Grown Rogue International Inc.
For the period ended Jun 30, 2026. Filed Aug 5, 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.
Jun 30, 2026 · Filed Aug 5, 2026
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Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Statements of Changes in Cash Flows
For the six months ended June 30, 2026 and 2025
(Expressed in United States Dollars, unless otherwise indicated) - Unaudited
| 2026 | 2025 | |
|---|---|---|
| $ | $ | |
| Operating activities | ||
| Net income (loss) | (3,694,415) | 2,398,248 |
| Adjustments for non-cash items in net income (loss) and earnings impact of warrant liability reclassification: | ||
| Depreciation of property and equipment | 156,812 | 212,911 |
| Depreciation of property and equipment included in costs of finished cannabis inventory sold | 1,577,038 | 795,337 |
| Lease costs included in costs of finished cannabis inventory sold | 542,497 | 927,805 |
| Share-based compensation | 304,081 | 1,772,735 |
| Interest and accretion expense | 979,220 | 690,724 |
| Other income | - | (5,251) |
| Interest income | (84,844) | (72,274) |
| Unrealized (gain) loss on derivative liability | (148,383) | 27,654 |
| Realized (gain) loss on derivative liability | - | (5,859,744) |
| Unrealized loss on warrant asset | 2,747,667 | 1,340,654 |
| Unrealized gain on warrant liability | (433,547) | - |
| Loss on equity investment in associate | 293,250 | 268,420 |
| Deferred income taxes | (272,243) | (55,184) |
| Changes in operating assets and liabilities (Note 18) | 2,280,732 | (3,098,916) |
| Net cash provided by (used in) operating activities | 4,247,865 | (656,881) |
| Investing activities | ||
| Purchase of property and equipment | (5,498,773) | (241,532) |
| Payments of business acquisition consideration payable | (377,988) | (254,828) |
| Investment in Rogue EBC, LLC equity interest | (415,000) | (468,000) |
| Net cash used in investing activities | (6,291,761) | (964,360) |
| Financing activities | ||
| Sale of non-controlling interest in GRMA, net of issuance costs | 2,985,000 | - |
| Proceeds from exercise of stock options | 21,839 | 402,844 |
| Proceeds from long-term debt | 1,000,000 | 7,471,063 |
| Distributions to non-controlling interests in subsidiaries | (235,156) | (70,000) |
| Debt issuance costs | - | (246,913) |
| Repayment of long-term debt | (1,529,295) | (1,169,064) |
| Payment of interest on convertible debentures | - | (79,755) |
| Repayment of finance lease | (37,500) | (6,250) |
| Net cash provided by financing activities | 2,204,888 | 6,301,925 |
| Effect of foreign exchange on cash and cash equivalents | - | 1,285 |
| Change in cash and cash equivalents | 160,992 | 4,681,969 |
| Cash and cash equivalents, beginning of period | 11,371,834 | 4,917,708 |
| Cash and cash equivalents, end of period | 11,532,826 | 9,599,677 |
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