Grown Rogue International Inc. — fact timeline

Grown Rogue International Inc. reported the three months ended March 31, 2026 results: revenue $9.2 million, net income GAAP net loss of $2.2 million. Guidance raised.

“Garden State, LLC ("ABCO"), within the Company's financial statements. Comparative periods have been recast, where applicable, in accordance with GAAP. Highlights: • Revenue of $9.2 million for the first quarter of 2026, compared to $7.2 million in the first quarter of 2025, an increase of approximately 28%, with growth driven largely by material revenue increases”

Grown Rogue International Inc. reported Q4 2025 results: revenue $8.8 million, net income ($2.1) million. Guidance initiated.

“Revenue for Q4 2025 was $8.8 million and GAAP net loss was ($2.1) million and Adjusted EBITDA (non-GAAP) was $1.2 million (13.4% margin).”

Grown Rogue International Inc. reported the year ended December 31, 2025 results: revenue $32.4 million, net income $3.2 million. Guidance initiated.

“Revenue of $32.4 million for the full year 2025, up 22% from $26.6 million in 2024, with growth driven by the late-2024 entry into the New Jersey market, partly offset by the termination of the Vireo consulting agreement in September of 2024 and substantial pricing pressure that contributed to revenue declines of 22% in Michigan and 8% in Oregon. • Adjusted EBITDA (non-GAAP) of $5.4 million (16.5% margin) for 2025, up 42% from $3.8 million in 2024, with contributions from New Jersey partly offset by pricing pressure in Michigan and Oregon and higher corporate overhead associated with growth initiatives. • GAAP net income of $3.2 million for 2025, including a non-cash gain of approximately $5.9 million related to the fair value of derivative liabilities.”

Grown Rogue International Inc. incurred loan of $1,000,000 with minority holder of Sea Craft’s ownership interests at 10% per annum maturing 24-month anniversary of the Commencement Date.

“acquire from the minority holder of Sea Craft’s ownership interests 49% of the issued and outstanding interests (the “Minority Interests”) for an aggregate purchase price of $1,000,000 payable in the form of two promissory notes secured by a first priority security interest in the Minority Interests (the “Secured Notes”)”

Grown Rogue International Inc. incurred loan of no less than $1,000,000 and no more than $2,000,000 with Sea Craft, LLC at 10% per annum simple interest payable monthly maturing March 11, 2029.

“Following the Closing, GRMA agreed to make a loan facility in an amount of no less than $1,000,000 and no more than $2,000,000 available to Sea Craft for the purpose of funding startup costs and supporting working capital (the “Loan Facility”). The Loan Facility will be subject to simple interest at a rate of 10% per annum payable monthly, mature on March 11, 2029, and be secured by a first priority interest in all of Sea Craft assets.”

Grown Rogue International Inc. entered into Lease with Innovative Industrial Properties, Inc. (effective 2026-03-11).

“In connection with the transaction Sea Craft entered into a three-year lease agreement, dated as of March 11, 2026 (the “Lease”), with an affiliate of Innovative Industrial Properties, Inc., for a cannabis production facility located in Dwight, Illinois”

Grown Rogue International Inc. entered into Membership Interest Purchase Agreement with Sea Craft, LLC (effective 2026-03-11).

“On March 11, 2026, Grown Rogue International Inc. (“we,” “us,” “our” or the “Company”), through our indirect majority owned subsidiary Grown Rogue Management Associates LLC (“GRMA”), entered into a Membership Interest Purchase Agreement (“MIPA”) with the members of Sea Craft, LLC (“Sea Craft”), the holder of an Illinois Adult Use Cannabis Craft Grower License (the “License”)”