Grown Rogue Reports Fourth Quarter 2023 Results - Revenue of $6.5M compared to $5.0M in Q4 2022, an increase of 29%
- Operating Cash Flow (OCF), before changes in working capital (BC WC), of $1.8M compared to $0.7M in Q4 2022, an increase of 156%
- Announced entry into the attractive New Jersey market, with construction underway and on track to be completed in Q2 2024, with sales expected in Q3 2024
- Free Cash Flow1 (FCF) of $0.1M, after $0.5M spend on Oregon + Michigan CapEx and WC and $1.2M on other CapEx
- Closed the second and final tranche of US$1,000,000 as part of our 2023 convertible debenture for total gross proceeds of US$6,000,000
- US$1,650,000 of the Company's existing 2022 convertible debentures have been converted, leaving the Company with US$6,350,000 in total convertible debt
MEDFORD, Ore., Dec. 19, 2023 /CNW/ - Grown Rogue International Inc. ("Grown Rogue" or the "Company") (CSE: GRIN) (OTC: GRUSF), a craft cannabis company operating in Oregon and Michigan, and in Minnesota and Maryland through an advisory agreement with Goodness Growth Holdings, Inc., is pleased to report its unaudited fiscal fourth quarter 2023 results for the three months ended October 31, 2023. All financial information is provided in U.S. dollars unless otherwise indicated.
Grown Rogue Reports Fourth Quarter 2023 Results, Third Consecutive Quarter of Record Revenue (newswire.ca)