Canopy Growth Corp T.WEED

Cannabis sector: Grove (GRVI) stands out from the crowd

[stockfy]

Undiscovered and cheap Grove (GRVI) reported yesterday a 156% YoY increase coupled with significant gross profit margin expansion on a YoY basis, strong YoY adj. EBITDA growth, profits and buyback of 103,000 shares thanks to its positive operating cash flow and positive free cash flow for another quarter in a row. 

 

As a result, GRVI with the rock-solid balance sheet (net cash position) is cheap, because it trades less than 1 times the estimated FY 2022 revenue and less than 10 times the estimated FY 2022 adj. EBITDA. 

 

In brief, profitable GRVI stands out from the cannabis crowd.


https://finance.yahoo.com/news/grove-inc-announces-second-quarter-130000938.html#:~:text=%241.5%20Million%20Adjusted%20EBITDA%20for,via%20NewMediaWire%20%E2%80%93%20Grove%2C%20Inc.



https://groveinc.io/investor-relations/press-releases/



 

[madeinhemlo]

Thanks for the Hit Tip!  I'll add it to all my other undiscovered pot stocks and wait for profitability!  GLWT

[stockfy]

Grove (GRVI) is already highly profitable while also reporting strong triple-digit top line growth, see below: https://finance.yahoo.com/news/grove-inc-announces-second-quarter-130000938.html