Cannabis firm Grown Rogue Q2 revenue rises 41%, lifts outlook

Overview

• U.S. cannabis flower producer's Q2 revenue rose 41% yr/yr to $11.3 mln

• Adjusted EBITDA for Q2 rose 36% to $2.1 mln

• Company raised 2026 and 2027 revenue and adjusted EBITDA guidance

Outlook

• Grown Rogue raises 2026 revenue guidance to $38–$41 mln, from $34–$37 mln

• Company raises 2026 adj EBITDA guidance to $7–$9 mln, from $6–$8 mln

• Grown Rogue raises 2027 revenue guidance to $55–$63 mln, from $50–$58 mln

Result Drivers

• NEW JERSEY GROWTH - Revenue in New Jersey rose 65% yr/yr, driven by strong demand and sell-through for packaged, branded products, with expansion of cultivation capacity underway

• MICHIGAN OPERATING IMPROVEMENTS - Record yields and lower costs in Michigan contributed to a 49% revenue increase, with technology improvements cited by management

• PRODUCT EXPANSION - Measured rollout of new vape products in Oregon and plans to launch infused pre-rolls in New Jersey later this year supported growth

Company press release: ID:nCNW8kx9na

Key Details

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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.)