Grown Rogue leases 66,000-sq-ft Illinois cannabis facility in USD 4 million project deal

Reuters03-19

Grown Rogue leases 66,000-sq-ft Illinois cannabis facility in USD 4 million project deal

Grown Rogue said its affiliate Grown Rogue Management Associates entered definitive agreements with Sea Craft to operate a cannabis production facility in Dwight, Illinois that is owned by Innovative Industrial Properties. Sea Craft leased a fully constructed cultivation and processing facility totaling 66,000 square feet, including about 10,000 square feet of indoor flowering canopy. Grown Rogue Management Associates is acquiring a 49% interest in Sea Craft for USD 1 million via a seller’s note. Sea Craft’s existing USD 1 million cash balance and a USD 3 million preferred equity investment in Grown Rogue Management Associates are intended to provide about USD 4 million of project capital for the Illinois launch.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Grown Rogue International Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001279569-26-000221), on March 18, 2026, and is solely responsible for the information contained therein.

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