Grown Rogue has released its financial and operating results for Q2 2020. The Company’s business strategy focusing on supply chain efficiencies and higher margin branded product sales continues to pay dividends as Grown Rogue has achieved positive Adjusted EBITDA for the first time while also posting a second consecutive quarter of positive operating cash flow.
Read MoreGrown Rogue announced it has achieved a cash cost to produce its award-winning, high quality, indoor dried flower for USD$0.81 per gram (USD$368/lb) at its Medford, OR facility. The Company has also completed the sale of its California subsidiary consistent with its market focus and core competency strategy announced last year.
Read MoreGrown Rogue is pleased to announce that it has completed a non-brokered private placement offering of 10,000,000 units of the Company, at a price of Cdn. $0.10 per Unit, for total gross proceeds of Cdn. $1,000,000.
Read MoreGrown Rogue today announced successful completion of $250,000 USD of initial improvements at Golden Harvests’ facility, in Bay City, MI, that have increased flowering capacity by nearly 30% and increased product quality in Michigan.
Read MoreGrown Rogue’s new business strategy generated very tangible benefits in Q1 2020 as margin rates nearly tripled to 53%, branded product sales doubled, and overall revenue was up 33% vs Q1 2019.
Read MoreIn its first year as a publicly traded company, Grown Rogue doubled revenue and increased margin from 2% to 25%. Grown Rogue accomplished this by streamlining its organization and supply chain while focusing on producing premium flower products that were sold to best in class single and multi-door dispensaries.
Read MoreGrown Rogue today announced that its majority held subsidiary GR Michigan, LLC has closed a secured debt investment of USD $600,000.
Read MoreGrown Rogue today announced the promotion of two senior leaders to its executive team. Rob Rigg has been promoted to Chief Marketing Officer, while Adam August takes on the responsibility of Chief Financial Officer of Grown Rogue’s US based operating subsidiary.
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