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Grove Changes Name To 'Upexi Inc'

Author: Shivani Kumaresan | August 10, 2022 12:57pm

  • Grove Inc (NASDAQ:GRVI) has taken formal steps to change its name to Upexi Inc.
  • Its wholly-owned subsidiaries will be called Upexi Holdings LLC and Upexi Enterprises LLC.
  • Grove, which started as a scaling hemp company, has expanded beyond the CBD (cannabinoid) industry and focuses on larger market opportunities in consumer brands, SaaS programmatic advertising technology, and direct-to-consumer markets.
  • "The Direct-to-Consumer market will remain a key initiative as we believe consumer behavior has been changed forever and that profits and value will continue to be in this vertical," said CEO Allan Marshall.
  • Price Action: GRVI shares are trading higher by 1.02% at $5.96 on the last check Wednesday.

Posted In: GRVI


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