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. |