Grove Investor Presentation Deck

Note: Long Term Trends Are Driving Gross Margin To Record Highs 100% 75% 50% 25% 0% 81% 19% 2017A (1) OVERALL NET REVENUE SHARE BY BRAND 63% 37% 2019A Third-Party Brands 52% 48% 2022A Grove Brands 51% 49% Q1 2023A 1. Unaudited management estimates 2. Gross Margin Impact of Non-cash inventory reserve as disclosed in the Consolidated Statement of Cash Flows in our 10-K and 10-Q Filings 60.0% 40.0% 20.0% 0.0% 28.1% Adjusted GROSS MARGIN % 28.1% 2017A (1) 35.9% -0.1% 35.8% 2019A (2) Inventory reserve impact 50.3% 2.2% 48.1% 2022A Record in Q1 '23 52.2% 0.1% 52.1% Q1 2023A GAAP Gross Margin 228

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