Grown Rogue International Earnings Call Transcripts
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.