Grown Rogue Q3 2026 Results: Net Loss Widens on Rogue EBC Deal

Grown Rogue International Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 13, 2026, reporting a nine-month net loss of $12,582,554 on revenue of $31,448,533.

Key Highlights

  • Revenue growth: Product sales for the nine months ended September 30, 2026 reached $31,448,533, up from $23,674,438 in the same period of 2025, according to the filing.
  • Acquisition loss: The company recorded a $5,030,332 loss on the acquisition of Rogue EBC in Q3 2026, with no comparable charge in Q3 2025.
  • Net loss widened: The nine-month net loss was $12,582,554, compared with net income of $3,963,404 in the first nine months of 2025.
  • Total assets expanded: Total assets reached $101,433,328 as of September 30, 2026, up from $62,736,536 at December 31, 2025.
  • Cash position: Cash and cash equivalents stood at $16,602,268 as of September 30, 2026, versus $11,371,834 at year-end 2025.
  • Shares outstanding: As of November 13, 2026, the registrant had 249,938,980 Subordinate Voting Shares and 0 Multiple Voting Shares outstanding.
  • Gross profit: Nine-month gross profit was $14,810,615, compared with $10,577,256 for the same period in 2025.

Grown Rogue's Q3 2026 Financial Results: Revenue Gains Offset by Acquisition Charge and Higher Costs

Grown Rogue International Inc. (OTC:GRUSF), a cannabis company incorporated in Canada with principal executive offices at 550 Airport Road, Medford, Oregon, reported nine-month product sales of $31,448,533 for the period ended September 30, 2026, an increase from $23,674,438 in the comparable 2025 period, according to the filing. For the three-month period ended September 30, 2026, product sales were $11,019,038, compared with $8,514,268 in Q3 2025. The company sells cannabis products and classifies its cost of revenue as "cost of finished cannabis inventory sold," which totaled $16,637,918 for the nine months ended September 30, 2026.

The filing disclosed a $5,030,332 loss on the acquisition of Rogue EBC recorded in the third quarter of 2026, a charge with no equivalent in the prior-year period. This loss, combined with a $2,853,195 unrealized loss on warrant assets and $1,512,204 in interest and accretion expense for the nine months, contributed to a total other expense, net, of $8,709,061 for the nine-month period. Income tax expense for the same span was $4,542,895, further reducing net results. As a result, the net loss attributable to shareholders for the nine months ended September 30, 2026 was $13,473,373, compared with net income attributable to shareholders of $2,767,257 in the first nine months of 2025.

On the balance sheet, total assets grew to $101,433,328 as of September 30, 2026, from $62,736,536 at December 31, 2025. The increase was driven in part by right-of-use assets for operating leases expanding to $35,662,493 from $13,414,406, and property and equipment, net, rising to $20,999,582 from $14,055,552. Total liabilities also rose substantially, to $78,470,598 from $38,818,189, reflecting growth in operating lease liabilities and other non-current liabilities. The filing also introduced a redeemable non-controlling interest balance of $8,910,607 as of September 30, 2026, with no comparable balance at December 31, 2025.

What Was Disclosed

Grown Rogue International filed an unaudited quarterly report covering the three and nine months ended September 30, 2026. The report disclosed revenue growth, a significant acquisition-related loss tied to Rogue EBC, expanded total assets, and a widening net loss compared with the prior-year period.