GRMA /
SEA Craft
GRMA agrees to buy 49% stake in Illinois cannabis grower SEA Craft
Source for the buyer and target: Grown Rogue International Inc.
For the buyer and target.
“GRMA (80% owned by the Company) is acquiring a 49% interest in SEA Craft, the holder of an Illinois craft grow license and an existing cash balance of $1.0 million, with an option to acquire the remaining 51% subject to regulatory and performance-based considerations.”
Published 18 Mar 2026
Open the sourceWhat happened
GRMA, a Grown Rogue International Inc. affiliate that the company owns 80% of, signed an agreement on March 11, 2026 to take a 49% interest in SEA Craft. SEA Craft holds an Illinois craft grow license. The deal is subject to approvals from the Illinois Department of Agriculture. [01]
The stake carries a price of $1.0 million, paid through a seller's note with a two-year term. GRMA also holds an option on the remaining 51% for a performance-based payment. Closing is expected in the second quarter of 2026. [01]
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GRMA agrees to buy 49% stake in Illinois cannabis grower SEA Craft
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Agreement signed
“GRMA agrees to buy 49% stake in Illinois cannabis grower SEA Craft GRMA, a Grown Rogue International Inc. affiliate that the company owns 80% of, signed an agreement on March 11, 2026 to take a 49% interest in SEA Craft”
Open the source
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