Grove Collaborative shares soar after expanded distribution to three retailers including Kohl’s

Grove Collaborative Holdings Inc. GROV, +82.50% announced expanded store distribution at three retailers, Kohl’s KSS, +3.29%, Giant Eagle and Meijer, sending shares soaring 52% in Thursday trading. Grove Collaborative is a sustainable consumer products brand that is committed to being 100% plastic-free by 2025. Launched in 2016, the company began trading on the New York Stock Exchange last month following a SPAC deal with Virgin Group Acquisition Corp. Grove products were first available at Target TGT, +2.34% in 2021. The stock closed Wednesday at $4.