10:24:59 EDT Thu 02 May 2024
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Grown Rogue International Inc
Symbol GRIN
Shares Issued 182,005,886
Close 2024-01-04 C$ 0.385
Market Cap C$ 70,072,266
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Grown Rogue makes changes to management team

2024-01-04 10:18 ET - News Release

Mr. Obie Strickler reports

GROWN ROGUE ANNOUNCES MANAGEMENT TEAM UPDATE

Grown Rogue International Inc. has made changes to its management team to lead the company on its next phase of growth.

"With the addition of the Goodness Growth assets in Minnesota and Maryland that the company is now overseeing production for, plus the exciting opportunity in New Jersey, it is critical for us to have the right team to execute upon these opportunities and the additional growth in front of us," said Obie Strickler, chief executive officer of Grown Rogue.

"We have been bolstering our team across cultivation, postharvest, finance and accounting to be prepared to deliver the excellence in quality and consistency that made us a premier craft cannabis company and the No. 1 flower brand in Oregon, into new markets. Our most important asset is our team and the excellence they deliver every day to drive the best products at the best price to our customers and fans across the United States. I am super excited about the promotions to our newly formed national team and new hires we have brought in recently that will ensure the Grown Rogue way is able to successfully scale nationally."

Christian Stiers has been promoted to national cultivation director, a new role created to facilitate consistency and excellence in replicating the company's cultivation operations across all markets. Prior to the promotion, Mr. Stiers was the company's Oregon director of cultivation responsible for taking Grown Rogue from about 200 pounds per month of whole flower to about 1,000 pounds per month of whole flower over the last three years. This resulted in Grown Rogue becoming the No. 1 flower producer in the state according to LeafLink's MarketScape.

Seann Igoe has been promoted to national postharvest director, another new role created to support the company's growth as it continues to refine and systematize its cultivation processes at scale. Mr. Igoe was one of the first team members at Grown Rogue and has matured alongside the company tremendously over the last seven years. In this new role, Mr. Igoe will oversee all postharvest responsibilities in the company's markets.

Cameron Correia was hired as the company's newly established vice-president of business analytics to provide integration between its technical and finance team to ensure Grown Rogue's robust data systems ensure disciplined decision making. Mr. Correia has a bachelor of science from Azusa Pacific University, a master of accountancy degree from University of Denver Daniels College of Business and has many years of experience working in a variety of industries, including over 10 years of direct experience in the cannabis industry -- most recently as the vice-president of finance and operations at Good Day Farms.

Kala Bernhardt joins Grown Rogue as corporate controller. Ms. Bernhardt has a law degree from the University of Oregon with an emphasis in business and tax law, and a public accounting degree from Southern Oregon University. With 15 years of experience working in a variety of industries, Ms. Bernhardt brings her Big 4 accounting background and her direct experience in the cannabis industry at C21 Investments and Chalice Brands.

In addition, Adam August will be stepping down from senior vice-president to pursue other endeavours. He will continue to support the team in an advisory capacity ensuring his long-standing institutional knowledge continues with the company.

"After five amazing years, Adam has decided it's time to step back from the day-to-day demands of Grown Rogue," said Mr. Strickler, chief executive officer of Grown Rogue. "Adam joined us very shortly after going public and has been instrumental in our growth, helping manage our shift from a small, early-stage company into a premier craft cannabis company. I want to thank Adam for all his hard work and dedication to our team over the last five years."

"The past five years have been the most rewarding years of my professional career," said Mr. August. "I am proud of what we have accomplished, and I feel confident in the foundation we've built across systems, processes and team. While I look forward to providing ongoing support and guidance, I have complete faith that the team is prepared to take the company to the next level, driving continued profitable growth and building shareholder value."

About Grown Rogue International Inc.

Grown Rogue International is a craft cannabis company operating in Oregon and Michigan, and in Minnesota and Maryland through an advisory agreement with Goodness Growth Holdings Inc., focused on delighting customers with premium flower and flower-derived products at fair prices. The company's roots are in Southern Oregon, where it has proven its capabilities in the highly competitive and discerning Oregon market. More recently, the company successfully expanded its platform to Michigan. The company's passion for quality product and value, combined with a disciplined approach to growth, prioritizes profitability and return on capital without sacrificing quality. The company's strategy is to pursue capital efficient methods to expand into new markets, bringing craft-quality product at fair prices to more consumers. The company also continues to make modest investments to improve outdoor craft cultivation capabilities in preparation for eventual interstate commerce.

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