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Grown Rogue Moves into California’s $5 Billion Cannabis Market -- CFN Media

SEATTLE, Dec. 12, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- CFN Media Group (“CFN Media”), the leading agency and financial media network dedicated to the North American cannabis industry, announces publication of an article discussing Grown Rogue International Inc. (CSE: GRIN). The company is a vertically-integrated, multi-state cannabis brand that specializes in creating “seed-to-experience” products. Unlike many other cultivators that produce their own strains, the company is focused on translating these genetics into what customers actually experience when they consume the product. The approach has served them well in Oregon and could pay more dividends as it expands into California and beyond.

California’s cannabis industry is the largest in the country with revenue expected to reach $5.1 billion by 2022, according to Arcview Market Research and BDS Analytics. With about 40 million residents and a long history of cannabis usage, the state presently represents about a third of the North American cannabis market. The legalization of recreational cannabis this year could further accelerate that market share over the coming years.

Up & Running in California

Grown Rogue recently announced that it secured 16,000 sq. ft. of prime real estate Humboldt County, which has become a popular cannabis growing region in the state. GRD Cali, LLC will provide distribution services to support local licensed cannabis farmers and processors, as well as distribute its own Grown Rogue product categories produced or sourced in California. Management anticipates that the new subsidiary will receive a distribution license this month.

“In California, we are replicating successful operations, cultivation, distribution, and brand integrity that has been so effective for Grown Rogue in Oregon,” says CEO Obie Strickler. “Unlike most California producers, we have first-hand experience operating under the changing supply chain logistics and compliance, which allows us to replicate our proven business model within these new jurisdictions like California.”

The company is basing its initial California sales team out of Los Angeles, where a business development director with 15 years of experience in the cannabis market will launch operations. After spending a year building sales and distribution relationships from Los Angeles to San Francisco, the company is well positioned to hit the ground running and build a sizable presence in the state following its successes in Oregon.

A Multi-State Business Plan

Grown Rogue’s move in California is just the beginning of a multi-state business plan. In addition to California, the company has its eyes on Nevada and at least one other market in the near-term. These markets offer opportunities for distribution of third-party products, as well as opportunities and manufacture and distribution of in-house brands, including premium flower, patent-pending nitrogen sealed pre-rolls, and premium edible products.

“Very few cannabis operators have the history and years of experience in cannabis that our senior management possesses,” says Chief Strategy Officer Jacques Habra. “From building out cultivation infrastructure to establishing distribution systems that work, this team has the knowledge and understanding to move quickly and effectively into new regions.”

Nevada’s market is already experiencing tremendous growth following the legalization of recreational cannabis this year. During the fiscal year ended June 30, the state’s cannabis industry generated an estimated $530 million in revenue, which was 140 percent higher than expected. There were few major hiccups or compliance issues, which means that operators have had a steady time expanding within popular tourism state.

For more information, visit the company’s website at www.grownrogue.com.

Please follow the link to read the full article: http://www.cannabisfn.com/grown-rogue-moves-into-californias-5-billion-cannabis-market/

Disclaimer

The above article is sponsored content. Emerging Growth LLC, which owns CannabisFN.com and CFN Media, has been hired to create awareness. Please follow the link below to view our full disclosure outlining our compensation: http://www.cannabisfn.com/legal-disclaimer/

About CFN Media

CFN Media (CannabisFN) is the leading agency and financial media network dedicated to the global cannabis industry, helps companies operating in the space attract investors, capital, and publicity. Since 2013, private and public cannabis companies in the US and Canada have relied on CFN Media to grow and succeed.

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Disclaimer

CannabisFN.com is not an independent financial investment advisor or broker-dealer. You should always consult with your own independent legal, tax, and/or investment professionals before making any investment decisions. The information provided on http://www.cannabisfn.com (the ‘Site’) is either original financial news or paid advertisements drafted by our in-house team or provided by an affiliate. CannabisFN.com, a financial news media and marketing firm enters into media buys or service agreements with the companies that are the subject of the articles posted on the Site or other editorials for advertising such companies.  We are not an independent news media provider. We make no warranty or representation about the information including its completeness, accuracy, truthfulness or reliability and we disclaim, expressly and implicitly, all warranties of any kind, including whether the Information is complete, accurate, truthful, or reliable. As such, your use of the information is at your own risk. Nor do we undertake any obligation to update the items posted. CannabisFN.com received compensation for producing and presenting high quality and sophisticated content on CannabisFN.com along with financial and corporate news.  

The above article is sponsored content. Emerging Growth LLC, which owns CannabisFN.com and CFN Media, has been hired to create awareness. Please follow the link below to view our full disclosure outlining our compensation: http://www.cannabisfn.com/legal-disclaimer/

Frank Lane
206-369-7050
Flane@cannabisfn.com

Wednesday, December 12, 2018 - 08:30