$GLUC, 4 million float!!! Products in every state in Walmart and sold through Amazon. The last Convertible Note issued by GLUC was April 1, 2016. Since that date, GLUC has utilized non-convertible (non-equity) straight interest Notes (largely to fund inventory). The reason is that, unlike most OTCPK/QB companies, GLUC has generated real cash flow to fund its operations.
Share Structure as of 2-28-18
Authorized Shares 200,000,000
Outstanding Shares 5,210,058
Restricted 956,577
Float 4,253,481
52-Wk Range 0.0397 - 0.296
With beverage industry giants spending billions to offset declining soda sales, by acquiring the upstart beverage companies making the new healthy drinks today's consumers demand... there has never been a better time to capitalize on the red-hot functional beverage sector. Today, consumers are looking for beverages to offer far more than just satisfying thirst. The beverage industry's product response are collectively known as functional beverages. Leading the growth in functional beverages is functional tea beverages. Euromonitor calculates functional tea beverages will achieve an impressive 10.3% CAGR (compound annual growth rate) through the year 2020 - more than any other functional beverage category including energy and (bottled) water.
The amazing popularity of functional beverages with consumers is no surprise to early investors in two functional "tea" beverage start-ups recently acquired for astonishing multiples of their revenues. This week's article takes an in-depth look at the companies producing these unique and profitable new functional tea beverages including Glucose Health, which makes "diabetic-friendly" iced tea, now sold nation-wide in 1800 Walmart locations.
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