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Another day, another cannabis stock jumping double digits

India Globalization Capital Inc. (IGC) - Get India Globalization Capital, Inc. Report  was up 26% Wednesday, Sept.  26, after the company announced that it  executed a partnership deal for several products including a infusing an energy drink called "Nitro G" with cannabidiol. 

The Bethesda, Maryland-based company will offer 797,000 shares of restricted, unregistered, common stock for a 10-year license to market the products in the U.S., Canada, Mexico and South America as well as global rights to all CBD-infused products that are developed under the partnership. 

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The deal also comes with the option for multiple five-year extensions. 

"According to a Grand View Research forecast, the global energy drinks market is projected to be almost $85 billion by the year 2025, with non-alcoholic beverage sales expected to account for a significant portion of the market. This represents a unique opportunity for the development and commercialization of a CBD-infused, sugar free energy beverage," said IGC CEO Ram Mukunda.

Canadian pot company Tilray Inc. (TLRY) - Get Tilray, Inc. Report rose 5% in tandem with no new developments to report Wednesday. Fellow CBD-infused drink maker New Age Beverages Corp (NBEV) - Get NewAge Inc Report was falling 1% after rising earlier in the session. 

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