Grown Rogue International Inc. (OTC: GRUSF)

Grown Rogue International Inc. is a multistate cannabis company that cultivates produces and distributes marijuana flower and related products in the United States.

The firm operates indoor and outdoor growing facilities in Oregon’s Rogue Valley and has expanded into Michigan through a controlling interest in an indoor cultivation operation.

Its core business centers on high quality low cost flower production supported by proprietary genetics and award winning strains while also offering consulting services to other cannabis operators.

The company generates revenue primarily from the sale of cannabis flower pre rolls and related products to dispensaries and retail consumers in Oregon and Michigan.

In addition Grown Rogue earns service revenue under a consulting agreement with Vireo Growth whereby it provides cultivation optimization support and receives fees and potential incentive compensation.

Revenue from product sales is driven by wholesale and direct to retail channels while service revenue is recognized over the term of the consulting contract.

According to LeafLink’s MarketScape data Grown Rogue ranked as the number 1 flower producer in Oregon and placed within the top 5 indoor flower wholesalers in Michigan for both 2022 and 2023.

The company's flower has won multiple awards in Oregon including 1st place for highest THC content and 1st place for highest terpene content at the Growers Cup competition.

These achievements combined with its focus on low cost cultivation and proprietary genetics give Grown Rogue a competitive advantage over other regional cultivators.

Key competitors include other licensed cannabis producers operating in Oregon and Michigan such as large multistate operators and local craft growers.

Grown Rogue's customers are dispensaries and retail outlets that sell marijuana to adult use and medical consumers in the states where it is licensed.

While the filing does not disclose specific dispensary names the company states that it distributes its flower and pre rolls throughout Oregon and Michigan.

Thus its customer base consists primarily of licensed cannabis retailers and the end consumers they serve.