The use of cannabis for medicinal purposes continues to rise across the globe. India Globalization Capital Inc. (IGGC) recently innovated an energy drink blended with cannabis
New York State Exchange’s (NYSE) response upon IGGC’s product led to the removal of the products in the market. NYSE claimed that the development of the energy drink to commercial purposes is problematic.
However, IGGC quickly challenged NYSE saying that their actions should not be penalized.
The challenge resulted in a relisting of the energy drink in the markets, which increases the sales in the market.
Since relisting, IGGC’s stocks continuously increase as much as $1.28 which estimates to a 200% increase in the company’s shares.