secwatch.observer — SEC 8-K summary
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Issuer:     Grown Rogue International Inc. (GRUSF)
CIK:        0001463000
Form:       8-K
Filed at:   2026-04-07T23:59:59+00:00
Accession:  0001279569-26-000282
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Grown Rogue FY2025 revenue $32.4M (+22% YoY), Adj. EBITDA $5.4M; provides guidance
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- Full-year 2025 revenue $32.4M (+22% YoY), GAAP net income $3.2M includes $5.9M non-cash derivative gain.
- Adjusted EBITDA $5.4M (16.5% margin) vs $3.8M in 2024; Q4 Adj. EBITDA $1.2M (13.4% margin).
- New Jersey Phase II expansion adding ~25% capacity; first harvest May 2026. Minnesota Phase I online late Q3 2026.
- Closed $12M senior secured credit at 7.84%; ended year with $11.4M cash. Illinois turnkey facility announced post-year-end.
- Preliminary Q1 2026 revenue growth >20% YoY; Michigan wholesale tax caused December/January ordering disruption.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1463000/000127956926000282/0001279569-26-000282-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1463000/000127956926000282/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001279569-26-000282

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer