Mr. Obie Strickler reports

GROWN ROGUE ANNOUNCES EXERCISE OF WARRANTS AND OPTIONS; CONVERSION OF DEBENTURES

Further to Grown Rogue International Inc.'s press release on March 1, 2024, all 23,270,249 common share purchase warrants issued in December, 2022 and in July/August,2023 have been exercised for an aggregate of 23,270,249 common shares for aggregate gross proceeds of approximately US$4.7 million.

Further, the Company announces that in March of 2024, 1,515,000 common shares were issued in connection with the exercise of options for aggregate gross proceeds of US$0.2M, and 1,459,608 common shares were issued in connection with the conversion of debentures representing a principal amount of US$250,000. The Company confirms that it currently has 208,250,743 common shares issued and outstanding and 261,913,461 common shares on a fully diluted basis.

"We would like to thank our debenture holders for the efficient exercise of the warrants," said Obie Strickler, CEO of Grown Rogue. "The proceeds of US$4.7M sufficiently funds the Company's current growth initiatives in New Jersey and Illinois. Construction at the New Jersey cultivation facility is nearing completion with sales commencing in the second half of 2024, and the recently announced Illinois project expects sales to commence in the second half of 2025."

About Grown Rogue

Grown Rogue International Inc. (CSE: GRIN | OTC: GRUSF) 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 proven 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. For more information, visit www.grownrogue.com.

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