GROOVE BOTANICALS INC.

Groove Botanicals Inc.

Overview

Groove Botanicals Inc. is an early-stage company focused on identifying and evaluating early-stage intellectual property and applied technologies originating from Norwegian universities, university hospitals, applied research institutions, and related technology-transfer organizations. The objective is to assess technologies for potential licensing, development, or commercialization in North America through licensing, strategic relationships, partnerships, or other structures. Initial review efforts concentrate on Norway’s research ecosystem and adjacent industry sectors, including energy/offshore technology, maritime/ocean industries, aquaculture, carbon capture, health sciences, medical technology, and related digital technologies.

Present operations

• The company is in an early development stage and is concentrating on sourcing and evaluating technologies from Norwegian institutions for possible North American development and commercialization.
• Commercial and product development activities are limited while evaluation and opportunity assessment continue.
• Reported research and development expenses were $0 for fiscal 2026 and 2025.
• The company acknowledges a competitive market for acquiring and licensing early-stage technologies, including activity from universities, research institutions, funds, and other commercialization platforms.

Intellectual property

• Activities center on identifying suitable Norwegian-origin technologies and negotiating rights on acceptable terms. Any future IP ownership or licensing will depend on successful identification and agreement with originating institutions.

People and resources

• Employees: one full-time employee (President Kent Rodriguez) and one part-time administrative assistant.
• Board and advisors: the board engages consultants and advisors on an as-needed basis; compensation for consultants and advisors has included cash and common stock.
• Internal IT resources are limited; the company monitors cybersecurity risks and conducts ongoing risk assessment.

Capital and expenditures

• Anticipated capital requirements are estimated between $500,000 and $5,000,000, depending on the scale and pace of growth strategies.
• Operations to date have emphasized evaluation and opportunity identification rather than product sales or licensing transactions.

Facilities

• Corporate office: 310 Fourth Avenue South, Suite 7000, Minneapolis, MN 55415.
• Lease terms: office space rented from an unaffiliated third party on a month-to-month basis.
• Rent: $1,200 per month (verbal agreement).

Corporate history and other disclosures

• The company has a history of name changes and corporate reorganizations dating back to Snow Runner (USA), Inc., with prior names including XDOGS, Inc., Avalon Oil & Gas, Inc., and Groove Botanicals, Inc. Management has indicated an intention to change the company name to Nordmark Technologies, Inc. to reflect the strategic focus on sourcing and evaluating Norwegian-origin technologies.
• There are no pending legal proceedings involving directors, officers, or major holders reported for the period covered. The company conducts ongoing assessment of cybersecurity and related operational risks.

Summary

Groove Botanicals Inc. is transitioning its focus toward sourcing and evaluating Norwegian-origin IP for potential North American licensing or development under the prospective name Nordmark Technologies, Inc. Current work emphasizes technology review, relationship-building with research institutions and technology-transfer organizations, and preparing for potential licensing or development activity pending identification of appropriate opportunities.