Grown Rogue International Inc. (OTCPK:GRUSF) (CSE:GRIN) released its audited 2022 results for the twelve months ended October 31, 2022, revealing revenue of $17.8 million compared to $9.4 million in 2021, an increase of 89%.
2022 Financial Highlights
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Gross profit was $8.1 million compared to $6.1 million in 2021.
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Net income was $419,951 compared to a net loss of $1 million in 2021.
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Subsequent to year-end, closed a $2.0 million convertible debenture financing
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Adjusted EBITDA was $5.1 million, a 126% increase compared to $2.3 million in 2021.
"I'm thrilled to report our fiscal 2022 results, which continue to show our ability to carefully and profitably scale our business, including being free cash flow positive and increasing revenue and aEBITDA by 89% and 126% respectively year-over-year," stated Obie Strickler, CEO of Grown Rogue. "Our relentless focus on …