Streetbeat News

GRUSF

Grown Rogue International Inc

Employees

Industry

Crude Petroleum and Natural Gas Extraction

Open

0.60

Mkt cap

138M

Volume

20K

High

0.62

P/E Ratio

31.00

52-wk high

0.90

Low

0.60

Div yield

N/A

52-wk low

0.24

Grown Rogue is gaining attention from analysts due to its focus on key areas such as Jersey, yield, cost, and company culture. The company is being evaluated for its potential fit within the CPG industry, with a focus on margins and ROI, particularly cash on cash returns.

Portfolio Pulse from

November 07, 2024 | 5:15 pm

Grown Rogue International Inc. has ended its advisory agreement with Vireo Growth Inc., resulting in Vireo forfeiting 4.5 million warrants and paying Grown Rogue $800,000. Grown Rogue plans to expand into New Jersey and Illinois, while Vireo undergoes a leadership transition with Amber Shimpa as the new CEO, focusing on Minnesota's market.

Portfolio Pulse from Nicolás Jose Rodriguez

October 11, 2024 | 3:40 am

Michigan's cannabis sales reached a record $295.4 million in August, with recreational sales dominating. The state's cannabis industry hit a $3.06 billion milestone in 2023, with projections of $3.32 billion for 2024. Companies like Ascend Wellness, Grown Rogue, TerrAscend, and Red White & Bloom are key players in this market.

Portfolio Pulse from Jelena Martinovic

September 12, 2024 | 12:37 pm

Grown Rogue International Inc. has granted stock options and RSUs to key personnel and converted multiple voting shares to subordinate voting shares, indicating a strategic move for long-term growth and confidence in the company's future.

Portfolio Pulse from Nicolás Jose Rodriguez

September 04, 2024 | 5:36 pm

Grown Rogue International Inc. reported record Q2 2024 revenue and adjusted EBITDA, driven by growth in New Jersey and Illinois. The company saw a 23% revenue increase to $7.7 million and a 21% improvement in adjusted EBITDA to $2.5 million. Despite a net loss of $7.6 million, Grown Rogue is expanding in New Jersey and Illinois, with sales expected in New Jersey by Q4 2024 and Illinois by the second half of 2025.

Portfolio Pulse from Jelena Martinovic

August 27, 2024 | 1:09 pm

Cannabis sales are booming in states like California and Michigan, with significant contributions from public companies such as Ascend Wellness Holdings, Grown Rogue International, TerrAscend Corp., and Red White & Bloom Brands. Michigan has surpassed California in unit sales, while Illinois, Massachusetts, and Missouri also report strong sales figures.

Portfolio Pulse from Jelena Martinovic

July 22, 2024 | 1:26 pm

Michigan's cannabis market reached a record $837 million in Q2 2024, driven by strong adult-use sales and market expansion. Despite a decline in medical use sales and average revenue per retailer, the market remains robust with significant contributions from public companies like Ascend Wellness, Grown Rogue, TerrAscend, and Red White and Bloom. The market's growth is supported by new dispensaries and increased competition.

Portfolio Pulse from Nicolás Jose Rodriguez

July 18, 2024 | 3:13 am

Grown Rogue International Inc. (OTC:GRUSF) has entered a secured drawdown promissory note agreement with ABCO Garden State, LLC, a New Jersey licensed cultivator. Grown Rogue now owns 44% of ABCO and has an option to acquire an additional 26%, subject to regulatory approval. The company will lend up to $3,000,000 to support ABCO's construction and working capital needs. New Jersey's cannabis market is growing rapidly, with sales reaching over $800 million in 2023.

Portfolio Pulse from Nina Zdinjak

July 05, 2024 | 8:52 pm

Chicago Atlantic Real Estate Finance (NASDAQ:REFI) is outperforming its peers in the cannabis capital providers and mortgage REIT sectors due to its premium valuation, high dividend yield, and robust growth track record. REFI trades at a 3% premium to its book value and offers a 12.2% dividend yield, supported by a solid dividend coverage ratio and special cash dividends. Despite an increase in leverage, REFI maintains a conservative risk profile and a strong growth track record, making it an attractive investment.

Portfolio Pulse from Nicolás Jose Rodriguez

July 05, 2024 | 3:02 pm

Grown Rogue International Inc. (CSE:GRIN, OTC:GRUSF) is reorganizing its share capital to maintain its foreign private issuer status in the US. This move aims to defer additional reporting obligations and focus on operational goals, including new assets in New Jersey and Illinois. The reorganization will redesignate common shares as subordinate voting shares and create a new class of unlisted multiple voting shares. The record date is June 26, 2024, and the reorganization will be effective on June 27, 2024.

Portfolio Pulse from Nina Zdinjak

June 25, 2024 | 7:36 pm

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