Mr. Obie Strickler reports

GROWN ROGUE ANNOUNCES CONVERSION OF REMAINING DEBENTURES

Grown Rogue International Inc. holders of the remaining $3.3-million (U.S.) in outstanding debentures have elected to convert early, resulting in the issuance of 19,559,500 common shares.

"We would like to thank our debentureholders for converting with more than two years remaining on their maturity and continuing to show their commitment and alignment to Grown Rogue's long-term strategy. This early conversion will save the company $700,000 (U.S.) of cash interest payments and reduce our total leverage. Coupled with our recently announced bank financing, our balance sheet is free of any material debt maturities for at least the next three years," said Obie Strickler, chief executive officer of Grown Rogue.

Following the conversion, the company has 246,852,938 common shares issued and outstanding and 269,692,563 common shares on a fully diluted basis as of today's release.

About Grown Rogue International Inc.

Grown Rogue is a craft cannabis company operating in Oregon, Michigan, New Jersey and Illinois, 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.