Cannabis: Grove (GRVI) and the expansion to the pet industry Grove (GRVI) is the cheapest marijuana stock with the strongest balance sheet with a net cash position. GRVI at $5 per share trades only 1 times this year's revenue and 9 times this year's adj. EBITDA. GRVI also is profitable and already generates positive operating cash flow and positive free cash flow.
GRVI just announced a deal and expands into the global pet industry while also stating that the deal is cash flow positive:
"The deal, if completed, will cement a foothold into the international pet care market, estimated to be a $200 billion market by 2025, growing at 4.9% CAGR. The pet care company is currently selling to the United States, Canada, and Australian markets, which will give Upexi an international presence in the industry. The transaction would be CASH FLOW POSITIVE and adds potential revenue growth through additional sales channels and pet care products.":
GRVI's press release:
https://www.globenewswire.com/news-release/2022/04/07/2418421/0/en/Grove-Inc-Signs-Letter-of-Intent-to-Acquire-Pet-Care-Company-Through-Its-Amazon-Aggregation-Division-Upexi.html