Detroit's Emagine Entertainment Inc. theater will not be located in the Milwaukee Junction neighborhood after all.

That's because I'm told by a source familiar with the matter that an entity controlled by Emagine's chairman and founder, and CEO, sold a pair of properties at 318 E. Milwaukee St. and 330 E. Milwaukee St. to an entity called CLK Milwaukee LLC.

That entity is tied to Grown Rogue International LLC, which describes itself as a "seed-to-experience" marijuana firm producing things like oils, concentrates and edibles, among others.

Grown Rogue confirmed the purchase Tuesday but declined further comment.

The sale price was $555,000 for the properties, which includes a building with a mural saying "We Kahn Do It!" in homage to famed Detroit architect Albert Kahn, the source said.

The Milwaukee Junction neighborhood had been speculated as a possibility after Emagine bought the property and then in February 2018 announced that it was opening a new theater with Detroit rapper Sean "Big Sean" Anderson with 10-12 screens and the capacity for about 1,000 to 1,300 people.

An entity called 318 East Milwaukee Ave. LLC, which is registered to Emagine chairman and founder Paul Glantz, paid a total of $450,000 for the two properties in separate deals in October 2017 ($400,000 for 318 East Milwaukee) and February 2018 ($50,000 for 330 East Milwaukee), according to city land records. The CEO is Anthony LaVerde.

In a news release from last week, Grown Rogue said it is "bringing its winning brand and business model ... into the newly legalized recreational cannabis market in Michigan."

"Grown Rogue's current expected portfolio in Michigan includes two strategically positioned retail centers (known as provisional licenses) in Hazel Park and Midtown Detroit as well as a 19,000 (square-foot) cultivation center in Detroit. Additional license acquisitions are being reviewed," the press release says.

Since the February announcement of the theater, Emagine has also had discussions with Ford Motor Co. about placing it around Michigan Central Station as part of the Dearborn-based automaker's $740 million autonomous and electric vehicle campus in Detroit's Corktown neighborhood west of downtown.

The theater is anticipated to be a $20 million development.

Detroit has few movie options. There is Cinema Detroit on Third Avenue, Bel Air 10 on Eight Mile Road on the city's northeast side, the Detroit Film Theatre at the Detroit Institute of Arts, and the Redford Theatre on the northwest side. Austin-based Alamo Drafthouse Cinemas LLC also is planning a theater at a key site on Martin Luther King Jr. Boulevard just west of Woodward Avenue.

Grown Rogue is traded on the Canadian Securities Exchange under the GRIN ticker. The company says Michigan has 27.06 medical marijuana patients (269,553) per capita compared to 23.16 (915,645) in California and 15.86 (88,946) in Colorado.

"By any measure, Michigan has one of the most active medical cannabis markets in America which is a leading indicator in the potential size of the recreational market," the Grown Rogue press release says.

In November, Michigan voters approved a ballot measure that legalized recreational marijuana use.