(Corrects Key Details to say EPS is for Q3, not Q4)

Overview

* Grown Rogue ( GRUSF ) Q3 Pro Forma Revenue rises 26% yr/yr, driven by New Jersey operations

* Reported IFRS Revenue for Q3 declines 23% yr/yr

* Company borrows additional $5 mln, expanding loan to $12 mln for growth initiatives

Outlook

* Grown Rogue ( GRUSF ) prioritizes Minnesota expansion with plans for a 30,000 sq ft flowering canopy

* Company plans to broaden branded product offerings in Michigan and Oregon

Result Drivers

* NEW JERSEY GROWTH - New Jersey operations contributed significantly to revenue growth, with $3.4 mln in revenue and $1.6 mln in Adjusted EBITDA

* MICHIGAN IMPROVEMENTS - Michigan operations saw sequential sales improvement and Adjusted EBITDA increase, despite year-over-year revenue decline

* OREGON CHALLENGES - Oregon faced pricing pressure and competitive market conditions, leading to lower revenue and profitability

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $0.01

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)