Groove Botanicals (GRVE) Stock Price

Groove Botanicals Price

OTC·CLOSED
0.00USD+0.0001 (+2.47 %)
Market closed

Revenue at Groove Botanicals has contracted by 7.1% per year over the past 19 years to 57,000.00 USD. For Groove Botanicals, the net margin of -814.6% is down versus -482.5% a few years ago. The stock trades about 698% above its 52-week low.

Groove Botanicals stock price

Volume
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Groove Botanicals over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Groove Botanicals stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Groove Botanicals's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Groove Botanicals Stock Price History
DateGroove Botanicals Price
8/7/20260.00 USD
8/6/20260.00 USD
8/5/20260.00 USD
8/4/20260.00 USD
8/3/20260.00 USD
7/31/20260.00 USD
7/30/20260.00 USD
7/29/20260.00 USD
7/28/20260.00 USD
7/27/20260.00 USD
7/23/20260.00 USD
7/22/20260.00 USD
7/21/20260.00 USD
7/20/20260.00 USD
7/17/20260.00 USD
7/16/20260.00 USD
7/15/20260.00 USD
7/14/20260.00 USD
7/13/20260.00 USD
7/10/20260.00 USD
7/9/20260.00 USD
7/8/20260.00 USD
7/7/20260.00 USD
7/6/20260.00 USD
7/2/20260.00 USD
7/1/20260.00 USD
6/30/20260.00 USD
6/29/20260.00 USD
6/26/20260.00 USD
6/25/20260.00 USD
6/24/20260.00 USD
6/23/20260.00 USD
6/22/20260.00 USD
6/18/20260.00 USD
6/17/20260.00 USD
6/16/20260.00 USD
6/15/20260.00 USD
6/12/20260.00 USD
6/11/20260.00 USD
6/10/20260.00 USD
6/9/20260.00 USD
6/8/20260.00 USD
6/5/20260.00 USD
6/4/20260.00 USD
6/3/20260.00 USD
6/2/20260.00 USD
6/1/20260.00 USD
5/29/20260.00 USD
5/28/20260.00 USD
5/27/20260.00 USD
5/26/20260.00 USD
5/22/20260.00 USD
5/21/20260.00 USD
5/20/20260.00 USD
5/19/20260.00 USD
5/18/20260.00 USD
5/15/20260.00 USD
5/14/20260.00 USD
5/13/20260.00 USD
5/12/20260.00 USD
5/11/20260.00 USD
5/8/20260.00 USD
5/7/20260.00 USD
5/6/20260.00 USD
5/5/20260.00 USD
5/4/20260.00 USD
5/1/20260.00 USD
4/30/20260.00 USD
4/29/20260.00 USD
4/28/20260.00 USD
4/27/20260.00 USD
4/24/20260.00 USD
4/23/20260.00 USD
4/22/20260.00 USD
4/21/20260.00 USD
4/20/20260.00 USD
4/17/20260.00 USD
4/16/20260.00 USD
4/15/20260.00 USD
4/14/20260.00 USD
4/13/20260.00 USD
4/10/20260.00 USD
4/9/20260.00 USD
4/8/20260.00 USD
4/7/20260.00 USD
4/6/20260.00 USD
4/2/20260.00 USD
4/1/20260.00 USD
3/31/20260.00 USD
3/30/20260.00 USD
3/27/20260.00 USD
3/26/20260.00 USD
3/25/20260.00 USD
3/24/20260.00 USD
3/23/20260.00 USD
3/20/20260.00 USD
3/19/20260.00 USD
3/18/20260.00 USD
3/17/20260.00 USD
3/16/20260.00 USD
3/13/20260.00 USD
3/12/20260.00 USD
3/11/20260.00 USD
3/10/20260.00 USD
3/9/20260.00 USD
3/6/20260.00 USD
3/5/20260.00 USD
3/4/20260.00 USD
3/3/20260.00 USD
3/2/20260.00 USD
2/27/20260.00 USD
2/26/20260.00 USD
2/25/20260.00 USD
2/24/20260.00 USD
2/23/20260.00 USD
2/20/20260.00 USD
2/19/20260.00 USD
2/18/20260.00 USD
2/17/20260.00 USD
2/13/20260.00 USD
2/12/20260.00 USD
2/11/20260.00 USD
2/10/20260.00 USD
2/9/20260.00 USD
2/6/20260.00 USD
2/5/20260.00 USD
2/4/20260.00 USD
2/3/20260.00 USD
2/2/20260.00 USD
1/30/20260.00 USD
1/29/20260.00 USD
1/28/20260.00 USD
1/27/20260.00 USD
1/26/20260.00 USD
1/23/20260.00 USD
1/22/20260.00 USD
1/21/20260.00 USD
1/20/20260.00 USD
1/16/20260.00 USD
1/15/20260.00 USD
1/14/20260.00 USD
1/13/20260.00 USD
1/12/20260.00 USD
1/9/20260.00 USD
1/8/20260.00 USD
1/7/20260.00 USD
1/6/20260.00 USD
1/5/20260.00 USD
1/2/20260.00 USD
12/31/20250.00 USD
12/30/20250.00 USD
12/29/20250.00 USD
12/26/20250.00 USD
12/24/20250.00 USD
12/23/20250.00 USD
12/22/20250.00 USD
12/19/20250.00 USD
12/18/20250.00 USD
12/17/20250.00 USD
12/16/20250.00 USD
12/15/20250.00 USD
12/12/20250.00 USD
12/11/20250.00 USD
12/10/20250.00 USD
12/9/20250.00 USD
12/8/20250.00 USD
12/5/20250.00 USD
12/4/20250.00 USD
12/3/20250.00 USD
12/2/20250.00 USD
12/1/20250.00 USD
11/28/20250.00 USD
11/26/20250.00 USD
11/25/20250.00 USD
11/24/20250.00 USD
11/21/20250.00 USD
11/20/20250.00 USD
11/19/20250.00 USD
11/18/20250.00 USD
11/17/20250.00 USD
11/14/20250.00 USD
11/13/20250.00 USD
11/12/20250.00 USD
11/11/20250.00 USD
11/10/20250.00 USD
11/7/20250.00 USD
11/6/20250.00 USD
11/5/20250.00 USD
11/4/20250.00 USD
11/3/20250.00 USD
10/31/20250.00 USD
10/30/20250.00 USD
10/29/20250.00 USD
10/28/20250.00 USD
10/27/20250.00 USD
10/24/20250.00 USD
10/23/20250.00 USD
10/22/20250.00 USD
10/21/20250.00 USD
10/20/20250.00 USD
10/17/20250.00 USD
10/16/20250.00 USD
10/15/20250.00 USD
10/14/20250.00 USD
10/13/20250.00 USD
10/10/20250.00 USD
10/9/20250.00 USD
10/8/20250.00 USD
10/7/20250.00 USD
10/6/20250.00 USD
10/3/20250.00 USD
10/2/20250.00 USD
10/1/20250.00 USD
9/30/20250.00 USD
9/29/20250.00 USD
9/26/20250.00 USD
9/25/20250.00 USD
9/24/20250.00 USD
9/23/20250.00 USD
9/22/20250.00 USD
9/19/20250.00 USD
9/18/20250.00 USD
9/17/20250.00 USD
9/16/20250.00 USD
9/15/20250.00 USD
9/12/20250.00 USD
9/11/20250.00 USD
9/10/20250.00 USD
9/9/20250.00 USD
9/8/20250.00 USD
9/5/20250.00 USD
9/4/20250.00 USD
9/3/20250.00 USD
9/2/20250.00 USD
8/29/20250.00 USD
8/28/20250.00 USD
8/27/20250.00 USD
8/26/20250.00 USD
8/25/20250.00 USD
8/22/20250.00 USD
8/21/20250.00 USD
8/20/20250.00 USD
8/19/20250.00 USD
8/18/20250.00 USD
8/15/20250.00 USD
8/14/20250.00 USD
8/13/20250.00 USD
8/12/20250.00 USD
8/11/20250.00 USD
Access this data via the Eulerpool API

Groove Botanicals Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2010
260,000.00 USD
-1.10 M USD
-2.31 M USD
Jan 1, 2011
190,000.00 USD
-1.19 M USD
-1.36 M USD
Jan 1, 2012
253,900.00 USD
-483,800.00 USD
-777,200.00 USD
Jan 1, 2013
163,600.00 USD
-574,500.00 USD
-789,300.00 USD
Jan 1, 2014
156,300.00 USD
-643,100.00 USD
-850,800.00 USD
Jan 1, 2015
110,400.00 USD
-374,100.00 USD
-75,300.00 USD
Jan 1, 2016
52,900.00 USD
-930,300.00 USD
-2.71 M USD
Jan 1, 2017
57,000.00 USD
-211,600.00 USD
-464,300.00 USD

Groove Botanicals Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 10, 2026, 4:27 PM
 
REVENUEk USD
EBITM USD
EBIT MARGIN%
NET INCOMEM USD
NET INCOME GROWTH%
SHARESM
2002200320042005200620072008200920102011201220132014201520162017
-2.00-3.00-1.00-1.00-1.00
-1.00-3.00-3.00-2.00-2.00-1.00-2.00
-80.00-33.33-50.00
18.2018.200.010.010.020.040.070.190.401.202.033.4710.0112.7217.6218.20
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Groove Botanicals generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Groove Botanicals retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Groove Botanicals's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Groove Botanicals has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Groove Botanicals's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Groove Botanicals stock margins

The Groove Botanicals margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Groove Botanicals. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Groove Botanicals.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2010
53.85 %
-423.08 %
-888.46 %
Jan 1, 2011
21.05 %
-626.32 %
-715.79 %
Jan 1, 2012
49.23 %
-190.55 %
-306.10 %
Jan 1, 2013
23.66 %
-351.16 %
-482.46 %
Jan 1, 2014
14.27 %
-411.45 %
-544.34 %
Jan 1, 2015
9.33 %
-338.86 %
-68.21 %
Jan 1, 2016
-24.95 %
-1,758.60 %
-5,126.47 %
Jan 1, 2017
8.77 %
-371.23 %
-814.56 %

Groove Botanicals Stock Revenue, EBIT, Earnings per Share

The Groove Botanicals earnings per share therefore indicates how much revenue Groove Botanicals has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2010
0.65 USD
-2.75 USD
-5.77 USD
Jan 1, 2011
0.16 USD
-0.99 USD
-1.13 USD
Jan 1, 2012
0.12 USD
-0.24 USD
-0.38 USD
Jan 1, 2013
0.05 USD
-0.17 USD
-0.23 USD
Jan 1, 2014
0.02 USD
-0.06 USD
-0.09 USD
Jan 1, 2015
0.01 USD
-0.03 USD
-0.01 USD
Jan 1, 2016
0.00 USD
-0.05 USD
-0.15 USD
Jan 1, 2017
0.00 USD
-0.01 USD
-0.03 USD

Groove Botanicals business model & stock analysis

Groove Botanicals Inc. is an American company that specializes in the sale of natural and organic products. It was founded in 2005 by a group of friends who were interested in healthy food, medicinal herbs, and sustainable production. The company aims to provide a healthy alternative to conventional and often unhealthy products, while also contributing to environmental protection and sustainability. They offer a range of products in the wellness, body care, beauty, and health sectors, including natural supplements, cosmetics, essential oils, herbal teas, and more. They also specialize in the production and distribution of CBD products, using high-quality ingredients and sustainable production methods. In addition to their business operations, Groove Botanicals is committed to environmental protection and sustainability.

Groove Botanicals SWOT Analysis

Strengths

Groove Botanicals Inc is positioned as a leader in the organic skincare industry, offering a wide range of plant-based products that are both effective and environmentally friendly. The company has established a strong brand reputation for producing high-quality, cruelty-free cosmetics, attracting a loyal customer base.

Furthermore, Groove Botanicals Inc possesses a robust distribution network, with its products being available in various retail outlets and online platforms. This widespread presence allows the company to easily reach its target market and increase its sales potential.

Weaknesses

One of the key weaknesses of Groove Botanicals Inc is its relatively limited product line compared to some competitors. While the company excels in skincare products, it may miss potential opportunities in other segments of the beauty industry.

Moreover, despite its strong brand reputation, Groove Botanicals Inc may struggle with brand recognition in certain markets where it faces intense competition from well-established skincare brands. This could result in difficulties in gaining market share and expanding its customer base.

Opportunities

The growing consumer demand for natural and organic products presents a significant opportunity for Groove Botanicals Inc. By leveraging its expertise in plant-based skincare, the company can capitalize on this trend and further increase its market presence and sales.

Expanding its product line to offer a wider range of beauty and wellness products could also unlock potential opportunities. This diversification would enable Groove Botanicals Inc to cater to a broader audience and mitigate the risks associated with relying heavily on a single product category.

Threats

One of the major threats facing Groove Botanicals Inc is the presence of large, well-established competitors in the skincare industry. These competitors often have greater financial resources, extensive marketing capabilities, and established customer loyalty, making it challenging for Groove Botanicals Inc to gain market share.

Additionally, the ever-changing regulatory landscape and stringent requirements for organic certifications pose a threat to the company. Complying with these regulations and maintaining relevant certifications can be costly and time-consuming, potentially impacting Groove Botanicals Inc's profitability.

Groove Botanicals Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Groove Botanicals historical P/E ratio, EBIT multiple, and P/S ratio

Groove Botanicals annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Groove Botanicals shares outstanding

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2010
400,000.00 Stocks
Jan 1, 2011
1.20 M Stocks
Jan 1, 2012
2.03 M Stocks
Jan 1, 2013
3.47 M Stocks
Jan 1, 2014
10.01 M Stocks
Jan 1, 2015
12.72 M Stocks
Jan 1, 2016
17.62 M Stocks
Jan 1, 2017
18.20 M Stocks

Groove Botanicals stock splits

In Groove Botanicals's history, there have been no stock splits.
Price targets and forecasts for Groove Botanicals are not yet available.

Groove Botanicals shareholder structure

% Name
0.02400%
Rodriguez (Kent A)
Rodriguez (Kent A)

Groove Botanicals Executives and Management Board

3 members · avg. age 55 · 33 % women

KR

Mr. Kent Rodriguez (55)

Chairman of the Board, President, Chief Executive Officer, Chief Financial Officer, Secretary, IR Contact Officer

88,000.00 USD

JA

Ms. Jill Allison (51)

Director

RH

Mr. Rene Haeusler (60)

Director

Frequently asked questions about Groove Botanicals

The business model of Groove Botanicals Inc focuses on cultivating and distributing high-quality botanical products. This includes sourcing and growing various plant species known for their medicinal and wellness benefits. Groove Botanicals Inc aims to provide customers with natural remedies, herbal supplements, and wellness products that promote a healthy lifestyle. By leveraging sustainable farming practices and research-based approaches, the company strives to deliver innovative botanical solutions to meet the growing demand for natural alternatives. Groove Botanicals Inc aims to establish itself as a trusted provider of botanical products and contribute to the well-being of its customers.

Groove Botanicals Inc is primarily active in the cannabis industry.

The main competitors of Groove Botanicals Inc in the market include companies like Herbal Wellness Co., Green Earth Extracts, and Natural Remedies Unlimited.

Groove Botanicals Inc is a leading company in the botanical industry. With a rich history dating back to its establishment, the company has positioned itself as a key player in the market. Groove Botanicals Inc specializes in the cultivation, processing, and distribution of high-quality botanical products. The company's commitment to sustainability, innovation, and customer satisfaction has contributed to its success. Groove Botanicals Inc's wide range of offerings includes herbal supplements, essential oils, and skincare products. Through continuous research and development, the company aims to stay at the forefront of the botanical industry, providing top-notch products to its customers worldwide.

Groove Botanicals Inc has achieved several significant milestones. The company successfully launched its flagship product line, which includes a wide range of herbal supplements and botanical health products. It has also expanded its distribution network to reach a larger customer base globally. Additionally, Groove Botanicals Inc has established strategic partnerships with reputable retailers, leading to increased brand recognition and market share. The company has consistently demonstrated its commitment to research and development, resulting in innovative formulations and products that meet the evolving needs of consumers. Groove Botanicals Inc continues to be a trailblazer in the health and wellness industry, positioning itself as a trusted and reliable provider of natural and high-quality botanical solutions.

Groove Botanicals Inc is primarily present in the United States.

Groove Botanicals Inc represents a commitment to sustainability, high-quality products, and customer satisfaction. With a strong corporate philosophy centered around ethical sourcing, Groove Botanicals strives to provide natural and organic botanical products that promote overall well-being. The company values transparency and uses innovative techniques to ensure the highest standards of purity and potency in its offerings. By prioritizing customer needs and providing reliable information, Groove Botanicals aims to foster trust and establish long-term relationships. This dedication to excellence sets Groove Botanicals apart in the industry, making it a trusted choice for health-conscious consumers.

Converted at the current exchange rate, the Groove Botanicals share trades at 0.00 EUR (0.00 USD).

Groove Botanicals Inc is a leading company specializing in the sale of high-quality botanical products. The company has different divisions that focus on various application areas and customer needs. They offer CBD products, herbal remedies, and superfoods, all sourced from sustainable and organic origins. The company works closely with local farmers and producers to ensure the highest quality products. They also prioritize customer education and provide information on ingredients, effects, and proper usage. Overall, Groove Botanicals Inc provides tailored botanical products to meet individual well-being needs.

The revenue cannot currently be calculated for Groove Botanicals.

The profit cannot currently be calculated for Groove Botanicals.

The P/E ratio cannot be calculated for Groove Botanicals at the moment.

The P/S cannot be calculated for Groove Botanicals currently.

The Eulerpool Quality Score for Groove Botanicals is 2/10.

The ISIN of Groove Botanicals is US3988451072. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Groove Botanicals is A2JL5W. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Groove Botanicals is GRVE. The ticker symbol is used to trade Groove Botanicals shares on the stock exchange.

Groove Botanicals paid dividends every year for the past 0 years.

Groove Botanicals is assigned to the 'Non-cyclical consumption' sector.

The dividends of Groove Botanicals are distributed in USD.