Grown Rogue reports 40% growth in Q3 revenue

The Q 3 2022 revenue of Grown Rogue International Inc. was $4.25 million, an increase of 40% compared to $3.03 million in Q 3 2021.

Tenth consecutive quarter of positive adjusted EBITDA and fourth consecutive quarter above $1 million a year ago.

At Grown Rogue, we are focused on our mission to deliver affordable, craft-quality cannabis to an increasing number of cannabis consumers, said Obie Strickler, CEO of Grown Rogue. We focus on increasing our efficiencies while ensuring customers experience quality expressions of leading genetics, and our operational results continue to reflect the success of that focus. This scale and operating leverage has resulted in the leading position in the Oregon flower market and top 10 in Michigan. Despite continued market headwinds, I am pleased with our 40% year over year revenue growth and 51% year over year adjusted EBITDA growth. We are focusing on continuing to delight customers in Oregon and Michigan while evaluating opportunities to enter new markets while remaining disciplined in our capital allocation. I look forward to bringing Grown Rogue to new markets and consumers and will update shareholders on these efforts in the future.