GROVE, INC. (GRVI): Price and Financial Metrics Recent IPO
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GRVI Price/Volume Stats
|Current price||$5.29||52-week high||$9.37|
|Prev. close||$5.33||52-week low||$3.86|
|Day high||$5.40||Avg. volume||2,024,451|
|50-day MA||$5.23||Dividend yield||N/A|
|200-day MA||$0.00||Market Cap||75.16M|
GROVE, INC. (GRVI) Company Bio
Grove, Inc., through its subsidiaries, engages in developing, producing, marketing, and selling raw materials, white label products, and end consumer products containing the industrial hemp plant extract, cannabidiol. The company serves consumer markets, including the botanical, beauty care, pet care, and functional food sectors. It also operates annual tradeshow related to the CBD industry in the United States. Grove, Inc. was incorporated in 2018 and is headquartered in Henderson, Nevada.
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Offers Revenue Guidance for 2022 of $48-55 Million● $24.1 million in revenue for fiscal year 2021 ● $2.0 million in net income for fiscal year 2021 ● Year-end June 30, 2022 revenue guidance of $48-$55 Million HENDERSON, NV, Sept. 16, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Grove, Inc. (NASDAQ:GRVI) ("Grove" or the "Company"), a global innovator in hemp, health, and wellness, today announced unaudited financial results for its fiscal year ended June 30, 2021 were in line with preliminary res
Source: Alfi Even as a myriad of wellness benefits from CBD products pile up, the cannabis industry faces stiff headwinds when it comes to advertising its products. The two largest digital advertising platforms Google Inc. (NASDAQ: GOOGL) and Facebook (NASDAQ: FB) do not permit ads promoting CBD or hemp-based products. Therefore, companies have had to get creative when it comes to marketing and advertising, with many relying on traditional advertising methods such as billboards and radio spots.
HENDERSON, NV, Sept. 10, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Grove Inc. (the “Company” or “Grove”) (NASDAQ: GRVI), Nevada company engaging in the research, manufacturing, distribution, and marketing of CBD and hemp wellness-based products, today announced that Allan Marshall, Grove’s Chief Executive Officer, will present at the H.C. Wainwright 23rd Annual Global Investment Conference being held virtually on September 13-15, 2021. The prerecorded presentation will become available on Mon
Image by Julia Teichmann from Pixabay When the 2018 Farm Bill legalized the production of hemp as an agricultural commodity, it opened up a new world for companies that extract cannabinoids from the plants. Entrepreneurs across the United States have since built businesses that focus on manufacturing products that are infused with the extracts. These companies are infusing everything from gummy edibles and vaporizers to topical creams and lotions and even beauty products with cannabidiol (CBD),
Photo by Andre Taissin on Unsplash As the medicinal benefits of cannabis continue to be explored, researchers are beginning to understand that the cannabinoids found in the plant go way beyond those that most people are familiar with: tetrahydrocannabinol (THC), the main psychoactive cannabinoid in the marijuana plant, and cannabidiol (CBD), a nonpsychoactive compound that is believed to relieve pain, reduce anxiety and induce sleep. But with more than 200 known cannabinoids and an increasing am
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