Grown Rogue International Reports $3.23M Net Income Turnaround and 22% Revenue Growth for Fiscal Year 2025

Grown Rogue International Inc. reported a significant turnaround in its financial performance for the fiscal year ending December 31, 2025, achieving a net income of $3.23 million compared to a net loss of $15.98 million in the previous year. Total revenues increased by 22% to $32.43 million, driven primarily by a 28% rise in revenue from Grown Rogue production, which reached $32.43 million. The company sold 45,579 pounds of cannabis, a 36% increase from the prior year, although the average selling price per pound decreased by approximately 6%.

The company’s operational metrics showed notable changes, with indoor flower sales rising by 34% to $24.72 million, while outdoor flower sales decreased by 10%. The increase in production was attributed to enhanced cultivation methods and strategic investments in facilities. Grown Rogue's engagement in the cannabis market has expanded geographically, with operations now in Oregon, Michigan, New Jersey, Illinois, and Minnesota. The company has also focused on product innovation, launching new pre-roll products and expanding its brand portfolio.

Strategically, Grown Rogue has made several acquisitions to bolster its market position. In January 2023, the company acquired an 87% interest in Canopy Management, LLC, and in April 2024, it completed the acquisition of the remaining interest in Golden Harvests, LLC. Additionally, Grown Rogue entered into agreements to acquire equity interests in ABCO Garden State, LLC, and formed a joint venture with EBC Ventures to enter the Illinois market. These acquisitions are part of Grown Rogue's strategy to enhance its production capabilities and market share in the rapidly growing cannabis industry.

The company reported a working capital increase to $16.59 million as of December 31, 2025, up from $6.70 million the previous year, primarily due to proceeds from a new credit facility. Grown Rogue's total assets also rose significantly, reflecting its ongoing investments in cultivation and production facilities. The company anticipates continued growth, focusing on expanding its footprint in existing markets and exploring new opportunities as the cannabis industry evolves.

Looking ahead, Grown Rogue is optimistic about its future, particularly with the potential for federal de-regulation of cannabis, which could open up new markets for its products. The company plans to leverage its established operations in Oregon and Michigan to capitalize on emerging opportunities in the cannabis sector, aiming to enhance its brand presence and product offerings in the coming years.