Grown Rogue(GRUSF)

April 2025 Investor Presentation

-Best in Class Cost Per pound Metrics*****

-Entering the New Jersey Market with new retail Venture

-NJ Wholesale pricing is currently ~$2000 per pound higher than the company's average indoor selling price******

-low cost per pound metrics and efficient capital management combined with top tier flower quality makes them profitable in the difficult Oregon market where most companies have pulled out.

-Capitalization-

Fully Diluted Shares Outstanding - 214.05M

Fully Diluted Market Cap (8/6/25) - 83.5M

Cash- $5.59M (Sept 2024)

Debt- $2.1M (Sept 2024)

-Cultivation Growth-

2020- 5,000 Pounds annually

2021- 12,500 Pounds annually

2022- 25,000 Pounds annually

2023-30,000 Pounds annually

2024-40,000-45,000 Pounds annually

-Financial Metrics-

Revenue-

2021-9.4M

2022-17.80M (89% YoY)

2023-23.40M (32% YoY)

2024-27.02M (23% YoY)

-Operating Cash Flow-

2021-1.90M

2022-3.20M 68% YoY)

2023-6.70M( 111% YoY)

2024-1.39M( -75.6% YoY)