Form 4: Mindset Value Fund Acquires Additional Shares in Grown Rogue International Inc.

Mindset Value Fund LP and related entities have acquired additional shares of Grown Rogue International Inc., increasing their total holdings.

Summary

• On June 11, 2024, Mindset Value Fund LP, Mindset Value Wellness Fund LP, and W&GP Fund 1 LLC acquired additional shares of Grown Rogue International Inc.
• The transactions were executed at a price of $0.24 per share.
• Mindset Value Fund LP acquired 4,488,846 shares, increasing its total holdings to 17,351,471 shares.
• Mindset Value Wellness Fund LP acquired 426,156 shares, bringing its total to 12,892,703 shares.
• W&GP Fund 1 LLC acquired 3,892,227 shares, resulting in a total of 4,821,532 shares held.
• Collectively, the Funds acquired 8,807,229 shares and now own 35,065,532 shares.
• Aaron Edelheit, as Managing Member of Mindset Capital LLC, which serves as the General Partner of the Funds, has the power to vote and dispose of the shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The acquisition of shares by Mindset Value Fund indicates confidence in the company, but it's a routine filing and doesn't provide enough information to strongly indicate a positive or negative outlook.

Positives

• The increased investment by Mindset Value Fund and related entities could be seen as a positive signal for Grown Rogue International Inc.
• The acquisition demonstrates confidence in the company's future prospects.

Risks

• The Form 4 filing itself doesn't inherently indicate risks, but it's important to monitor the overall investment strategy of Mindset Value Fund and its potential impact on Grown Rogue International Inc.
• Significant ownership by a single entity can sometimes lead to increased volatility or influence on company decisions.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of significant shareholders and insiders. This filing indicates increased ownership by Mindset Value Fund, which could be compared to similar filings for other companies in the cannabis industry to gauge investor sentiment and activity.

Comparison to Industry Standards

• Comparing the ownership stake of Mindset Value Fund in Grown Rogue International Inc. to similar investment firms' holdings in comparable cannabis companies (e.g., Curaleaf, Canopy Growth) can provide insights into the concentration of ownership and potential influence.
• Analyzing the trading volume and price movements of Grown Rogue International Inc. following this disclosure relative to its peers can help assess the market's reaction to the increased institutional ownership.

Stakeholder Impact

• Shareholders may view the increased ownership by Mindset Value Fund as a positive sign.
• The company's management may benefit from the increased confidence demonstrated by a major investor.

Key Dates