Business
Grown Rogue Reports Fourth Quarter and Annual 2024 Results
Grown Rogue International Inc. ("Grown Rogue" or the "Company") (CSE: GRIN) (OTC: GRUSF), a craft cannabis company born from the amazing terroir of Oregon's Rogue Valley, is pleased to report its fourth quarter and full year results ended December 31, 2024. The Company changed its fiscal year-end from October to December during 2024, affecting year-over-year comparison periods, including making year-over-year quarterly comparisons less relevant. All financial information is provided in U.S. doll
About this update from Grown Rogue International Inc.
[{"type":"text","content":"MEDFORD, Ore., March 31, 2025 /CNW/ - Grown Rogue International Inc. ("Grown Rogue" or the "Company") (CSE: GRIN) (OTC: GRUSF), a craft cannabis company born from the amazing terroir of Oregon's Rogue Valley, is pleased to report its fourth quarter and full year results ended December 31, 2024. The Company changed its fiscal year-end from October to December during 2024, affecting year-over-year comparison periods, including making year-over-year quarterly comparisons less relevant. All financial information is provided in U.S. dollars unless otherwise indicated.","length":598,"tagName":"p"},{"type":"text","content":"2024 Operational and Financial Highlights:","length":42,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue of $27.0M compared to $23.4M in the year ended October 31, 2023, an increase of 16%","length":91,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA of $9.7M compared to $7.6M in the year ended October 31, 2023, an increase of 27%","length":97,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA margin of 35.8% compared to 32.7% in the year ended October 31, 2023","length":84,"tagName":"p"}]},{"val":[{"type":"text","content":"Grown Rogue Received Licensing Approval in New Jersey and Closed Option 1 to Acquire 44% of ABCO Garden State, LLC ("ABCO"), with agreements in place to own up to 70%, pending regulatory approval","length":205,"tagName":"p"}]},{"val":[{"type":"text","content":"Commenced sales of Grown Rogue flower and pre-rolls in New Jersey in December and, as of mid-March, are selling into approximately half of the 205 dispensaries in the state","length":177,"tagName":"p"}]},{"val":[{"type":"text","content":"Increased ownership of Michigan operations from 60% to 80%","length":68,"tagName":"p"}]},{"val":[{"type":"text","content":"Convertible lenders voluntarily converted $3.1M of outstanding convertible debentures not due until 2027","length":104,"tagName":"p"}]},{"val":[{"type":"text","content":"Announced the termination of the advisory agreement with Vireo Growth Inc. (formerly Goodness Growth Holdings, Inc.)","length":116,"tagName":"p"}]},{"val":[{"type":"text","content":"Subsequent to year-end, the Company appointed Andrew Marchington as Chief Financial Officer and Josh Rosen as Chief Strat...