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An announcement from Grown Rogue International ( (TSE:GRIN) ) is now available.
Grown Rogue International reported a successful fiscal year 2024, with a 16% increase in revenue to $27 million and a 27% rise in adjusted EBITDA to $9.7 million. The company expanded its market presence by commencing sales in New Jersey and increasing its ownership in Michigan operations. Despite facing pricing pressures, particularly in Oregon and Michigan, Grown Rogue remains focused on operational improvements and market expansion, supported by a newly secured $7 million credit facility.
More about Grown Rogue International
Grown Rogue International Inc. is a craft cannabis company based in Oregon’s Rogue Valley. The company specializes in the cultivation and sale of cannabis flower and pre-rolls, with a market focus on Oregon, Michigan, and New Jersey.
YTD Price Performance: -17.06%
Average Trading Volume: 185,489
Technical Sentiment Signal: Buy
Current Market Cap: $123.9M
Find detailed analytics on GRIN stock on TipRanks’ Stock Analysis page.