Exhibit 40
NOTICE OF CHANGE IN YEAR END
Pursuant to Section 4.8 of
National Instrument 51-102 - Continuous Disclosure Obligations
1. | Change of Financial Year End |
Pursuant to section 4.8 of National Instrument 51-102 - Continuous Disclosure Obligations, Grown Rogue International Inc. (the “Company”) has determined, effective on January 29, 2024, to change its year end from October 31 to December 31.
2. | Reason for the Change |
The change in financial year end from October 31 to December 31 is being made by the Company to better align the Company’s financial reporting periods with its industry peer group in the cannabis sector, which will allow investors to more easily compare quarterly and annual financial results.
3. | Old Financial Year End |
The date of the Company’s old financial year end is October 31.
4. | New Financial Year End |
The date of the Company’s new financial year end is December 31.
5. | The length and ending date of the periods, including the comparative periods, of each interim financial report and the annual financial statements to be filed for the reporting issuer’s Transition Year and its New Financial Year are as follows: |
Transition | Comparative Year | New Financial Year | Comparative Statements to Year | Interim for | Comparative | Interim Periods for | Comparative |
2 months ended 12/31/2023 | 12 months ended 10/31/2023 | 12/31/2024 | 2 months ended 12/31/2023 and 10/31/2023 | Not applicable | Not applicable | 3 months ended 03/31/2024 6 months ended 06/30/2024 9 months ended 09/30/2024 | 3 months ended 04/30/2023 6 months ended 07/31/2023 9 months ended 10/31/2023 |
6. | The filing deadlines, prescribed under sections 4.2 and 4.4, for the annual financial statements and interim financial reports for the reporting issuer’s Transition Year |
Interim and Annual Periods in Transition Year | Filing Deadline | ||
Interim financial reports for the 9 months ended 07/31/2023 | 09/29/2023 (filed) | ||
Annual financial reports for the 12 months ended 10/31/2023 | 02/28/2024 | ||
Annual financial reports for the 2 months ended 12/31/2023 | 04/29/2024 |