Business
Grown Rogue Reports First Quarter 2025 Results
Grown Rogue International Inc. ("Grown Rogue" or the "Company") (CSE: GRIN) (OTC: GRUSF), a craft cannabis company born from the terroir of Oregon's Rogue Valley, is pleased to report its first quarter results ended March 31, 2025. The Company changed its fiscal year-end from October to December during 2024. All financial information is provided in U.S. dollars unless otherwise indicated.
About this update from Grown Rogue International Inc.
[{"type":"list","items":[{"val":[{"type":"text","content":"Pro forma revenue (including New Jersey affiliate) and pro forma Adjusted EBITDA of $7.15 million and $1.57 million, up 7% and down 31% year over year, respectively, with a pro forma Adjusted EBITDA margin of 21.3%","length":214,"tagName":"p"}]},{"val":[{"type":"text","content":"On an apples-to-apples basis, without the 2024 first quarter contributions of the terminated Vireo Growth services agreement, pro forma revenue and pro forma Adjusted EBITDA were up 14% and down 21% year over year, respectively","length":227,"tagName":"p"}]},{"val":[{"type":"text","content":"Solid operating performance highlighted by operational KPIs and New Jersey launch helps balance the impact of growth investments in corporate overhead and substantial pricing pressure in Michigan and Oregon","length":206,"tagName":"p"}]},{"val":[{"type":"text","content":"New Jersey cultivation affiliate, ABCO Garden State LLC ("ABCO") produced revenue of $1.77M, was cash flow positive, and had Adjusted EBITDA of $0.77 million in its first full quarter of sales","length":202,"tagName":"p"}]},{"val":[{"type":"text","content":"Oregon and Michigan Adjusted EBITDA Margins of 34.1% and 36.4%, respectively, despite the lower pricing environment","length":115,"tagName":"p"}]},{"val":[{"type":"text","content":"Reported (IFRS) Revenue of $5.58 million and Adjusted EBITDA of $0.80 million","length":77,"tagName":"p"}]},{"val":[{"type":"text","content":"Augmenting investor disclosure with schedules for operational KPIs and a new Adjusted EBITDA methodology going back two years, and hosting our first quarterly conference call, today at 5pm ET","length":191,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":1232,"olType":false},{"type":"text","content":"MEDFORD, Oreg., May 13, 2025 /CNW/ - Grown Rogue International Inc. ("Grown Rogue" or the "Company") (CSE: GRIN) (OTC: GRUSF), a craft cannabis company born from the terroir of Oregon's Rogue Valley, is pleased to report its first quarter results ended March 31, 2025. The Company changed its fiscal year-end from October to December during 2024. All financial information is provided in U.S. dollars unless otherwise indicated.","length":452,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"1","rowspan":"1","style":"PADDING-RIGHT:0.1...