CASE STUDY 1: GROVE INC. (GRI) SHARES SOAR FOLLOWING SHARE REPURCHASE AUTHORIZATION Grove Inc. (GRVI) stock has had a wobbly time since its IPO. Once again GRVI shares are rising after the company announced a share repurchase program for up to 1 million shares of its outstanding common stock. The innovator in health and wellness, Grove Inc. (GRVI), has been in the news lately. In the last week, the company launched its wholly-owned division to acquire promising Amazon and ecommerce businesses. The subsidiary will run with the name Upexi. GRVI stock skyrocket above $9 on October 14, 2021 following the Upexi news. Now, the stock is once again approaching the $8 price mark with the common stock repurchase news. Overall Grove has soared over 36% year-to-date and has jumped nearly 87% in this quarter. At the moment, GRVI is trading around its resistance point and the RSI confirms that, which is 70.46. The fundamentals look good but the company is still relatively new on the stock market. The IPO just occurred on June 23, 2021. The quarterly sales have soared over 43% and the revenues increased by a whopping 250% in the fiscal year 2021 over 2020. The revenues totaled around $24.1 million, showing strong progress As of June 30, 2021, the working capital increased to $12,473,922 from a negative $869,760 in the same period last year. Whereas, the net increase in the cash this year was $13,646,694 compared to a negative $2,809,915 in 2020. The company expects the current fiscal year 2022 to outperform the fiscal year 2021. The prospects are bright for the company as we conclude the fundamentals of Grove. @ul Business School The 1 million shares repurchase authorization shows GRVI's commitment to increasing shareholder value. That will also help the firm in deploying some of the cash flow in the coming period. With improvement in revenues, a strong balance sheet, and positive cash flow, this might be the right time to authorize the option to repurchase stock Apart from that, Grove Inc. (GRVI) is also expanding its business. The launch of Upexi is part of its expansion plan. The company plans to take direct aim at the Amazon Aggregation market. Through Upexi, the company would integrate the e-commerce market as a desirable suitor to which prospective business owners may sell. That will provide potential sellers access to Grove's programmatic ad technology, in-house digital marketing experts, and direct partnership with a team of expert Amazon PPC buyers Amazon is the biggest e-commerce marketplace and the pandemic has really ignited the online marketplace. It is a great opportunity for Grove Inc. (GRVI) to expand in the right market at the right time. This article is accessible from https://stockstelegraph.com/grvi-shares-soar-following-share-repurchase- authorization REQUIRED: Provide your view on the above case study identifying the factors that could have caused the above impact to the company. The answer scheme should clearly include an analysis of why a company would consider an IPO and Share Repurchase Strategy CASE STUDY 1: GROVE INC. (GRI) SHARES SOAR FOLLOWING SHARE REPURCHASE AUTHORIZATION Grove Inc. (GRVI) stock has had a wobbly time since its IPO. Once again GRVI shares are rising after the company announced a share repurchase program for up to 1 million shares of its outstanding common stock. The innovator in health and wellness, Grove Inc. (GRVI), has been in the news lately. In the last week, the company launched its wholly-owned division to acquire promising Amazon and ecommerce businesses. The subsidiary will run with the name Upexi. GRVI stock skyrocket above $9 on October 14, 2021 following the Upexi news. Now, the stock is once again approaching the $8 price mark with the common stock repurchase news. Overall Grove has soared over 36% year-to-date and has jumped nearly 87% in this quarter. At the moment, GRVI is trading around its resistance point and the RSI confirms that, which is 70.46. The fundamentals look good but the company is still relatively new on the stock market. The IPO just occurred on June 23, 2021. The quarterly sales have soared over 43% and the revenues increased by a whopping 250% in the fiscal year 2021 over 2020. The revenues totaled around $24.1 million, showing strong progress As of June 30, 2021, the working capital increased to $12,473,922 from a negative $869,760 in the same period last year. Whereas, the net increase in the cash this year was $13,646,694 compared to a negative $2,809,915 in 2020. The company expects the current fiscal year 2022 to outperform the fiscal year 2021. The prospects are bright for the company as we conclude the fundamentals of Grove. @ul Business School The 1 million shares repurchase authorization shows GRVI's commitment to increasing shareholder value. That will also help the firm in deploying some of the cash flow in the coming period. With improvement in revenues, a strong balance sheet, and positive cash flow, this might be the right time to authorize the option to repurchase stock Apart from that, Grove Inc. (GRVI) is also expanding its business. The launch of Upexi is part of its expansion plan. The company plans to take direct aim at the Amazon Aggregation market. Through Upexi, the company would integrate the e-commerce market as a desirable suitor to which prospective business owners may sell. That will provide potential sellers access to Grove's programmatic ad technology, in-house digital marketing experts, and direct partnership with a team of expert Amazon PPC buyers Amazon is the biggest e-commerce marketplace and the pandemic has really ignited the online marketplace. It is a great opportunity for Grove Inc. (GRVI) to expand in the right market at the right time. This article is accessible from https://stockstelegraph.com/grvi-shares-soar-following-share-repurchase- authorization REQUIRED: Provide your view on the above case study identifying the factors that could have caused the above impact to the company. The answer scheme should clearly include an analysis of why a company would consider an IPO and Share Repurchase Strategy