Q4 2025 Grown Rogue International Inc Earnings Call Transcript
Key Points
- Grown Rogue International Inc (GRUSF) has successfully expanded its team, attracting external talent and promoting internal leaders, which strengthens its operational capabilities.
- The company has made strategic hires in key areas such as construction, marketing, and management, enhancing its ability to manage growth and expansion projects.
- Grown Rogue International Inc (GRUSF) has begun construction on Phase 2 in New Jersey and expects to complete it within the year, which will increase production capacity.
- The company has secured a $12 million term debt facility at a sub-8% interest rate, supporting its expansion efforts in Minnesota and New Jersey.
- Grown Rogue International Inc (GRUSF) is on track to significantly increase its production capacity by 50% in 2026, with plans to expand into new markets like Minnesota and Illinois.
- The transition from IFRS to US GAAP accounting standards proved challenging, causing delays and requiring significant adjustments.
- The company faced cyclical pricing pressures in markets like Oregon and Michigan, impacting profitability.
- New Jersey's market ramp-up was slower than anticipated, affecting sales and revenue growth.
- The stock price has been under pressure over the past year, reflecting market challenges and investor concerns.
- The company acknowledges the complexity and volatility of market pricing, which could impact future financial performance.
Good afternoon, ladies and gentlemen, and welcome to the Grown Rogue International, Inc. full-year 2025 results and outlook.
As a reminder, during the course of today's conference call, Grown Rogue's management may make forward-looking statements based on current expectations, estimates and assumptions. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. These risks are described in the Risk Factors section of the company's filings and other public disclosures material.
Any forward-looking statements made on this call speak only as of today, and Grown Rogue undertakes no obligation to update or revise them in the future, except as required by law. During today's call, we will also refer to certain non-GAAP financial measures including EBITDA and adjusted EBITDA.
These measures do not have standardized meanings under GAAP and may not be comparable to similarly titled measures used by other companies. Grown Rogue believes these measures provide useful supplemental information to investors,
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