GRUSF - Grown Rogue Reports Record Q1 Revenue CEO Calls These Two States 'Primary Growth Drivers' | Benzinga
Grown Rogue International Inc. (CSE:GRIN) (OTC:GRUSF) reported its first-quarter 2024 results on Thursday for the three months ended March 31, 2024.
The Oregon-based company reported record quarterly revenue of $6.7 million, compared to $6 million in the three months ended April 30, 2023, representing a year-over-year increase of 11%.
Grown Rogue noted the comparison period for 2023 is the three months ended April 30, 2023, due to the recent fiscal year-end change from Oct. 31 to Dec. 31.
“This was another exciting quarter with record revenue and aEBITDA despite the year-ago comparison period including April instead of January; April is seasonally a stronger month for the industry," CEO Obie Strickler said. "In addition, we achieved record indoor revenue in Michigan and Oregon during the quarter and are thrilled that an increasing number of customers in competitive markets are choosing our products which means we ...