HumanCo Investments Sends Letter to the Board of Directors of Grove Collaborative

Strategic alternatives, including a full sale of the business, must be pursued in order to unlock the full value of the platform.

Believes Grove could be conservatively valued at ~0.70x - 0.90x 2025E revenue in such a transaction, which equates to a ~90 - 140% premium to the Company's current share price of $1.19 or ~$2.25 - $2.90 per share on a fully diluted basis.

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