Nasdaq Idea (GRVI) Could Be Heating Up With A Potential Red To Green Move Looming

Continued focus needs to be on GRVI this afternoon. Nasdaq Idea (GRVI) Could Be Heating Up With A Potential Red To Green Move Looming April 7th Dear Reader, Continued focus needs to be on GRVI this afternoon. Heading towards the closing bell, GRVI may be on the verge of breaking down $5.00 potential resistance. If this happens, a red to green move may occur. Remember, big news dropped today: [Grove Inc. Signs Letter of Intent to Acquire Pet Care Company Through Its Amazon Aggregation Division, Upexi]( Take a second now to read my initial report below and get GRVI on your radar quickly. ----- *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 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.]( ----- 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. ----- 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.]( ----- 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.]( ----- 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: 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. ----- 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 . 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.]( ----- 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% ----- Coverage is officially initiated on GRVI. When you have time, do this: Get GRVI on your radar now. Sincerely, FierceAnalyst | Jaks Swift Editorial Writer StockWireNews (stockwirenews . com) is owned by SWN Media LLC, a limited liability company (SWN Media LLC has recently retained ownership of StockNewsWire LLC). 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