GRVI - GRVI STOCK NEWS

Grove, Inc. (GRVI) has announced the acquisition of LuckyTail, an international pet care brand, in an all-cash transaction with future earnout payments based on performance. LuckyTail offers a range of grooming and nutritional products, primarily through Amazon and Chewy.com, generating approximately $10 million in past sales. This acquisition diversifies Grove's portfolio and positions it well in the fast-growing pet care market, projected to exceed USD 200 billion. CEO Allan Marshall emphasized the strategic importance of this deal for accelerating growth in 2023 and beyond.

Grove Inc. (GRVI) announced that CEO Allan Marshall will present at the Sidoti & Company August Virtual Microcap Conference on August 17, 2022, at 3:15 pm ET. Investors can access the presentation live at this link. The company will also offer virtual one-on-one meetings with investors throughout the event. Grove specializes in aggregating and enhancing eCommerce businesses, leveraging consumer data and SaaS technologies to optimize costs and boost brand visibility.

Grove Inc. (GRVI) announced that CEO Allan Marshall will present at the Sidoti & Company August Virtual Microcap Conference on August 17, 2022, at 3:15 PM ET. The live presentation can be accessed via an online link. Additionally, the company will hold virtual one-on-one investor meetings throughout the conference, with free registration available for attendees. Grove Inc. focuses on innovating in the aggregation and eCommerce sectors, utilizing consumer data and technology to boost brand scalability and lower costs through its growing distribution network.

Grove Inc. (GRVI) is rebranding to Upexi, Inc., reflecting its expansion beyond the CBD market into consumer brands and programmatic advertising technology. CEO Allan Marshall highlighted the significance of the Direct-to-Consumer market as a core initiative, emphasizing investments in advertising platforms to enhance customer data acquisition. The company aims for growth through a combination of existing brands and an acquisition strategy, supported by improved distribution and logistics.

Grove, Inc. (GRVI) has signed a non-binding Letter of Intent (LOI) to acquire E-Core, Inc. and its subsidiaries, including Tytan Tiles and New England Technology, Inc. This acquisition aligns with Grove's brand acquisition strategy and aims to enhance sales with anticipated new product launches. E-Core generated over $35 million in TTM revenue, which is expected to significantly bolster Grove’s financials. The company plans to finance the deal through debt and restricted equity, avoiding further equity offerings. The transaction is anticipated to close in August 2022.

Grove Inc. (GRVI) announced its formal name change to Upexi Inc., reflecting its evolution from a hemp-focused business to broader consumer brand opportunities. This shift includes a focus on SaaS programmatic advertising technology and expanding its reseller and liquidation businesses on platforms like Amazon. CEO Allan Marshall highlighted the importance of direct-to-consumer strategies, emphasizing investments in advertising platforms and consumer data acquisition. Management believes that its growing customer database and strategic acquisitions will drive future growth and successful brand integration.

Grove, Inc. (NASDAQ:GRVI) reflected on a successful first year as a public company in its letter to shareholders. Despite challenges like Covid-19 and inflation, the company achieved a remarkable 100% sales growth and maintained profitability. Grove plans to focus on organic growth moving forward, taking a cautious approach to acquisitions amid high valuations. The company has improved its customer service and aims to enhance communication with investors. Grove's emphasis on leveraging consumer data and its diversified operations positions it well for future success.

Grove Inc. (GRVI) announces the expansion of its Adtech platform, Interactive Offers, into eCommerce by partnering with financial industry entities like Outbrain and ZeroHedge. This expansion aims to enhance its advertising capabilities amid rising costs in online advertising. Interactive Offers provides a programmatic ad tech solution focusing on authentic clicks and customer acquisition without charging per click. The platform has also partnered with eCommerce giants, adapting to the changing landscape of digital advertising, especially with the impending discontinuation of third-party cookies.

Grove, Inc. (NASDAQ:GRVI) announced a strategic debt investment to fuel future growth, securing an initial $7.5 million of a potential $15 million loan. The 30-month loan carries a 13% interest rate and includes 56,250 common stock purchase warrants. Additionally, CEO Allan Marshall provided a $1.5 million loan under similar terms, enhancing capital for the company’s Upexi brand aggregation strategy. Grove focuses on innovative aggregation tactics in eCommerce, leveraging data integration to improve profitability and reduce acquisition costs.