All eyes need to be on GRVI this morning.

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Read Now: Low Float (GRVI) Drops Huge Acquisition Related News This Morning (Signed Letter Of Intent)

April 7th

Greetings Readers,

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.

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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:

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
image

Amazon & DTC Brand Acquisition:

M&A For Amazon FBA

Early mover in the wave of acquiring top Amazon and Ecommerce brands, with the goal of improving operations and products, and ultimately taking them to new levels of growth.

Why Amazon Aggregation?

  • Can easily apply our current growth model to other industries
  • Wide network, nationwide distribution, and an in-house digital marketing team to scale revenue rapidly
  • First ever aggregator in the Public Markets

Vitamedica: Strategic Acquisition Into Nutraceuticals

Physician formulated products, recommended over 3000 doctors, serving over 1Mn patients.

Strategic Highlights:

  • Top line and net income positive with $10Mn in total product sales
  • Diversifies their health and wellness portfolio and marks entrance into Expanding Product Categories

Acquisition of InteractiveOffers(dot)com

Why It Matters:

  • In-house advertising platform will help scale current and future brands.
  • Lower and control lofty advertising costs.
  • New advertising revenue from our immediate network of clients, and trade show partners.
  • Growth of independent advertising business should increase shareholder value.

More from the company presentation here.

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And right now the company has 5 potential catalysts that could spark a near term breakout. Check them out:

No. 1 GRVI Potential Catalyst - A Low Float Profile

According to the Yahoo Finance website, GRVI has a low float.

The website reports this profile to have approximately 7.66Mn shares in its float.

Why is that important? It's important on one crucial level. Volatility.

With so few shares available for trading, other potential catalysts (like big news) could spark a vertical move in the short-term.

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No. 2 GRVI Potential Catalyst - Launching Of Branding Campaign For Upexi

Grove, Inc. Launches [...] Brand Awareness and Advertising Campaign for Amazon Aggregation Division, Upexi

HENDERSON, NV, March 31, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Grove, Inc. (NASDAQ:GRVI), a global innovator in health and wellness, announces the initial launch of a billboard campaign in 3 major cities throughout the nation aimed at driving submission traffic and awareness for Upexi, the company’s Amazon Brand Aggregator.

[...]

Read the full article here.

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No. 3 GRVI Potential Catalyst - Company Completes First Part Of Share Repurchase Program

Grove Inc. Completes Initial Transactions in Program to Repurchase Up to 1Mn Shares

HENDERSON, NV, March 29, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Grove, Inc. (NASDAQ:GRVI) ("Grove" or the "Company"),Grove Inc., today announced that it has completed the first stage of its previously authorized program to repurchase up to 1Mn shares of its outstanding common st-ock through both the use of the Company's 10b5-1 plan and privately negotiated transactions.

The Company repurchased 467,765 shares at an average cost of approximately $4.22 per common share or ~$1.97Mn. These repurchases were made as part of the company’s repurchase program, which was announced on October 19, 2021. Grove will continue to review the authorized program and may repurchase up to an additional 500k shares.

“Grove continues to generate strong revenue growth, positive cash flow from operations and targets strategic acquisitions,” said Allan Marshall, CEO of Grove Inc. “We will continue to evaluate ways to bring our shareholders value for their in-vest-ment in the Company and our management team."

[...]

Read the full article here.

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No. 4 GRVI Potential Catalyst - A Chart Heating Up Recently Potential Support Growing

GRVI has been heating up over the last 3-month stretch. Here's its chart:
image

From just below $4.00 a share in January, GRVI has made a $1.00+ surge in a short period of time.

And it may just be the beginning based on key lines of potential support that GRVI is now trading above (at close 4/6/22) including its:

  • 50-Day Simple Moving Average (SMA)
  • 100-Day SMA
  • 200-Day SMA

On top of that, after dipping below the $5.00 level on Wednesday, it popped quickly back over to close above that line of potential support.

It'll be important to watch these lines closely moving forward.

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No. 5 GRVI Potential Catalyst - Q2 Revenue Increases Over 150%

Grove, Inc. Announces Second Quarter Fin-an-cial Results

$10.7Mn in Second Quarter Revenue, a 156% Increase Over Prior Year

$1.5Mn Adjusted EBITDA for Second Quarter

HENDERSON, Nev., Feb. 15, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Grove, Inc. (NASDAQ:GRVI) ("Grove" or the "Company"), a global innovator in he-mp, health, and wellness, today announced fin-an-cial results for the second quarter period ended December 31, 2021. In-vest-ors are encouraged to read the Company’s quarterly report on Form 10-Q which will be filed with the Securities and Exchange Commission (the “SEC”), contains additional information, and will be posted at groveinc.io/.

Year to Date Financial Highlights:

  • Revenues rose to $19.1Mn from $7.1Mn, a 167% increase.
  • $0.04 basic earnings per share compared to loss of $0.06.
  • $2.9Mn in adjusted EBITDA.
  • 103,750 shares of Grove common st-ock repurchased with cash flow from operations.

Allan Marshall, Chief Executive Officer of Grove, stated, “Our team continues to perform and drive growth across all parts of our business, with a 169% increase year over year even with substantial headwinds. We face shortages and rising prices on all raw materials, employee shortages, higher wages, drastic increases in shipping cost across all parts of the business. However, we were able to maintain growth and pro-fits offsetting increased costs with higher volumes and pricing power.

Our Upexi Amazon aggregation business launch is beginning to come together, and we are seeing multiple submissions a week from companies looking to be acquired. Our strong cash flow gives us great flexibility to expand the Brand aggregation business and become more active with acquisitions this year.”

[...]

Read the full article here.

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GRVI Recap - 5 Potential Catalysts To Know Immediately

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%

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Coverage is officially initiated on GRVI. When you have time, do this:
image

Get GRVI on your radar now.

Sincerely,

Kai Parker

StockWireNews


(Always Remember The Stock Prices Could Be Significantly Lower Now From The Dates I Provided.)

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