Glucose Health, Inc.
(Note: This is NOT an IPO. This is an uplisting to the NYSE – American from the OTC Markets. Glucose Health, Inc. filed its S-1 on June 1, 2022, for an underwritten public offering of units, terms not stated. The deal’s proceeds have been estimated at up to $30 million. Each unit will consist of one share of common stock and one warrant to buy one share of common stock. Glucose Health has applied to the NYSE – American for approval to list its stock under the proposed symbol “GLUC” and its warrants under the proposed symbol “GLUCW”. A reverse stock split will occur in connection with this offering, the prospectus says; the ratio of the reverse stock split has not been stated yet.)
We are an own-label distributor of nutritional beverages. Our niche is the formulation, manufacturing, marketing and distribution of soluble fiber infused nutritional beverages. (Incorporated in Delaware)
In November 2017, we registered the trademark GLUCODOWN® and have since launched the first soluble fiber infused, powdered iced tea, and flavored drink mixes, in North America. We launched GLUCODOWN® because we identified an absence of product variety and/or nutritional suitability among the “healthier” beverage offerings from other companies, serving pre-diabetic and diabetic consumers. We are currently in the early stages of marketing and distributing GLUCODOWN® nutritional beverages.
Building upon our knowledge capital gained from formulating, manufacturing, marketing and distributing GLUCODOWN®, we registered the trademark FIBER UP® in September 2020, and are developing our second soluble fiber infused nutritional beverage brand. We plan to launch FIBER UP® as a ready-to-drink beverage and to initially focus our marketing and distribution efforts to persons 45 and older.
The National Diabetes Statistics Report (source: Centers for Disease Control and Prevention. www.cdc.gov/diabetes/data/statistics-report/index.html. Accessed April 10, 2022) estimates 96 million adults have pre-diabetes and 37.3 million adults have diabetes. We believe the National Diabetes Statistics Report points to a large and growing market of consumers likely receptive to nutritional beverages which help maintain healthy serum glucose levels (healthy blood sugar). Prior to the introduction of GLUCODOWN®, the only nutritional beverages formulated for healthy blood sugar by the companies addressing this large and growing consumer market, were dairy shakes (ready-to-drink and powder). By formulating a new form of nutritional beverage for this consumer market, delicious tasting iced tea, and drink mixes, we believe GLUCODOWN® will gain market share. We additionally believe, as this market of consumers becomes aware of GLUCODOWN®, they will discontinue purchasing sugar-free and low-calorie beverages from other companies which, while delicious tasting, do not provide the nutritional efficacy of GLUCODOWN®.
FIBER UP® will expand our Company’s addressable consumer market, from pre-diabetic and diabetic persons, to also serve the 95% of Americans understood to be fiber deficient (source: Closing America’s Fiber Intake Gap. website https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6124841/. Accessed April 10, 2022). In addition to helping maintain healthy post-prandial serum glucose levels, soluble fiber has other important physiological impacts, including supporting heart health, promoting weight loss, preserving bone density, and maintaining gut health. We believe consumer interest in the United States in the physiological benefits of soluble fiber is nascent, for reasons of an aging population and increasing health consciousness. While the beneficial impacts of increasing soluble fiber intake are applicable across all age cohorts, we plan to initially focus our launch of FIBER UP® to persons 45 and older – a consumer market we believe to be underserved by other beverage companies.
|Industry:||Beverages for diabetics|
|Address||609 SW 8th Street Suite 600 Bentonville, AR 72712|
|Phone Number||479) 802-3827|
|View Prospectus:||Glucose Health, Inc.|
|Revenues||$1.0 mil (last 12 months)|
|Net Income||$-0.34 mil (last 12 months)|
|Exchange||NYSE - American|
|Price range||$0.00 - $0.00|
|Est. $ Volume||$30.0 mil|
|Manager / Joint Managers||EF Hutton|
|Expected To Trade:|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|