Canada · Delayed Price · Currency is CAD Grown Rogue International Earnings Call Transcripts
Fiscal Year 2026
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Operational execution and disciplined cost control drove record yields and low costs in Michigan, with expansion projects in New Jersey, Illinois, and Minnesota on track. Raised guidance reflects improved visibility and pricing stability, supporting confidence in continued growth.
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Growth projects in New Jersey, Illinois, and Minnesota are on schedule, with yield and efficiency gains from technology upgrades. Revenue guidance was raised, and the company expects to hit the high end of adjusted EBITDA despite Michigan tax headwinds.
Fiscal Year 2025
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Growth and expansion into Eastern markets drive expectations for double-digit revenue growth in 2026, with significant capacity increases and operational improvements. Market volatility and regulatory complexities remain key risks.
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Yield and cost improvements drove strong year-over-year revenue growth, with Michigan EBITDA rebounding and New Jersey expansion progressing. Minnesota is prioritized for new builds, and distressed asset opportunities are being actively pursued to fuel further growth.
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Positive cash flow and profitability were maintained despite a $2M+ EBITDA headwind from lower prices, driven by yield and cost improvements. Expansion in New Jersey, Illinois, and Minnesota continues, with a focus on long-term growth and capital efficiency.