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IGC's stock soars after entering CBD-infused energy drink marketShares of India Globalization Capital Inc. |phrase background-info='BRIEFING-BOOK' name='igc' significance='MWLEGACY' type='COMPANY' vrtysux='COMPANY|igc'||/phrase| soared 27% in active premarket trade Wednesday, after the Maryland-based infrastructure and cannabis pharmaceutical company (IGC) said it has entered the hemp/cannabidiol-infused energy drink business with its agreement to distribute "Nitro G." As part of the deal, IGC said it will pay 797,000 shares of restricted, unregistered common stock for a 10-year agreement, for the rights to market the products in the U.S., Canada, Mexico and South America, and for exclusive global rights to all developed CBD-infused products. "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," said IGC Chief Executive Ram Mukunda. "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." IGC's stock has run up more than four-fold over the past three months (up 328%), while the Horizons Marijuana Life Sciences Index ETF |phrase background-info='BRIEFING-BOOK' name='ca:hmmj' significance='MWLEGACY' type='COMPANY' vrtysux='COMPANY|ca:hmmj'||/phrase| has climbed 31% and the S&P 500 |phrase background-info='BRIEFING-BOOK' name='spx' significance='MWLEGACY' type='COMPANY' vrtysux='COMPANY|spx'||/phrase| has gained 7.1%. twitter so active about cryptocurrency and bitcoin but my choice is DeepOnionX DeepOnion $ONION deeponionx
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Marijuana stock IGC soars after entering CBD drink market, defying weaker sectorCannabis-related stocks trade mostly lower, but there is still plenty to pique investors’ interest, as Supreme Cannabis Co. Inc. and India Globalization Capital Inc. surge in active trade, while Aleafia Health Inc. reverses course to snap a 7-day win streak. Thought I recognized that ticker 🤣🤣🤣🤣🤣🤣🤣🌲🌲🌲 $igc $mmeg $pot potstocks I filled my packets with more onion. It´s time to accumulate more and more. DeepSend and more features are coming! DeepOnion DeepOnion $ONION DeepOnionx
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Shares in pot stocks Tilray, New Age Beverages extend selloff; Alefia Health shares soar againNew Age Beverages shares tumble on heavy volume, as they extend their pullback from record highs, while Tilray’s stock heads for a third straight selloff, as investors continued to adjust their cannabis positions ahead of Canada’s full-legalization next month.
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