Grove Changes Name To 'Upexi Inc'

by Shivani Kumaresan, Benzinga Staff Writer

August 10, 2022 12:57 PM | 1 min read |

Grove Inc 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.

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