Form 4: Mindset Funds Convert Derivatives to Acquire 341,000 Shares of Grown Rogue International

Mindset Value Wellness Fund LP and affiliated entities, significant shareholders and directors of Grown Rogue International Inc., acquired 341,000 common shares through a derivative conversion at $0.32 per share, increasing their collective beneficial ownership to over 37.3 million shares.

Summary

• Mindset Value Wellness Fund LP, Mindset Value Fund LP, W&GP Fund 1 LLC, Mindset Capital LLC, and Aaron Edelheit, collectively identified as 10% owners and directors of Grown Rogue International Inc. (GRUSF), reported an acquisition of common stock.
• On June 24, 2025, 341,000 shares of Common Stock were acquired at a price of $0.32 per share through a conversion of a derivative security.
• Following this transaction, Mindset Value Wellness Fund LP indirectly holds 14,875,829 shares.
• Collectively, the Funds (Mindset Value Wellness Fund LP, Mindset Value Fund LP, and W&GP Fund 1 LLC) now beneficially own 37,303,233 shares of Grown Rogue International Inc.
• Aaron Edelheit, as Managing Member of Mindset Capital LLC (General Partner of the Funds), possesses voting and disposition power over these shares.

Sentiment

Score: 8

Explanation: The acquisition of a substantial number of shares by a 10% owner and director, through a derivative conversion, is a strong positive signal of insider confidence and belief in the company's future prospects.

Positives

• Significant increase in beneficial ownership by a 10% owner and director, indicating strong confidence in the company's future.
• The acquisition of 341,000 shares at $0.32 per share adds to the insider stake.
• Collective beneficial ownership by the Mindset entities now stands at 37,303,233 shares, reinforcing alignment with shareholder interests.

Future Outlook

N/A. This Form 4 filing reports a past transaction and does not provide forward-looking statements or guidance.

Industry Context

This filing indicates continued investment by a significant shareholder in Grown Rogue International Inc. While the document itself doesn't provide industry context, such insider acquisitions can signal confidence in the company's position within its sector, potentially reflecting positive internal outlook on market conditions or company-specific developments.

Related Party Transactions

• The acquisition of 341,000 common shares by Mindset Value Wellness Fund LP and its affiliated entities (Mindset Value Fund LP, W&GP Fund 1 LLC, Mindset Capital LLC, and Aaron Edelheit) constitutes a related party transaction, as these entities are identified as 10% owners and directors of Grown Rogue International Inc.

Stakeholder Impact

• Shareholders: The increased insider ownership by a significant institutional investor and director may be viewed positively, signaling confidence in the company's valuation and future performance.
• Employees, Customers, Suppliers, Creditors: No direct impact is indicated by this specific transaction report.

Key Dates

Recommendation

Keywords

SEC Form 4, 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 transaction, stock acquisition, beneficial ownership, derivative conversion, equity investment