Groove Botanicals Inc. is an early-stage company focused on developing EV battery technology from universities in Scandinavia, with no current products or revenue, operating at a net loss.

# Company Summary: Groove Botanicals Inc.

## Business Overview
- **Name:** Groove Botanicals Inc.
- **Incorporation:** Nevada (formerly Colorado)
- **Industry Focus:** Early-stage development in the electric vehicle (EV) and energy storage sector
- **Primary Business Plan:**  
  - Assemble a portfolio of early-stage EV Battery Technologies developed from universities in Norway, Sweden, and Finland.  
  - Seek grants from the State of Minnesota Department of Economic Development to identify corporate partners for commercialization.  
  - Ultimately aim to produce revenues through licensing and partnerships in the EV battery industry.

## Operations & History
- **Current Operations:**  
  - No current products, revenue, or active marketing/sales activities.  
  - Focused on technology acquisition and business development related to EV batteries.  
  - Planning to commercialize university-developed EV battery technologies.

- **Employee Count:**  
  - One full-time employee: the President, Kent Rodriguez.  
  - A part-time administrative assistant.  
  - Board members and advisors are retained on an as-needed basis, compensated with cash and stock.

- **Revenue & Income:**  
  - Has not generated any revenue to date.  
  - No sales or product offerings currently.  
  - Operating at a loss; reported a net loss of approximately **$130,834 for fiscal year 2025** and **$202,089 for fiscal year 2024**.

## Financial & Market Details
- **Number of Customers:**  
  - None reported; business is in early-stage development without active sales or customer base.

- **Market Presence:**  
  - The company's common stock is traded OTC under the symbol **GRVE**.  
  - Market value of holdings by non-affiliates was approximately **$709,689** as of September 30, 2024.  
  - As of June 30, 2025, there are **59,643,062** shares of common stock outstanding.

- **Assets & Liabilities:**  
  - As of March 31, 2025, total assets were approximately **$4,520**.  
  - Total liabilities (including related-party payables and dividends payable) were about **$1,114,381**.  
  - Stockholders' equity was **negative at approximately $1,109,861**.

## Intellectual Property & Development
- The company **does not currently own any patents or proprietary EV battery technologies**.  
- Technology acquisition process can be costly and uncertain.

## Key Risks & Challenges
- Significant financial deficits and recurring net losses.
- No current product revenue.
- Operating with limited personnel, primarily the President.
- No active marketing or sales operations.
- Heavy reliance on future technology acquisitions, grants, and partnerships for growth.
- Substantial doubt about continued existence as a going concern due to ongoing losses and limited capital resources.

Groove Botanicals Inc. is focused on developing early-stage electric vehicle battery technologies in collaboration with universities in Nordic countries, despite currently having no products or revenue.


# Groove Botanicals Inc. Overview

## Company Description
Groove Botanicals Inc. is a company that aims to assemble a portfolio of early-stage electric vehicle (EV) battery technologies. The company operates with a strategic focus on collaborating with universities in Norway, Sweden, and Finland to harness cutting-edge innovations in the EV battery sector. Groove Botanicals plans to seek grants from the State of Minnesota Department of Economic Development to identify corporate partners for the commercialization of these technologies.

## Current Operations
As of now, the company **does not have any products** and is not actively engaging in marketing or sales activities. The business is still in the developmental phase, aiming to establish partnerships and generate revenue through the commercialization of EV battery technologies.

## Financial Snapshot
- **Revenue**: Groove Botanicals does not currently generate any revenue as it is in the initial phase of business development.
- **Income**: The company has not reported any income during this period.
- **Capital Needs**: The projected capital requirements for the company range between **$500,000 to $5,000,000**, depending on growth strategies.

## Workforce
- **Employees**: The company has **one full-time employee**, the President Kent Rodriguez, and **one part-time administrative assistant**. Additionally, it retains consultants and advisors on an as-needed basis.

## Customers
Currently, Groove Botanicals does not have any customers as it has not initiated any marketing or sales efforts and does not have products for sale.

## Real Estate
- **Office Location**: The company's corporate office is situated at **310 Fourth Avenue South, Suite 700, Minneapolis, Minnesota 55415**, where it operates on a month-to-month rental agreement at a cost of **$1,200 per month**.

## Future Prospects
Groove Botanicals Inc. is positioned in a highly competitive industry as it seeks to enter the green energy market, particularly in the EV sector. There are numerous large and small companies in this space, which makes the landscape challenging. The company is also exploring grants and funding opportunities to support its business development and growth plans.

## Summary
As of now, Groove Botanicals Inc. has no products, no customers, and is in the early stages of its operational framework focused on EV battery technologies. It has limited human resources with plans to grow as partnerships and technologies are developed.


GROOVE BOTANICALS INC.

10-K / July 16, 2025

10-K / August 15, 2024

10-K / July 16, 2025

Company Summary: Groove Botanicals Inc.

Business Overview

Operations & History

Financial & Market Details

Intellectual Property & Development

Key Risks & Challenges