Glucose Health, Inc.

General Information
Business:

(Note: This is NOT an IPO. This is a NASDAQ uplisting from the OTC Markets. Glucose Health, Inc. filed an S-1/A on Jan. 9, 2023, in which it revamped its uplisting by switching to the NASDAQ from the NYSE-American Exchange – and by restructuring the public offering: The unit structure was dropped and Glucose Health’s offering is now a stock-only deal. The public offering’s terms were disclosed in the Jan. 9, 2023, S-1/A filing: 2.13 million shares (2,125,000 shares) at $4.00 per share to raise $8.5 million. The company plans to execute a 1-for-10 reverse stock split before the offering closes. In addition, selling stockholders are offering a total of 1.31 million shares (1,313,402 shares) that may be offered from time to time after this public offering, the prospectus says. Background: Glucose Health, Inc. filed its S-1 on June 1, 2022, for an underwritten public offering of units, terms not stated, to be listed on the NYSE-American Exchange.)

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
Employees:
Founded: 2007
Contact Information
Address 609 SW 8th Street Suite 600 Bentonville, AR 72712
Phone Number 479) 802-3827
Web Address http://www.glucosehealthinc.com/
View Prospectus: Glucose Health, Inc.
Financial Information
Market Cap $20.08mil
Revenues $1.0 mil (last 12 months)
Net Income $-0.34 mil (last 12 months)
IPO Profile
Symbol GLUC
Exchange NASDAQ
Shares (millions): 2.1
Price range $4.00 - $4.00
Est. $ Volume $8.5 mil
Manager / Joint Managers EF Hutton
CO-Managers
Expected To Trade:
Status: TBA
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change