International Spirits & Beverage Group, Inc. (OTCQB: ISBG): Upcoming CBD Products Sets The Company Up As A Potential Buyout Candidate
Miami, FL – January 17, 2019 -- InvestorsHub NewsWire -- (undergroundstocks.com Newswire) – UndergroundStocks.com, an elite wall street independent small cap media group with a history of bringing lucrative opportunities, reports on International Spirits & Beverage Group, Inc. (OTC QB: ISBG).
In 2017 $9 billion in marijuana sales were reported by the industry nationwide according to Tom Adams, managing director of BDS Analytics. These numbers don’t include California which opened in January 2018. Estimates are calling for $11 billion in sales nationwide for 2018 and expected to rise to $21 billion by 2021. The industry employed more than 121,000 people in 2017 and expected to reach 292,000 by 2021. With this industry growth factor, trajectory, and viable path to legalization it’s easy to see how big business is going to want a piece of the action.
ISBG CBD Upcoming Products
The company has completed the developing of the P19 CBD Gummies and is set to be released this year on January 25th via the company’s upcoming E-Commerce site. The company is finalizing its CBD infused beverages which will be launching days after the E-Commerce site goes live. In addition to its CBD products, the company is currently selling its Besado Tequila and its natural flavored Dziaq Liqueur beverages.
ISBG Potential Buyout Candidate
Everything is lining up for ISBG to gather more attention from big cannabis players. One big player who is actively acquiring cannabis companies is Aurora Cannabis (NYSE: ACB). Aurora has been especially reliant of late on the acquisition side of the equation. Earlier this week, the company made yet another purchase, when it announced the CA$175 million buyout of privately held Whistler Medical Marijuana in Canada.
Here at UndergroundStocks we believe that when ISBG begins generating massive sales from their CBD Gummies and CBD Beverages many cannabis players such as Aurora Cannabis (NYSE: ACB), Canopy Growth (NYSE: CGC), Cronos Group (NASDAQ: CRON), Tilray (NASDAQ: TLRY), New Age Beverages (NASDAQ: NBEV), and GWP pharma (NASDAQ: GWPH) will take a look at International Spirits & Beverage Group, Inc. (OTCQB: ISBG) as a potential acquisition or buyout.
Two days ago, American Premium Water Corporation (OTC PINK: HIPH) announced that it has entered into a financing agreement with an institutional investor at a $0.40 valuation, ten times the current market valuation. International Spirits & Beverage Group, Inc. (OTC QB: ISBG) at a ten times valuation the price will be over $0.04
ISBG Chart Breakdown & Share Structure
This undervalued stock should be in everyone’s watchlist. ISBG’s current share structure is the following: AS 200,000,000 million, OS 120,994,320 million, Float 54,399,528 million. The market cap at the time of writing was $822,761. The current share price is $0.0064.
ISBG is one of those thinly traded stocks that could explode on low volume and once this cheetah takes off there’s no catching it.
The stock is currently trading over the 8ma (.0059) and 20ma (.0059) which is now major support and the accumulation in the stock continues. Next key pivot to break will be .0089, once this breaks there’s no telling how high this can go. Our potential price target still stands at $0.03.
Undergroundstocks.com is an elite wall street independent small cap media group with a history of bringing lucrative opportunities. We are well known for discovering undervalued companies and bringing them to the attention of the investment community.
All information contained herein as well as on the Undergroundstocks.com website is obtained from sources believed to be reliable but not guaranteed to be accurate or all-inclusive. All material is for informational purposes only, is only the opinion of Undergroundstocks.com and should not be construed as an offer or solicitation to buy or sell securities. The information may include certain forward-looking statements, which may be affected by unforeseen circumstances and/or certain risks. Undergroundstocks.com and its associates may have a position either long or short in any company mentioned herein. Please consult an investment professional before investing in anything viewed within this article or any other portion of Undergroundstocks.com.