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/