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Grown Rogue International Inc.

For the period ended Mar 31, 2026. Filed May 12, 2026.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed May 12, 2026

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

or

For the transition period from _________ to _________

Commission file number 000-53646

Grown Rogue International Inc.

(Exact Name of Registrant as Specified in its charter)

Canada98-1463866
(State or other jurisdiction ofincorporation or organization)(I.R.S. Employer Identification No.)
550 Airport Road Medford, Oregon, United States, 97504
(Address of principal executive offices, Zip Code)

(458)226-2100

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

None

Securities registered under Section 12(g) of the Act:

Subordinate Voting Shares, no par value

(Title of Class)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§229.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act:

Large Accelerated Filer☐Accelerated Filer☐
Non-Accelerated Filer☒Smaller Reporting Company☒
Emerging Growth Company☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐No ☒

As of May 12, 2026, the registrant had 249,938,980 Subordinate Voting Shares and 0 Multiple Voting Shares outstanding.

TABLE OF CONTENTS

Part I – FINANCIAL INFORMATION
Item 1Condensed Consolidated Financial Statements (unaudited)1
Condensed Consolidated Balance Sheets as at March 31, 2026 and December 31, 20252
Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss)3
Condensed Consolidated Statements of Changes in Shareholders’ Equity4
Condensed Consolidated Statements of Cash Flows5
Item 2Management’s Discussion and Analysis of Financial Condition and Results of Operations32
Item 3Quantitative and Qualitative Disclosures About Market Risk39
Item 4Controls and Procedures40
Part II – OTHER INFORMATION
Item 1Legal Proceedings41
Item 1ARisk Factors41
Item 2Unregistered Sales of Equity Securities and Use of Proceeds41
Item 3Defaults Upon Senior Securities41
Item 4Mine Safety Disclosure41
Item 5Other Information41
Item 6Exhibits42
Signatures45

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.