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HENDERSON, NV, May 26, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — Grove Inc. (GRVI) is expanding into the developing market of medicinal mushrooms and superfoods with its new product line, Cure Mushrooms.
The logo provides a diversity of mushroom extracts in the United States. Grown in the Pacific Northwest and extracted/formulated in California, the USDA-certified organic logo provides a complete diversity of liquid extracts (tinctures) and gums.
Cure Mushrooms products are vegan and free of preservatives, chemicals, corn syrup, allergens, soy, dairy, wheat, salicylates, synthetic ingredients, synthetic sweeteners, flavors or colors.
This new release is expected to take advantage of the developing call in the medicinal mushroom box.
“The market for medicinal mushrooms is poised to grow to $4550 million between 2021 and 2025, developing at a CAGR of 9. 15% over the forecast period. “- Through Research and Markets
The one is already active, while the Amazon show will air live in June.
The addition of Cure Mushrooms adds to Grove’s portfolio of product brands for customers in the fitness and wellness space. The DTC brand and Amazon have been a key driving force for expansion and profitability. Cure Mushrooms, along with the launches and acquisitions of new brands, will drive continued expansion and profitability in the future.
CEO Allan Marshall said, “Sales of our DTC and Amazon brands have been a major driving force of our expansion to date. Management believes this new launch and our recent acquisition of Cygnet have put us on the path to further expansion in 2023 and beyond. .
About Grove, Inc.
Grove, Inc. es a global innovator in hemp, fitness and wellness. The company owns a variety of in-house brands and operates in various verticals, adding SaaS programmatic advertising generation and a wholly-owned department committed to obtaining high-growth electronic services. trademarks. The company sells to many customer markets, adding botany, beauty, puppy care and functional foods. It seeks to take advantage of an emerging global trend in Amazon customer product promotion and e-commerce.
Company ContactAndrew NorstrudEmail: inverterinfo@cbd. ioPhone: (702) 332-5591
Investor Relations ContactTraDigital IRJohn McNamaraEmail: john@tradigitalir. comPhone: (917) 658-2602
Forward-Looking Statements This press release includes “forward-looking statements” as that term is explained in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this release Releases that are not purely Ancient are forward-looking statements and come with all statements relating to beliefs, plans, expectations or intentions relating to the future. Actual effects may differ from those projected in the forward-looking statements due to many points. These points come with, among others, inherent uncertainties related to business strategy, potential acquisitions, earnings forecasts, product development, integration, and corporate and staff procurement synergies. These forward-looking statements are made as of the date of this news release, and we do not assume any legal responsibility to update any forward-looking statements or to update the reasons why actual effects may differ from those projected in the forward-looking statements. . Although we know that the beliefs, plans, expectations and intentions contained in this press release are reasonable, we cannot guarantee that such beliefs, plans, expectations or intentions will turn out to be correct. Investors deserve to review all of the data set forth in this document and also deserve to review the disclosure of threat items outlined in our Annual Report on Form 10-K and other periodic reports filed from time to time with the Securities and Exchange Commission.