EX-8.1 2 grownrogue_ex8-1.htm EXHIBIT 8.1

 

EXHIBIT 8.1

 

SUBSIDIARIES OF GROWN ROGUE INTERNATIONAL INC. AT OCTOBER 31, 2022

 

Company   Ownership
Grown Rogue Unlimited, LLC   100% by GRIN
Grown Rogue Gardens, LLC   100% by Grown Rogue Unlimited, LLC
GRU Properties, LLC   100% by Grown Rogue Unlimited, LLC
GRIP, LLC   100% by Grown Rogue Unlimited, LLC
Grown Rogue Distribution, LLC   100% by Grown Rogue Unlimited, LLC
GR Michigan, LLC   87% by Grown Rogue Unlimited, LLC
Idalia, LLC   60% by Grown Rogue Unlimited, LLC
Canopy Management, LLC   0% (1)
Golden Harvests, LLC   60% by Canopy Management, LLC

 

 

(1)The Company, through its subsidiary, entered into an option to acquire an 87% controlling interest in Canopy, which held an option to acquire a 60% controlling interest in Golden Harvests (Note 7) which was exercised on May 1, 2021. Canopy is majority owned by the Company's CEO, who is prohibited from omitting or taking certain actions where to do so would be contrary to the economic benefits which the Company expects to derive from the aforementioned options and the investments in the underlying businesses. The Company includes Canopy in the consolidated financial results and has allocated its net income (loss) to net income (loss) attributable to non-controlling interest. Subsequent to October 31, 2022, the Company, through GR Unlimited, exercised its option to acquire 87% of the membership units of Canopy.