase II expansion, and whether higher New Jersey output translates into sales and margins in 2027, will be the key factors to watch.
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instruments
sources
- Grown Rogue International Inc. (GRIN) Lifts ABCO Stake to 70% and Gains Control — TradingView, 20 October 2026 at 21:45 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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