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home / news releases / GRVI - Grove's Upexi acquires controlling interest in Cygnet Online

GRVI - Grove's Upexi acquires controlling interest in Cygnet Online

Grove Inc.
Grove (NASDAQ:GRVI) said that Upexi, its wholly-owned Amazon brand aggregator, has acquired a controlling interest in Cygnet Online LLC, a well-established secondary market seller on Amazon. Cygnet owns licenses to sell many branded OTC products on Amazon. The deal to augment Cygnet’s product offerings through Grove distributors and partnerships. Cygnet will be the anchor company for Grove’s Amazon strategy for the future in conjunction with its current Amazon stores and its previously announced pet care company.  The trasaction was completed with a combination of stock, cash, and debt, resulting in minimal dilution to our shareholders. The shares are down 1.08% premarket Wednesday.

For further details see:

Grove's Upexi acquires controlling interest in Cygnet Online
Stock Information
Company Name: Grove Inc.
Stock Symbol: GRVI
Market: NASDAQ
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