Cardone Ventures, backed by Grant Cardone and his business partners Brandon and Natalie Dawson, has submitted an unsolicited, non-binding proposal to acquire all outstanding shares of PetMed Express, Inc. for $4.25 per share in cash. The offer values PetMed Express at approximately $89 million and is not subject to any financing contingency. Cardone Ventures highlighted PetMed Express's established brand, fulfillment infrastructure, and customer relationships as key strategic assets, and stated its intention to apply operational expertise to drive growth and long-term value. The proposal remains subject to customary due diligence, a definitive agreement, and required approvals. There is no assurance that a definitive agreement will be reached or that the transaction will be completed.