Form 4: Mindset Funds Boost Stake in Grown Rogue International

Mindset Value Wellness Fund LP and affiliated entities increased their beneficial ownership in Grown Rogue International Inc. through recent common stock acquisitions.

Summary

• Mindset Value Wellness Fund LP, along with affiliated entities Mindset Value Fund LP and W&GP Fund 1 LLC (collectively, "the Funds"), acquired additional common stock in Grown Rogue International Inc.
• On August 20, 2025, Mindset Value Wellness Fund LP acquired 50,000 shares of common stock at a price of $0.436 per share.
• On August 21, 2025, Mindset Value Wellness Fund LP acquired an additional 75,000 shares of common stock at a price of $0.439 per share.
• Following these transactions, Mindset Value Wellness Fund LP beneficially owns 15,478,029 shares indirectly.
• The Funds collectively acquired 125,000 shares and now collectively own 37,905,433 shares.
• Aaron Edelheit, as Managing Member of Mindset Capital LLC (General Partner of the Funds), possesses the power to vote and dispose of these shares.
• The transactions were made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 8

Explanation: The significant insider buying by a 10% owner and director, Aaron Edelheit, through affiliated funds, indicates strong confidence in Grown Rogue International Inc.'s future prospects and current valuation. This is generally a very positive signal for investors.

Positives

• Significant insider buying by a 10% owner and director, indicating confidence in the company's future prospects.
• The acquisitions were made at market prices, suggesting a belief that the current valuation is attractive.
• Transactions were executed under a Rule 10b5-1(c) plan, which can signal a pre-planned, long-term investment strategy rather than opportunistic trading.

Future Outlook

No forward-looking statements or guidance are provided.

Industry Context

Insider buying by a significant shareholder and director typically signals strong internal confidence in the company's strategic direction and future performance, potentially indicating that the reporting persons believe the stock is undervalued or poised for growth. This action could be seen as a positive indicator within the broader market, especially if the company operates in a sector experiencing volatility or significant competitive pressures.

Comparison to Industry Standards

• This filing reports insider transactions, not operational or financial performance, so a direct comparison to industry-specific operational benchmarks or competitor results is not applicable. However, insider buying activity, particularly by a 10% owner and director, is generally viewed favorably across all industries as it aligns management/insider interests with those of public shareholders.

Related Party Transactions

• The filing details the indirect beneficial ownership of shares by Aaron Edelheit through Mindset Capital LLC, which serves as the General Partner or Managing Member of the acquiring funds. This structure clarifies the relationship and control over the acquired shares among related entities.

Stakeholder Impact

• Shareholders: The insider buying could be perceived positively, potentially boosting investor confidence and signaling a belief in future stock appreciation.
• Management: The increased stake by a director and significant owner aligns their interests more closely with long-term shareholder value creation.

Key Dates

Recommendation

The substantial insider buying by a 10% owner and director, Aaron Edelheit, through affiliated funds, signals strong conviction in Grown Rogue International Inc.'s intrinsic value and future growth potential. Such actions by well-informed insiders often precede positive company developments or indicate a belief that the stock is currently undervalued, making it an attractive entry point for investors.

Keywords

Grown Rogue International Inc., GRUSF, Mindset Value Wellness Fund LP, Mindset Value Fund LP, W&GP Fund 1 LLC, Mindset Capital LLC, Aaron Edelheit, insider buying, Form 4, beneficial ownership, common stock, equity acquisition, 10b5-1 plan