India Globalization Capital (IGC) Stock: Continues Skyward On CBD News

India Globalization Capital, Inc. IGC Stock NewsIndia Globalization Capital, Inc. (NYSEAMERICAN: IGC) is having an incredibly strong start to the trading session this morning, following up on the tremendous gains that we saw on the stock yesterday. Ultimately, the gains have to do with the company’s entrance into the CBD drink market. Today, we’ll talk about:

  • The market entrance;
  • what we’re seeing from IGC stock as a result; and
  • what we’ll be watching for ahead.

IGC Continues Upward

As mentioned above, India Globalization Capital is having an incredibly strong start to the trading session today, following up on yesterday’s gains. The gains are ultimately the result of a distribution and partnership agreement surrounding several drink products. However the most important of these products is not here yet.

IGC said that through the partnership, it is planning on creating a branded hemp/CBD infused version of the formulation that addresses market demand for energy drinks with the inclusion of healthy properties derived from hem, including, but not limited to CBD. At the moment, one of the key products included in this agreement is a sugar free energy drink, known as Nitro G. IGC will be reformulating this drink to include CBD and potentially other hemp based ingredients.

As the world’s opinion surrounding cannabis continues to change, several companies are tapping into the market, hoping to carve their slice of the pie. With this announcement, IGC joins this group of companies looking to capitalize on changing opinions with regard to cannabis.

In a statement, Ram Mukunda, CEO at IGC, had the following to offer:

According to a Grand View Research forecast, the global energy drinks market is projected to be almost $85 billion by the year 2025, with non-alcoholic beverage sales expected to account for a significant portion of the market. This represents a unique opportunity for the development and commercialization of a CBD-infused, sugar free energy beverage.

By combining the experience of IGC with Hyalolex with the manufacturer in Malaysia, we potentially bring together unique expertise in microencapsulation, solubility, infusion, controlled dose delivery, and sugar free processes, among others. This will help introduce an exciting CBD-infused energy drink to the market and the acquired knowledge base can be further leveraged to diversify the delivery method for IGC branded products including Hyalolextm, our flagship product for patients suffering from Alzheimer’s.

What We’re Seeing From The Stock 

One of the first lessons that we learn when we start to dig into the market is that the news leads to moves. In the case of India Globalization Capital, recent news is exciting. Not only is the company going to start commercializing several new products, it will be creating one that targets an emerging space with tons of opportunity. So, it comes as no surprise that excited investors are sending the stock on a run for the top. As is normally the case, our partners at Trade Ideas were the first to alert us to the gains. At the moment (10:22), IGC is trading at $3.45 per share after a gain of $0.43 per share or 14.21% thus far today.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on IGC. In particular, we’re interested in following the story surrounding the company’s continued work to bring a CBD drink to market as well as the commercialization of other products included in the recently announced agreement. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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