A rise of 33.33% brought the market cap of iBrands Corp (OTCPink: IBRC) to $16.2M. The iBrands stock closed the last session at $0.0008. Recently, IBRC stock traded 74.18M shares, exceeding its average daily volume of 40.17M. Also, IBRC stock has fluctuated from $0.0006 to $0.0008. News of a new nano sport nutraceutical from iBrands sent the pink sheets IBRC stock soaring.
What is the newly launched product?
iBrands Corporation acquires and operates niche market brands in industries that are highly profitable. Partnerships with businesses throughout the United States and Canada provide IBRC with many new markets to explore over the next decade.
A nutraceutical product based on Nano Cannabinoids and Nano Stilbenes was launched by iBrands through its subsidiary iBrands Farms, according to a yesterday press release by IBRC.
Cannabidiol nanoparticles in the range of 75-90 nanometers at a concentration of 200mg per milliliter constitute Nano Cannabidiol, a proprietary formulation of cannabidiol isolate. In addition to oral administration, Nano Cannabidiol is also available as an intranasal formulation that crosses the brain-blood barrier.
IBRC subsidiary iBrands Farms recently became a sponsor of the Ontario Bandits Football Club and will supply nutraceuticals to its players and staff. A 50/50 blend of Nano Sport and patented NanoStilbene is used in the IBRC product. This new formulation by iBrands (IBRC) has been freed from air, light, and hard environment, which enhances bioavailability and sustained release of cannabidiol and pterostilbene.