Mr. Obie Strickler reports

GROWN ROGUE ANNOUNCES NOTICE OF WARRANT ACCELERATION

Grown Rogue International Inc. has accelerated the expiry date of an aggregate of 23,270,249 common share purchase warrants issued in December of 2022 and in July/August of 2023.

In conjunction with the convertible debentures dated Dec. 2, 2022, the company issued 6,716,499 warrants exercisable into one common share of the company at a price of 25 cents and, in conjunction with the convertible debentures issued on both July 13, 2023, and Aug. 17, 2023, the company issued 16,553,750 warrants exercisable into one common share of the company at a price of 28 cents. The terms of the warrants are subject to acceleration at the company's option if the closing price of the company's common shares on the Canadian Securities Exchange is at or above 40 cents for 10 consecutive trading days. This requirement for acceleration was satisfied on Feb. 5, 2024.

The company issued the notice of acceleration required by the warrant certificates governing the warrants on March 1, 2024, thereby accelerating the expiry date to 90 days from the date of notice. Should all warrants be exercised, the company would collect proceeds of approximately $6.3-million.

About Grown Rogue International Inc.

is a craft cannabis company operating in Oregon, Michigan, Minnesota, Maryland and New Jersey, 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 proved its capabilities in the highly competitive and discerning Oregon market. 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.

We seek Safe Harbor.