Grown Rogue International ( (TSE:GRIN) ) just unveiled an update.
Grown Rogue International has reported preliminary revenue of $1.8 million for its New Jersey cultivation affiliate, ABCO Garden State, LLC, in the first quarter, with a gross margin between 55% and 60%. The company plans to increase its ownership in ABCO to 70% by 2026, and is currently optimizing its operations to improve yield, quality, and cost metrics. Grown Rogue is also expanding its production capacity in New Jersey, with Phase II construction set to double its output by early 2026. The company aims to provide investors with pro forma financial results for ABCO, reflecting its significant contribution to Grown Rogue’s operations.
More about Grown Rogue International
Grown Rogue International Inc. is a craft cannabis company based in Medford, Oregon, known for its high-quality cannabis products cultivated in Oregon’s Rogue Valley. The company focuses on providing premium cannabis products, including flower and pre-rolls, and is expanding its operations into new markets such as New Jersey.
YTD Price Performance: -38.24%
Average Trading Volume: 249,143
Technical Sentiment Signal: Buy
Current Market Cap: $94.92M
See more data about GRIN stock on TipRanks’ Stock Analysis page.