Grown Rogue Q1 revenue rises 28%, lifts 2026 guidance

Grown Rogue International

12/05/2026 21:15

Overview

U.S. cannabis producer's Q1 revenue rose 28% yr/yr, driven by New Jersey and Oregon growth

Adjusted EBITDA for Q1 increased 32% to $1.6 mln, margin improved to 17.1%

Company raised 2026 revenue guidance to $34-$37 mln, citing improved Michigan performance

Outlook

Grown Rogue raises 2026 revenue guidance to $34-$37 mln from $32-$35 mln

Company reiterates 2026 Adjusted EBITDA guidance of $6-$8 mln and 2027 guidance

Illinois expected to contribute revenue in Q4 2026, Minnesota in Q1 2027

Result Drivers

NEW JERSEY GROWTH - Revenue growth was largely driven by strong sell-through of packaged, branded products in New Jersey, with expansion work underway to increase capacity

MATURE MARKET PRESSURE - Oregon and Michigan continued to experience pricing declines and profitability pressure, but management said cost discipline and yield improvements helped protect margins

PRODUCT EXPANSION - Launch of new vape products in Oregon aimed at growing wallet share and improving utilization of biomass streams

Company press release: ID:nCNWyW94ya

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$9.20 mln


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)