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Company Name: Grown Rogue International Inc.

Grown Rogue International Inc. (CSE: GRIN / OTC: GRUSF) Q3 Revenue up 17% YoY, Inline with Expectations

In Q3-2020, the company reported $904k in revenue (in line with our expectations), an increase of 17% YoY, and a decrease of 23% QoQ. EBITDA also showed a similar trend, improving YoY, but declining QoQ. The Bay City indoor production facility in Michigan (acquisition expected to be completed by Q2-2021) received its first Class-C adult-use (recreational) cannabis production license in August 2020. Recreational cannabis prices were 30% higher than medical in September.

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