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STATES**\n\n**SECURITIES AND EXCHANGE COMMISSION**\n\n**Washington, D.C. 20549**\n\n \n\n**FORM 10-Q**\n\n \n\n \n☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\n \n\n \nFor the quarterly period ended **March 31, 2026**\n\n \n\n \n**or**\n\n \n\n \n☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\n \n\n \nFor the transition period from _________ to _________\n\n \n\n \nCommission file number **000-53646**\n\n \n\n \n\n**Grown Rogue International Inc.**\n\n(Exact Name of Registrant as Specified in its charter)\n\n \n\n**Canada**\n \n**98-1463866**\n\n(State or other jurisdiction of\nincorporation or organization)\n \n(I.R.S. Employer\n\nIdentification No.)\n\n \n \n \n\n**550 Airport Road**\n\n**Medford, Oregon, United States, 97504**\n\n(Address of principal executive offices, Zip Code)\n\n \n\n**(458) 226-2100**\n\n(Registrant’s telephone number, including area code)\n\n \n\nSecurities registered pursuant to Section 12(b) of the Act:\n\n \n\n**None**\n\n \n\nSecurities registered under Section 12(g) of the Act:\n\n \n\n**Subordinate Voting Shares, no par value**\n\n(Title of Class)\n\n \n\nIndicate 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 ☐\n\n \n\nIndicate 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 ☐\n\n \n\nIndicate 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:\n\n \n\nLarge Accelerated Filer\n☐\nAccelerated Filer\n☐\n\nNon-Accelerated Filer\n☒\nSmaller Reporting Company\n☒\n\n \n \nEmerging Growth Company\n☒\n\n \n\nIf 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. ☐\n\n \n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐   No ☒\n\n \n\nAs of May 12, 2026, the registrant had 249,938,980 Subordinate Voting Shares and 0 Multiple Voting Shares outstanding.\n\n \n\n \n\n \n\n \n\n \n\n \n\n**TABLE OF CONTENTS**\n\n \n\n**Part\nI – FINANCIAL INFORMATION**\n\n[Item 1](#a_002)\n[Condensed Consolidated Financial Statements (unaudited)](#a_002)\n \n1\n\n \n[Condensed Consolidated Balance Sheets as at March 31, 2026 and December 31, 2025](#a_015)\n \n2\n\n \n[Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss)](#a_016)\n \n3\n\n \n[Condensed Consolidated Statements of Changes in Shareholders’ Equity](#a_017)\n \n4\n\n \n[Condensed Consolidated Statements of Cash Flows](#a_018)\n \n5\n\n[Item 2](#a_003)\n[Management’s Discussion and Analysis of Financial Condition and Results of Operations](#a_003)\n \n32\n\n[Item 3](#a_004)\n[Quantitative and Qualitative Disclosures About Market Risk](#a_004)\n \n39\n\n[Item 4](#a_005)\n[Controls and Procedures](#a_005)\n \n40\n\n \n \n \n \n\n**Part\nII – OTHER INFORMATION**\n\n[Item 1](#a_007)\n[Legal Proceedings](#a_007)\n \n41\n\n[Item 1A](#a_008)\n[Risk Factors](#a_008)\n \n41\n\n[Item 2](#a_009)\n[Unregistered Sales of Equity Securities and Use of Proceeds](#a_009)\n \n41\n\n[Item 3](#a_010)\n[Defaults Upon Senior Securities](#a_010)\n \n41\n\n[Item 4](#a_011)\n[Mine Safety Disclosure](#a_011)\n \n41\n\n[Item 5](#a_012)\n[Other Information](#a_012)\n \n41\n\n[Item 6](#a_013)\n[Exhibits](#a_013)\n \n42\n\n \n \n \n \n\n[**Signatures**](#a_014)\n \n45\n\n \n\ni\n\n \n\n \n\n**PART I – FINANCIAL INFORMATION**"}