Grown Rogue has completed its transition from an October 31 financial year end to a calendar year end, and is reporting a two-month stub period for the two months ending December 31, 2023 Revenue of $3.6M and Operating Cash Flow (OCF), before changes in working capital (WC), of $0.7M Subsequent to period-end, the Company augmented New Jersey presence with a retail investment, announced entry into Illinois via a craft growers license, and announced the exercise and conversion of warrants, options, and debentures MEDFORD, Ore., April 30, 2024 /CNW/ - Grown Rogue International Inc. ("Grown Rogue" or the "Company") (CSE:GRIN) (OTC:GRUSF), a craft cannabis company born from the amazing terroir of Oregon's Rogue Valley, is pleased to report its audited financial results for the two months ending December 31, 2023. The Company is reporting this two-month period as part of its earlier announced transition to a financial year end of December 31, so the Company's financial quarters align with peers on calendar quarters going forward and the Company's annual harvest cycle. All financial information is provided in U.S. dollars unless otherwise indicated.  Management Commentary "We are excited to complete the transition of our fiscal year to now align with the calendar year. It was great to see that during November and December, typically the two slowest months for the Company, we saw 30% year-over-year revenue growth in our core markets of Oregon and Michigan," said Obie Strickler, CEO of Grown Rogue. "We are also pleased with the construction and business planning progress in New Jersey and are excited to soon be bringing our high-quality, craft cannabis to the great people of New Jersey. We set aggressive timelines for the cultivation facility and would like to thank our team for their effort and commitment to achieving these timelines," continued Mr. Strickler. "The recent warrant exercises, which resulted in the Company adding an additional US$4.7M in cash, have positioned us well to finance our current growth initiatives with cash on the balance sheet while leaving us with enough liquidity to move quickly if an attractive opportunity presents itself. I want to personally thank the entire Grown Rogue team, our shareholders, and our customers for the continued support to help Grown Rogue achieve our goal of becoming the first nationally recognized craft cannabis company in the U.S." Financial Statements and aEBITDA reconciliation  CONSOLIDATED STATEMENTS OF FINANCIAL POSITION   December 31, 2023  October 31, 2023  $ $ ASSETS  Current assets  Cash and cash equivalents  6,804,579 8,858,247 Accounts receivable (Note 18)  1,642,990 2,109,424 Biological assets (Note 3)  1,723,342 1,566,822 Inventory (Note 4)  5,021,290 4,494,257 Prepaid expenses and other assets  420,336 392,787 Total current assets  15,612,537 17,421,537 Property and equipment (Note 8)  8,820,897 8,753,266 Notes receivable (Notes 6.2.1 and 6.2.2)  2,449,122 1,430,526 Warrants asset (Note 13.2)  1,761,382 1,361,366 Intangible assets and goodwill (Note 9)  725,668 725,668 Deferred tax asset (Note 20)  246,294 470,358 TOTAL ASSETS  29,615,900 30,162,721 LIABILITIES  Current liabilities  Accounts payable and accrued liabilities  1,358,962 2,359,750 Current portion of lease liabilities (Note 7)  925,976 824,271 Current portion of long-term debt (Note 10)  780,358 1,285,604 Business acquisition consideration payable (Note 5)  360,000 360,000 Derivative liability (Notes 11.1.1, 11.2 and 11.2.1)  7,471,519 7,808,500 Income tax payable  873,388 366,056 Total current liabilities  11,770,203 13,004,181 Lease liabilities (Note 7)  1,972,082 2,094,412 Long-term debt (Note 10)  82,346 102,913 Convertible debentures (Notes 11.1, 11.2 and 11.2.1)  2,459,924 2,412,762 TOTAL LIABILITIES  16,284,555 17,614,268 EQUITY  Share capital (Note 12)  24,593,422 24,593,422 Contributed surplus (Notes 13 and 14)  8,186,297 8,081,938 Accumulated other comprehensive loss  (108,069) (114,175) Accumulated deficit  (20,353,629) (20,996,449) Equity attributable to shareholders                                          12,318,021 11,564,736 Non-controlling interests (Note 23)  1,013,324 983,717 TOTAL EQUITY  13,331,345 12,548,453 TOTAL LIABILITIES AND EQUITY  29,615,900 30,162,721   CONSOLIDATED STATEMENTS OF INCOME & LOSS  Two months ending  Year ended  AND COMPREHENSIVE INCOME & LOSS  December 31, 2023  October 31, 2023  $ $ Revenue  Product sales (Note 2.5)  3,542,037 22,424,169 Service revenue (Note 2.5.1)  96,050