v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 11,371,834 $ 4,917,708
Accounts receivable, net (Note 5) 2,908,270 1,557,125
Inventory (Note 6) 7,081,295 5,941,551
Prepaid expenses 563,912 699,362
Current portion of notes receivable (Note 9) 253,403
Total current assets 22,178,714 13,115,746
Other long-term assets 300,000 200,000
Warrants asset (Note 7) 5,103,272 4,855,795
Other Investments (Note 8) 1,358,860 575,967
Notes receivable (Note 9) 1,683,757 1,538,011
Lease receivable (Note 11) 94,022
Property and equipment, net (Note 10) 14,055,552 14,044,233
Right of use assets (Note 11) 13,414,406 7,591,048
Deferred tax asset (Note 22) 1,522,760 692,105
Intangible assets (Note 12) 3,025,193 3,025,193
TOTAL ASSETS 62,736,536 45,638,098
Current liabilities    
Accounts payable and accrued liabilities 1,262,519 2,690,907
Current portion of operating lease liabilities (Note 11) 844,421 1,047,763
Current portion of finance lease liabilities (Note 11) 152,705
Current portion of long-term debt (Note 13) 2,576,228 227,680
Convertible debentures (Note 15) 663,736
Current portion of consideration payable on business acquisitions (Note 14) 455,844 536,881
Derivative liability (Note 16) 137,041 12,504,180
Income tax payable (Note 22) 296,018 1,916,726
Total current liabilities 5,724,776 19,587,873
Operating lease liabilities, net of current portion (Note 11) 13,010,805 6,699,808
Finance lease liabilities, net of current portion (Note 11) 67,782
Long-term debt, net of discounts and current portion (Note 13) 10,019,301 2,074,110
Consideration payable on business acquisitions, net of discounts and current portion (Note 14) 1,611,637 1,693,540
Other non-current liabilities (Note 22) 8,383,888 5,007,148
TOTAL LIABILITIES 38,818,189 35,062,479
SHAREHOLDERS’ EQUITY    
Subordinate voting common shares, convertible into multiple voting common shares, no par value; unlimited shares authorized; 249,738,980 and 222,446,113 shares issued and outstanding as at December 31, 2025 and 2024, respectively (Notes 18, 19, 20) 62,589,075 52,365,328
Multiple voting common shares, no par value; unlimited shares authorized; nil 0 and 0 nil shares issued and outstanding as at December 31, 2025 and 2024, respectively (Note 18)
Accumulated other comprehensive loss (121,906) (125,930)
Accumulated deficit (41,563,955) (43,293,760)
Equity attributable to Grown Rogue International, Inc. shareholders 20,903,214 8,945,638
Non-controlling interests (Note 27) 3,015,133 1,629,981
TOTAL SHAREHOLDERS’ EQUITY 23,918,347 10,575,619
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 62,736,536 $ 45,638,098