UPEXI, INC. current report, 29 September 2021

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Business Context and Reporting Period

Grove, Inc. filed a Form 8-K dated September 29, 2021, under Item 2.02 to announce financial and operational results and business highlights for the fiscal quarter ended June 30, 2021. The filing identifies the registrant as Grove, Inc.; the request metadata identifies UPEXI, Inc., creating a company-name discrepancy that should be verified.

The company reported that the detailed results were provided in an attached September 29, 2021 press release, Exhibit 99.1. That exhibit’s substantive content is not included in the supplied filing text.

Financial Metrics and Operating Results

  • Revenue, profit or loss, cash flow, margins, debt, liquidity, and other financial metrics are not provided in the supplied Form 8-K text.
  • The company referenced financial and operational results for the quarter ended June 30, 2021, but the filing does not state the underlying amounts.
  • The press release includes references to non-GAAP financial measures and states that reconciliations to the most comparable GAAP measures are included in the press release.

Material Changes Versus the Prior Comparable Period

The supplied filing text does not provide comparative results or describe material changes versus the prior comparable period.

Guidance, Outlook, Risks, and Unusual Items

  • No guidance, outlook, management commentary, contingencies, or unusual items are described in the supplied text.
  • The information in the Form 8-K, including Exhibit 99.1, was furnished rather than filed under General Instruction B.2 of Form 8-K and is generally not subject to Section 18 liability or incorporated by reference, except where expressly stated.
  • The company identified itself as an emerging growth company.

Key Facts to Verify

  1. Obtain and review Exhibit 99.1 for the omitted revenue, earnings, cash flow, margin, liquidity, and operational data.
  2. Review the exhibit’s GAAP-to-non-GAAP reconciliations and definitions.
  3. Confirm whether the filing relates to Grove, Inc. or UPEXI, Inc., given the discrepancy between the filing and request metadata.
  4. Verify any comparative-period results, guidance, risks, and management commentary contained in the press release.