The Fascinating Story of India Globalization Capital, Inc. (OTC: IGCC)

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India Globalization Capital, Inc. (OTC: IGCC) is an exciting Company that is currently developing a hemp/CBD-infused energy drink. Ex big boards can be highly volatile once they hit the OTCBB and IGCC is no exception running frrom $0.365 to over $1.80 in a week.

IGCC was delisted on October 29 from the NYSE. The Company says it is in the process of evaluating applications with alternative exchanges in the U.S. and Canada to list its common stock for public trading.

India Globalization Capital, Inc. (OTC: IGCC) has two lines of business, a legacy infrastructure business and a medical cannabis business that has developed a flagship product for Alzheimer’s patients. The Company recently announced that it will develop and commercialize a hemp/CBD infused energy drink.

In September IGCC announced it has executed a distribution and partnership agreement for several products including a sugar free, energy drink called ‘Nitro G’. IGC will pay 797,000 shares of restricted, unregistered, common stock, for a 10-year agreement, with an option for multiple 5-year extensions, for the rights to market the products in the U.S., Canada, Mexico and South America and exclusive global rights to all developed CBD-infused products.

IGC plans to create a branded, hemp/CBD-infused version of the formulation that addresses market demand for energy drinks with the inclusion of healthy properties derived from hemp including CBD. This transaction is particularly timely given the language of the 2018 Farm Bill that currently addresses potentially legalizing, on a federal level, industrial hemp and products derived from it, including hemp oil that contains CBD.

“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 Hyalolex [tm], our flagship product for patients suffering from Alzheimer’s,” continued Mukunda.

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IGCC was delisted on October 29 from the NYSE. The Company says it is in the process of evaluating applications with alternative exchanges in the U.S. and Canada to list its common stock for public trading.

On October 30 IGCC announced it is in the process of evaluating applications with alternative exchanges in the U.S. and Canada to list its common stock for public trading. IGC is working diligently to complete this process as quickly as possible and will provide additional updates in the very near term. Liquidity, elimination of unfair restrictions with respect to the commercialization of products, and customized support are expected to be key selection points.

“We strongly disagree with the NYSE decision and will seek listing on an exchange that embraces our innovation. We have been transparent in disclosing our active legacy operations and should not be penalized for moving forward to commercialize products in the emerging U.S. cannabis industry. As a publicly traded company with cannabis ambitions, we are under great scrutiny and we intend to navigate the course for all our stakeholders and individuals seeking access to our innovative products including those under development,” stated Ram Mukunda, CEO.

CBD and Energy Drinks are the right place to be; 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,” stated Ram Mukunda, CEO of IGC.

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Currently trading at a $45 million market valuation IGCC has $6.4 million in the treasury, very little debt and small but growing revenues reporting $811k for the 3 months ended September 30, 2018 up from $235k for the same period last year. Ex big boards can be highly volatile once they hit the OTCBB and IGCC is no exception, this is an exciting Company is currently developing an drink branded, hemp/CBD-infused energy drink. We will be updating on IGCC when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with IGCC.

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Disclosure: we hold no position in IGCC either long or short and we have not been compensated for this article.

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