Read Now: Low Float (GRVI) Drops Huge Acquisition Related News This Morning (Signed Letter Of Intent)
All eyes need to be on GRVI this morning.
After dropping huge acquisition related news this AM, a potential red to green move could be in the cards.
And if that happens, watch out.
Check out the news quickly:
Grove Inc. Signs Letter of Intent to Acquire Pet Care Company Through Its Amazon Aggregation Division, Upexi
HENDERSON, NV, April 07, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Grove Inc., (NASDAQ:GRVI) ("Grove" or the "Company") has signed a letter of intent to acquire a pet care company, offering both grooming and nutrition products through multiple sales channels including business to business, eCommerce and Amazon. Grove aims to expand its product offerings through acquisitions made by its brand aggregation division, Upexi.
The deal, if completed, will cement a foothold into the international pet care market, estimated to be a $200Bn market by 2025... The pet care company is currently selling to the United States, Canada, and Australian markets, which will give Upexi an international presence in the industry. The transaction would be cash flow positive and adds potential revenue growth through additional sales channels and pet care products.
Grove CEO, Allan Marshall, commented, “We’ve been looking to tap into the international pet care industry with our own direct-to-consumer brands. Our patience in finding the best-fitting acquisitions through our Amazon brand aggregator division seems to be paying off and we hope to close this deal in the current quarter.”
Read the full article here.
Remember, this is a low float profile. As this news continues to circulate, it could draw major attention to GRVI this morning.
Take a second now to read my initial report below and get GRVI on your radar quickly.
The market is open and there's zero time to waste.
Based on several key potential catalysts including a low float, a red-hot chart, a big Q2 revenue increase announcement and more, there's one profile to get on your radar immediately today.
Aside from those potential breakout catalysts, this company is working its way to be a global innovator in several booming industries/markets including the:
- Hemp Industry - $4.13Bn in 2021
- Health & Wellness Market - Approximately $7.0Tn in 2025
- E-commerce Market - Expected to total $5.55Tn in 2022
Mouth watering yet? Good.
Without further adieu, here's one profile to get to the top of your watch-list this very moment:
*Grove Inc. (GRVI)*
Grove, Inc. is a global innovator in he-mp, health and wellness. The company has an array of in-house brands, and operates in multiple verticals including SaaS programmatic ad technology, and a wholly owned division dedicated to acquiring high growth e-commerce brands.
The company sells to numerous consumer markets including the botanical, beauty, pet care, and functional foods sectors. It seeks to take advantage of an emerging worldwide trend in consumer products selling through Amazon and E-commerce.
And right now, the company has 5 must-know potential catalysts:
No. 1 - A Low Float Profile
No. 2 - Launching Of Branding Campaign For Upexi
No. 3 - Company Completes First Part Of Share Repurchase Program
No. 4 - A Chart Heating Up Recently Potential Support Growing
No. 5 - Q2 Revenue Increases Over 150%
But more on those in a second...
Company Breakdown: What Makes Grove Inc. (GRVI) Unique