|Bid||0.00 x 900|
|Ask||0.00 x 2200|
|Day's Range||3.00 - 4.15|
|52 Week Range||0.36 - 14.58|
|Beta (3Y Monthly)||3.35|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 19, 2018 - Feb 23, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
New Age Beverages Corp. disclosed Friday afternoon that a board member resigned after the company learned that he had previously settled a disciplinary action with the Securities and Exchange Commission. The beverage company, which plans to launch drinks with a cannabis-derived compound commonly known as CBD, said in a filing with the SEC that it "was apprised of previously undisclosed information relating to Robert J. Evans and Pennington Capital Management LLC stemming from a November 2014 Securities and Exchange Commission Order" on Thursday. That order required board member Evans and Pennington Capital Management to pay $165,000 to settle charges of illegally buying shares in a secondary offering that they had previously shorted in a restricted period, without admitting nor denying guilt. Companies that sell or plan to sell CBD beverages, such as New Age Beverages and India Globalization Capital Inc., or IGC, have been caught up in a volatile market for cannabis-related stocks around Canada's legalization of recreational marijuana sales this week. New Age Beverages shares have jumped 193% in the past three months, as the S&P 500 index has declined 1.3%.
fell about 10% to $3.40 Friday, October 19, as the pot stock struggles for a second straight day in spite of the legalization of recreational cannabis in Canada earlier this week. The legalization of cannabis in Canada wasn't the only bit of good news for Bethesda, Maryland-based IGC this week, as the company also announced that it is targeting a March roll out in Canada for its low-dose THC-based formulation to treat Alzheimer's disease.
HENDERSON, NV / ACCESSWIRE / October 18, 2018 / There has been some bad news in the market recently causing some securities to sell off. This has made for some desirable buying opportunities for savvy ...
“Today was monumental,” India Globalization Capital’s Chief Executive Officer Ram Mukunda said in an interview. “We were waiting for it to become legal,” Mukunda said in a phone interview. IGC, which turned heads in 2013 when it added a cannabis pharmaceuticals business to its existing infrastructure legacy, has applications pending for eight patents, with its Hyalolex formulation for Alzheimer’s its leading candidate.
Shares of a company that says it wants to make a line of CBD-infused drinks have run up dramatically, but is there any real news behind the move?
India Globalization Capital, Inc. announces financial results for the quarter ended September 30, 2018, which is the second quarter of its 2019 fiscal year.
HENDERSON, NV / ACCESSWIRE / October 15, 2018 / With the broader market tanking it is likely investors will find safe haven in cannabis and biotech stocks because they are both innovative sectors. An incredibly ...
HENDERSON NV / ACCESSWIRE / October 11, 2018 / Some of the world's biggest beverage makers are looking to add cannabis-infused drinks to their lineups. Corona brewer Constellation Brands said last month ...
HENDERSON, NV / ACCESSWIRE / October 10, 2018 / Stocks in the biotech and cannabis industries provide investors the largest gains. That’s why we always have our ear to the ground for the best opportunities ...
India Globalization Capital, Inc. (NYSE AMERICAN: IGC) today announced that it has filed a provisional method and composition patent application (IGC-509) with the U.S. Patent and Trademark Office (USPTO) for the treatment of fatigue and energy restoration. The filing is for a provisional patent and no assurance can be given as to whether or when a registered patent may be granted by the USPTO in the future. This patent filing made on October 4, 2018, is one of a series of steps in the Company’s development and commercialization plan to support the creation of a branded, hemp/CBD sugar-free energy drink, which was previously disclosed by the Company on September 25, 2018.
Shares of India Globalization Capital Inc. plunged toward its biggest-ever one-day decline, as they extended their pullback following the meteoric run up after the company said it was entering the cannabidiol-infused energy drink space. The stock plummeted 37.1% in afternoon trade, the biggest decline since it went public in April 2006, amid a broad selloff in cannabis stocks. The three biggest declines have occurred over the past three sessions, including a 31.9% selloff on Wednesday and Thursday's 27.6% dive. Before that, the biggest decline was 27.0% on Feb. 19, 2009. The current three-session losing streak follows a near six-fold run up in five days (up 458%). Among other more-active marijuana stocks, New Age Beverages Corp. slipped 0.4%, Tilray Inc. lost 7.2%, Cronos Group Inc. shed 7.7%, Canopy Growth Corp. dropped 3.8% and Aurora Cannabis Inc. gave up 2.3%. Meanwhile, Level Brands Inc.'s stock rallied 14%. The ETFMG Alternative Asset ETF tumbled 3.1% with 27 of 33 components losing ground, while the S&P 500 lost 1.1%.
HENDERSON, NV / ACCESSWIRE / October 5, 2018 / Last week, the DEA announced it has taken some cannabidiol off the most restrictive class of controlled substances, a move that allows the sale of the first ...
announced that it upsized its debt offering to $450 million from $400 million while also pricing the offering of the convertible senior notes due 2023. Tilray shares were up 0.65% after rising 4.3% in premarket trading. Tilray also granted the initial purchasers of the notes an option to buy an additional $67.5 million aggregate principal amount of notes.
The marijuana momo (momentum) crowd was excited about PepsiCo reporting its earnings and perhaps giving hints about entering a new market. My purpose of writing this column is to help marijuana investors avoid this kind of mistake. For the sake of complete transparency, those are exactly the same charts without any changes that were previously published at the time of Pepsi (PEP) releasing its earnings.
CORAL GABLES, FL / ACCESSWIRE / October 4, 2018 / The cannabis industry and marijuana stocks continue to gain interest in the markets this month. October 17 will mark the day that Canada will be able to begin legally selling recreational marijuana across the country. The company reported recently that it will be seeking to reinstate its listing on the OTC Markets by way of filing a registration statement with the Securities and Exchange Commission.
Here are the top stories on TheStreet. has made a lot of headlines since early last week when the Securities and Exchange Commission announced that it was fining the automaker and its founder and CEO, Elon Musk. Shares fluctuated Wednesday morning following yet another set of negative headlines surrounding the clean-energy carmaker, including revelations that Musk threatened to leave the group if he was forced to settle fraud charges with the SEC, reported TheStreet's Martin Baccardax.
It takes skill to trade marijuana stocks, especially marijuana-beverage stocks, which are not good long-term investments.
IGC suddenly left the realm of the penny stock universe when the firm announced its intention to enter the CBD-infused energy drink market.
India Globalization Capital, Inc. (NYSE AMERICAN:IGC) announced today that it completed its at-the-market equity offering programs described in its prospectus supplements dated September 24, 2018 and October 1, 2018 and filed with the SEC. In total, 5,654,375 shares of common stock were sold at a weighted average stock price of approximately $5.30, representing gross proceeds of approximately $30.0 million. Following the completion of the programs, IGC has approximately 36,692,848 shares of common stock outstanding.