Grown Rogue Reports Record Q1 Revenue, CEO Calls These Two States 'Primary Growth Drivers'
Portfolio Pulse from Jelena Martinovic
Grown Rogue International Inc. (OTC:GRUSF) reported record Q1 2024 revenue of $6.7 million, an 11% increase year-over-year. The company highlighted Michigan and Oregon as key markets and emphasized expansion efforts in New Jersey and Illinois as primary growth drivers for 2024 and 2025.
May 30, 2024 | 2:09 pm
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Grown Rogue International Inc. reported record Q1 2024 revenue of $6.7 million, an 11% increase year-over-year. The company is focusing on expansion in New Jersey and Illinois, which are expected to be primary growth drivers in 2024 and 2025.
The record revenue and positive adjusted EBITDA indicate strong financial performance. The focus on expansion in New Jersey and Illinois suggests potential for continued growth, positively impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100