Grove (GRVI) reports Q2 and stands out (Cannabis sector) Undiscovered and cheap Grove (GRVI) with the fortress balance sheet announced excellent results yesterday.
GRVI's Enterprise Value currently is less than 1 times the estimated FY 2022 revenue and less than 10 times the estimated FY 2022 adj. EBITDA.
Additionally, outlook for GRVI's business remains bright with continued growth ahead, as implied by GRVI's press release:
“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.”
This is why profitable and cheap GRVI with the pristine balance sheet stands out from the cannabis crowd, see Q2 results:
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/