Grown Rogue Expands into Minnesota with New Cultivation Facility

Grown Rogue International ( (TSE:GRIN) ) has issued an update.

Grown Rogue International Inc. has secured a long-term lease for a cannabis cultivation facility in Fridley, Minnesota, marking a significant step in its expansion into the Minnesota market. The facility, which has received local approval for cannabis cultivation, will undergo phased construction beginning in 2026, with the first products expected in early 2027. This strategic move positions Grown Rogue to capitalize on the growing demand for cannabis in Minnesota, with the potential to expand its flower canopy to the maximum allowed size, thereby enhancing its market presence and operational scale.

The most recent analyst rating on (TSE:GRIN) stock is a Hold with a C$0.50 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 TSE:GRIN Stock

According to Spark, TipRanks’ AI Analyst, TSE:GRIN is a Neutral.

Grown Rogue International’s overall score is driven by strong revenue growth and strategic expansions, tempered by profitability challenges and high leverage. Technical indicators suggest bearish momentum, while valuation is reasonable. Positive earnings call sentiment and strategic corporate events provide a growth outlook, but financial stability remains a concern.

To see Spark’s full report on TSE:GRIN stock, click here.

More about Grown Rogue International

Grown Rogue International Inc. is a flower-forward cannabis company rooted in Oregon’s Rogue Valley, known for its deep cannabis heritage and commitment to quality. The company operates in Oregon, Michigan, and New Jersey, with expansion underway in Minnesota and Illinois, specializing in producing designer-quality indoor flower.

Average Trading Volume: 66,836

Technical Sentiment Signal: Sell

Current Market Cap: C$103.6M

See more data about GRIN stock on TipRanks’ Stock Analysis page.