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Craft Cannabis Co. Grown Rogue Expands In This Booming East Cost Weed Market Via New Acquisition

By Jelena Martinovic
June 5, 11:30 AM
Grown Rogue International Inc. (CSE: GRIN) (OTC: GRUSF) has obtained licensing approval with the New Jersey Cannabis Regulatory Commission and closed its first option to acquire 44% of ABCO Garden State, LLC on Friday, May 31.Obie Strickler, the company's CEO, said "All regulatory approvals from the CRC have been received and we exercised and closed our option to acquire 44% of ABCO."Under the deal, Grown Rogue has an option to acquire 70% of ABCO through two options, including Option 1 and Option 2, for 44% and 26%, respectively.

CSE:GRIN

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Grown Rogue Reports Record Q1 Revenue, CEO Calls These Two States ‘Primary Growth Drivers’

By Jelena Martinovic
May 30, 10:09 AM
Grown Rogue International Inc. (CSE: GRIN) (OTC: GRUSF) reported on Thursday its first-quarter 2024 results for the three months ended March 31, 2024.The Medford, Oregon-based company reported record quarterly revenue of $6.7 million, compared to $6 million in the three months ended April 30, 2023, representing a year-over-year increase of 11%."This was another exciting quarter with record revenue and aEBITDA despite the year-ago comparison period including April instead of January; April is seasonally a stronger month for the industry," Obie Strickler, CEO of Grown Rogue, said. "In addition, we achieved record indoor revenue in Michigan and Oregon during the quarter and are thrilled that an increasing number of customers in competitive markets are choosing our products which means we are continuing to bring them value."

CSE:GRIN

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Grown Rogue Boosts Ownership Of Michigan Cannabis Operations

By Jelena Martinovic
April 25, 11:02 AM
Grown Rogue International Inc. has increased ownership in its Michigan operations from 52.2% to 80% via two transactions valued at $2.8 million. The purchase price included $200,000 paid in cash and $2.6 million paid by way of four-year sellers' notes, the company said on Thursday. Grown Rogue boosted its ownership in Golden Harvests, LLC, the entity that controls its Michigan operations, operating out of an 80,000 sq ft facility containing roughly 15,000 sq ft of flowering bench space.

CSE:GRIN

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Craft Cannabis Co. Grown Rogue Sees 29% Revenue Increase In Q4, Expands Construction Progress In New Jersey

By Jelena Martinovic
December 19, 12:44 PM
Grown Rogue International has reported a 29% YoY increase in revenue for its fiscal Q4 2023, reaching $6.5m. The cannabis company saw a 3% sequential increase in revenue, despite a downturn in its Oregon outdoor business. The firm's CEO, Obie Strickler, said that despite sales being down from the previous quarter, Grown Rogue is on an "upward trajectory." Other Q4 financial highlights include gross profit of $4.4m and an adjusted EBITDA of $2.1m, compared to an adjusted EBITDA gain of $1.7m in the prior year's period. Grown Rogue unveiled plans to enter New Jersey's cannabis market, with construction already underway and scheduled to be completed in Q2 2024.

CSE:GDNS