Grown Rogue International GRUSF

Grown Rogue International Inc. is a fully integrated cannabis company focused on seed-to-experience operations, primarily engaged in the cultivation, manufacturing, distribution, and sale of recreational marijuana in the United States. The company produces a diverse portfolio of cannabis flower and flower-derived products, including pre-rolls and packaged flower, serving both medical and adult-use markets. Its core strategy emphasizes high-quality, low-cost production through controlled environment agriculture and outdoor sungrown cultivation, leveraging its presence in Oregon’s Emerald Triangle for competitive advantage.

Grown Rogue generates revenue primarily from the sale of cannabis flower, pre-rolls, and related products to dispensaries and retail partners across its operating states. The company also derives income from wholesale distribution, third-party processing agreements, and value-added services such as product formulation and branding support. Revenue is driven by branded product lines like Yeti and proprietary genetics, with sales conducted through direct-to-retail channels and established distribution networks in Oregon, Michigan, and New Jersey.

The company operates through the following segments: Cultivation and Production, Product Development and Branding, and Sales and Distribution.

• Cultivation and Production: This segment oversees the growing and harvesting of cannabis across indoor and outdoor facilities in Oregon, Michigan, and New Jersey. It manages state-of-the-art indoor grows such as Rossanley and Airport in Oregon, as well as outdoor sungrown farms including Foothill and Ross Lane. The segment also includes operations at Golden Harvests in Michigan and ABCO Garden State in New Jersey, focusing on consistent, high-yield flower production using proprietary genetics and sustainable practices.

• Product Development and Branding: This segment is responsible for developing proprietary strains, branded product lines, and intellectual property, including the Yeti brand of pre-rolls and flower, and nitrogen-sealed packaging technology protected by U. S. Patent No. 10,358,282. It manages strain selection, phenotype hunting, and genetic library expansion, maintaining over 50 unique cultivars. The segment also handles product innovation such as nitrogen-sealed 3.5-gram flower jars and strain-specific prepackaged flower, ensuring differentiation in competitive markets.

• Sales and Distribution: This segment manages the commercialization of Grown Rogue’s products through direct-to-retail relationships, third-party delivery compliance (particularly in Michigan), and partnerships with wholesalers and processors. It includes market-specific strategies for Oregon, Michigan, and New Jersey, supported by LeafLink’s MarketScape data showing the company as Oregon’s top flower producer and a top-five indoor producer in Michigan. The segment also oversees customer education, budtender training, and dispensary partnerships to strengthen brand loyalty and market penetration.

Grown Rogue holds a leading position in Oregon’s competitive cannabis market, recognized as the #1 flower producer by LeafLink’s MarketScape in both 2022 and 2023, and ranks among the top five indoor flower producers in Michigan. Its competitive advantages stem from low-cost, high-quality cultivation in the Emerald Triangle, award-winning product quality—including first-place finishes in THC and terpene content at the Growers Cup—and proprietary genetics and branding. The company differentiates itself through its seed-to-experience model and focus on branded, consumer-education-driven products in a commodity-heavy industry.

Grown Rogue serves adult-use and medical cannabis consumers through licensed dispensaries in Oregon, Michigan, and New Jersey, with products distributed to retail partners via wholesale and direct delivery channels. The company works closely with dispensary owners and budtenders to provide product training, strain education, and promotional support, ensuring informed consumer choices. Its customer base includes both recreational and medical users seeking premium, consistently tested flower and pre-roll products backed by transparent labeling and quality assurance.