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Grown Rogue International ( (TSE:GRIN) ) has issued an announcement.
On March 31, 2026, Grown Rogue announced selected preliminary, unaudited results for 2025, showing revenue of $32.4 million, up 22% year over year, and a swing to GAAP net income of $2.4 million from a $16.1 million loss, alongside higher Adjusted EBITDA and a more than doubling of cash to $11.4 million. The company also disclosed that growth was driven by the ramp-up of New Jersey operations offsetting pricing pressure in Oregon and Michigan, and that it has rescheduled the release of its full audited 2025 results and outlook, and its conference call, to April 7, 2026, due to the added complexity of its first year-end as a U.S. domestic issuer and its transition from IFRS to U.S. GAAP, a delay it stressed was not related to any auditor disputes or undisclosed issues.
Grown Rogue reported that 2025 segment revenue declined in Oregon and Michigan but surged in New Jersey, where commercial sales began in December 2024, contributing $11.3 million in revenue for 2025. Management emphasized that while the reporting delay required a late-filing notice with the SEC, they expect to complete the audit within days and indicated that New Jersey, Illinois and Minnesota are central to the company’s 2026 growth plans, underscoring a strategic shift toward newer, higher-growth markets.
The most recent analyst rating on (TSE:GRIN) stock is a Hold with a C$0.42 price target. To see the full list of analyst forecasts on Grown Rogue International stock, see the TSE:GRIN Stock Forecast page.
Spark’s Take on GRIN Stock
According to Spark, TipRanks’ AI Analyst, GRIN is a Neutral.
The score is held back primarily by weak financial performance (declining revenue, negative profitability, and deteriorating free cash flow) and bearish technicals. These are partially offset by a reasonable valuation (P/E ~13) and a more constructive earnings-call outlook centered on cost reductions, liquidity, and expansion progress despite ongoing pricing pressure.
To see Spark’s full report on GRIN stock, click here.
More about Grown Rogue International
Grown Rogue International Inc. is a flower-forward cannabis company that combines craft cultivation values with disciplined execution. The company focuses on producing and selling cannabis products across key U.S. markets, including Oregon, Michigan and the rapidly expanding New Jersey market, and operates as a U.S. domestic issuer reporting under U.S. GAAP.
Average Trading Volume: 49,012
Technical Sentiment Signal: Sell
Current Market Cap: C$104.8M
For a thorough assessment of GRIN stock, go to TipRanks’ Stock Analysis page.