India Globalization Capital (IGC) Stock: Climbing On CBD Energy Drink 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, and for good reason. The company announced that it has entered into a partnership and will now be marketing several drinks, including a CBD-infused energy drink. Today, we’ll talk about:

  • The news;
  • what we’re seeing from the stock as a result; and
  • what we’ll be watching for with regard to IGC ahead.

IGC Announces Partnership Agreement 

As mentioned above, India Globalization Capital is having an incredibly strong start to the trading session this morning after announcing a new partnership. In a press release issued late last night, the company announced that it has entered into a distribution and partnership agreement.

The agreement is centered around several products including a sugar free, energy drink, known as Nitro G. In the release, IGC said that it will pay 797,000 shares of restricted, unregistered, common stock under the terms of the agreement. In exchange it will receive rights to market the products in the United States, Canada, Mexico and South America. IGC will also receive exclusive global rights to all developed CBD-infused products.

As a result, the company plans on creating a branded, hemp/CBD-infused version of the formulation that addresses the market demand for energy drinks with the inclusion of healthy properties derived from hemp including CBD. 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, the news proved to be overwhelmingly positive. As more eyes are on health drinks, energy drinks, and more importantly, CBD-infused drinks, the company is generating a product to tackle all of these markets. 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 (8:53), IGC is trading at $3.00 per share after a gain of $0.70 per share or 30.43% thus far today.

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

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 news surrounding the company’s new partnership and development of a CBD-infused drink. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

Never Miss The News Again

Do you want real-time, actionable news delivered to your inbox? Join the CNA Finance mailing list below!

Subscribe Today!
* indicates required

Add Comment