Grown Rogue International Inc. Files 20-F for Fiscal Year Ended December 31, 2023

TL;DR

<b>Grown Rogue International Inc. has filed its 20-F annual report for the fiscal year ending December 31, 2023, detailing its corporate structure and historical name changes.</b>

AI Summary

Grown Rogue International Inc. (GRUSF) filed a Foreign Annual Report (20-F) with the SEC on April 30, 2024. Grown Rogue International Inc. filed its annual 20-F report for the fiscal year ending December 31, 2023. The company is incorporated in A6 and its principal business address is 550 Airport Road, Medford, OR 97504. Grown Rogue International Inc. was formerly known as Novicius Corp., Intelligent Content Enterprises Inc., and Eagleford Energy Corp. The filing covers the fiscal year from November 1, 2023, to December 31, 2023, and comparative periods. The SIC code for the company is AGRICULTURE PRODUCTION - CROPS [0100].

Why It Matters

For investors and stakeholders tracking Grown Rogue International Inc., this filing contains several important signals. This 20-F filing provides a comprehensive overview of Grown Rogue International Inc.'s financial and operational status for the fiscal year 2023, which is crucial for investors to assess the company's performance and outlook. Understanding the company's historical name changes and corporate structure, as detailed in this filing, is important for tracing its evolution and potential strategic shifts.

Risk Assessment

Risk Level: low — Grown Rogue International Inc. shows low risk based on this filing. The filing is a standard annual report (20-F) and does not contain immediate, significant financial disclosures or events that would indicate high risk.

Analyst Insight

Investors should review the full 20-F filing to understand Grown Rogue International Inc.'s financial performance, operational details, and risk factors for the fiscal year 2023.

Key Numbers

• 2023-12-31 — Fiscal Year End (Conformed Period of Report)
• 2024-04-30 — Filing Date (Filed as of Date)
• 000-53646 — SEC File Number (SEC Filing Details)
• 0100 — SIC Code (Standard Industrial Classification)

Key Players & Entities

• Grown Rogue International Inc. (company) — Filer name
• 0001829126-24-002918 (other) — Accession Number
• 20231231 (date) — Conformed Period of Report
• 20240430 (date) — Filed as of Date
• 0001463000 (company) — Central Index Key
• 550 Airport Road, Medford, OR 97504 (address) — Business Address
• Novicius Corp. (company) — Former Company Name
• Eagleford Energy Corp. (company) — Former Company Name

FAQ

Key Dates

• 2023-12-31: Fiscal Year End — Primary period for the 20-F filing.
• 2024-04-30: Filing Date — Date the 20-F report was officially filed with the SEC.

Glossary

20-F

An annual report required by the U.S. Securities and Exchange Commission (SEC) for foreign private issuers. (Provides a comprehensive overview of the company's business, financial condition, and management for the fiscal year.)

SIC Code

Standard Industrial Classification code used to classify industries. (Helps categorize the company's primary business activity, in this case, agriculture production.)

Filing Documents

• grownrogue_20f.htm (20-F) — 3436KB
• grownrogue_ex4-45.htm (EX-4.45) — 52KB
• grownrogue_ex4-46.htm (EX-4.46) — 60KB
• grownrogue_ex4-47.htm (EX-4.47) — 15KB
• grownrogue_ex12-1.htm (EX-12.1) — 11KB
• grownrogue_ex12-2.htm (EX-12.2) — 11KB
• grownrogue_ex13-1.htm (EX-13.1) — 5KB
• grownrogue_ex13-2.htm (EX-13.2) — 5KB
• ex4-45_001.jpg (GRAPHIC) — 27KB
• ex4-45_002.jpg (GRAPHIC) — 136KB
• fin_001.jpg (GRAPHIC) — 5KB
• fin_002.jpg (GRAPHIC) — 8KB
• fin_003.jpg (GRAPHIC) — 3KB
• fin_004.jpg (GRAPHIC) — 5KB
• 0001829126-24-002918.txt (&nbsp;) — 15397KB
• grin-20231231.xsd (EX-101.SCH) — 187KB
• grin-20231231_cal.xml (EX-101.CAL) — 82KB
• grin-20231231_def.xml (EX-101.DEF) — 497KB
• grin-20231231_lab.xml (EX-101.LAB) — 591KB
• grin-20231231_pre.xml (EX-101.PRE) — 645KB
• grownrogue_20f_htm.xml (XML) — 3141KB

RISK FACTORS

RISK FACTORS 2 ITEM 4 INFORMATION ON THE COMPANY 15 A. HISTORY AND DEVELOPMENT OF THE COMPANY 15 B. BUSINESS OVERVIEW 19 C. ORGANIZATIONAL STRUCTURE 24 D. PROPERTY, PLANTS AND EQUIPMENT 25 ITEM 4A UNRESOLVED STAFF COMMENTS 26 ITEM 5 OPERATING AND FINANCIAL REVIEW AND PROSPECTS 26 A. OPERATING RESULTS 35 B. LIQUIDITY AND CAPITAL RESOURCES 40 C. RESEARCH AND DEVELOPMENT, PATENTS AND LICENSES 43 D. TREND INFORMATION 43 E. CRITICAL ACCOUNTING ESTIMATES 43 ITEM 6 DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES 43 A. DIRECTORS AND SENIOR MANAGEMENT 43 B. COMPENSATION 45 C. BOARD PRACTICES 49 D. EMPLOYEES 55 E. SHARE OWNERSHIP 55 F. DISCLOSURE OF REGISTRANT'S ACTION TO RECOVER ERRONEOUSLY AWARDED COMPENSATION 56 ITEM 7 MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS 57 A. MAJOR SHAREHOLDERS 57 B. RELATED PARTY TRANSACTIONS 57 C. INTERESTS OF EXPERTS AND COUNSEL 59 ITEM 8 FINANCIAL INFORMATION 60 A. CONSOLIDATED STATEMENTS AND OTHER FINANCIAL INFORMATION 60 B. SIGNIFICANT CHANGES 60 ITEM 9 THE OFFER AND LISTING 60 A. OFFER AND LISTING DETAILS 60 B. PLAN OF DISTRIBUTION 61 C. MARKETS 61 D. SELLING SHAREHOLDERS 61 E.

DILUTION

DILUTION 61 F. EXPENSES OF THE ISSUE 61 i Table of Contents ITEM 10 ADDITIONAL INFORMATION 61 A. SHARE CAPITAL 61 B. MEMORANDUM AND ARTICLES OF ASSOCIATION 61 C. MATERIAL CONTRACTS 68 D. EXCHANGE CONTROLS 69 E. TAXATION 70 F. DIVIDENDS AND PAYING AGENTS 74 G. 74 H. DOCUMENTS ON DISPLAY 74 I. SUBSIDIARY INFORMATION 74 ITEM 11 QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK 74 ITEM 12

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES 74 A. DEBT SECURITIES 74 B. WARRANTS AND RIGHTS 74 C. OTHER SECURITIES 74 D. AMERICAN DEPOSITORY SHARES 74 PART II 75 ITEM 13 DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES 75 ITEM 14 MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS 75 ITEM 15

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 75 ITEM 16 [RESERVED] 76 ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT 76 ITEM 16B. CODE OF ETHICS 76 ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES 77 ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES 78 ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS 78 ITEM 16F. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT 78 ITEM 16G. CORPORATE GOVERNANCE 79 ITEM 16H. MINE SAFETY DISCLOSURE 79 ITEM 16I. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTION 79 ITEM 16J. INSIDER TRADING POLICIES 79 ITEM 16K. CYBERSECURITY 79 PART III 80 ITEM 17

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 80 ITEM 18

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 80 ITEM 19 EXHIBITS 81 ii Table of Contents GENERAL In this Transition Report, references to "we", "us", "our", the "Company", and "Grown Rogue" means Grown Rogue International Inc., and its subsidiaries, unless the context requires otherwise. We use the United States dollar as our reporting and presentation currency and our consolidated financial statements are prepared in accordance with International Financial Reporting Standards ("IFRS"), as issued by the International Accounting Standards Board ("IASB"). All monetary references in this document are to U.S. dollars, unless otherwise indicated. All references in this document to "dollars" or "

RISK FACTORS

RISK FACTORS In addition to the other information presented in this Report, the following risk factors should be given special consideration when evaluating an investment in our securities. THERE ARE NUMEROUS AND VARIED RISKS, KNOWN AND UNKNOWN, THAT MAY PREVENT US FROM ACHIEVING OUR GOALS. THE RISKS DESCRIBED BELOW ARE NOT THE ONLY ONES WE WILL FACE. IF ANY OF THESE RISKS ACTUALLY OCCURS, OUR BUSINESS, FINANCIAL CONDITION OR RESULTS OF OPERATION MAY BE MATERIALLY ADVERSELY AFFECTED. IN SUCH CASE, THE TRADING PRICE OF OUR SECURITIES COULD DECLINE AND INVESTORS IN OUR SECURITIES COULD LOSE ALL OR PART OF THEIR INVESTMENT. THE INFORMATION IN THIS REPORT IS COMPLETE AND ACCURATE AS OF THE DATES REFERENCED HEREIN, BUT THE INFORMATION MAY CHANGE AFTER SUCH DATE. SHOULD ONE OR MORE OF THE FOLLOWING RISKS OR UNCERTAINTIES MATERIALIZE, OR SHOULD THE UNDERLYING ASSUMPTIONS OF OUR BUSINESS PROVE INCORRECT, ACTUAL RESULTS MAY DIFFER SIGNIFICANTLY FROM THOSE ANTICIPATED, BELIEVED, ESTIMATED, EXPECTED, INTENDED OR PLANNED. 2 Table of Contents Risks Factors Relating to Our Business Business is Illegal under U.S. Federal Law. The Company, through its subsidiaries, engages in the medical and adult-use marijuana industry in the United States where local state law permits such activities. Producing, manufacturing, processing, possessing, distributing, selling, and using marijuana is a federal crime in the United States. The United States federal government regulates drugs through the Controlled Substances Act (the "Federal CSA"), which places controlled substances, including cannabis, on one of five schedules. Cannabis is currently classified as a Schedule I controlled substance, which is viewed as having a high potential for abuse and having no currently accepted medical use in treatment in the United States. No prescriptions may be written for Schedule I substances, and such substances are subject to production quotas imposed by the United States Drug Enforcement Adminis

View Full Filing

View this 20-F filing on SEC EDGAR