Grove tumbles on plan to buy advertising firm Interactive Offers

Upexi

19/08/2021 16:49

** Shares of hemp-based wellness products maker  GRVI.O 
down 14.6% at $5.81
    ** GRVI to buy U.S.-based advertising services provider
Interactive Offers for an undisclosed sum  urn:newsml:reuters.com:*:nGNX2NY4D2
    ** Acquisition expected to significantly improve GRVI’s
product sales and provide an in-house ad service platform - co
    ** Expects the planned acquisition to be close within the
next 30 days
    ** Stock up 3.8% since its market debut in June

 (Reporting by Amruta Khandekar)
 ((Amruta.Khandekar@thomsonreuters.com;))