Welcome to our dedicated page for GLUCOSE HEALTH news (Ticker: GLUC), a resource for investors and traders seeking the latest updates and insights on GLUCOSE HEALTH stock.
Glucose Health, Inc. specializes in manufacturing and selling dietary supplements tailored for individuals with pre-diabetes and/or type-2 diabetes. The company's flagship product, Glucose Health, is a dietary supplement crafted from nine natural ingredients that aim to positively impact blood glucose, triglyceride, and cholesterol levels. Glucose Health, Inc. distributes its product through national and regional pharmacy retailers and its online platform, glucosehealth.com. Formerly recognized as Bio-Solutions Corp., the company underwent a name change to Glucose Health, Inc. in November 2014. Founded in 2007, Glucose Health, Inc. calls Bentonville, Arkansas, home.
Glucose Health, Inc. (OTC PINK:GLUC) reported strong fiscal 2022 results, achieving over $1 million in annual revenue for the first time, totaling $1,072,655, a 12% increase from $953,681 in 2021. The company also saw gross profits rise 11% to $456,715. With zero debt and minimal liabilities, GLUC continues as an emerging growth company. The successful launch of GLUCODOWN® flavors, available on Amazon and CVS, supports this growth. In 2023, Glucose Health plans to expand its distribution and launch new brands like FIBER UP® and be rite®. The company maintains a strong online and in-store presence with positive customer feedback.
Glucose Health, Inc. (OTC: GLUC) announced key corporate updates on November 3, 2022. Three candidates accepted nominations as independent directors, and committees for Audit, Compensation, and Corporate Governance have been established. A PCAOB firm has been appointed as auditor, completing audits for fiscal years 2020 and 2021, alongside interim reviews for 2022. A new Chief Accounting Officer has been appointed to oversee accounting matters. The company specializes in beverages tailored for diabetics and plans to launch a fiber-infused drink targeting the fiber-deficient population in the U.S.
Glucose Health, Inc. (OTC: GLUC) reported significant financial growth for Q3 2022, with revenues of $340,681, a 45% increase from Q3 2021. Gross profit soared to $153,789, marking a 148% rise year-over-year. The company achieved a net income of $8,091, a notable turnaround from a net loss of $133,160 in Q3 2021. Additionally, Glucose Health is preparing for a planned up-listing to the NASDAQ Capital Market, with an update expected by the week of October 31, 2022.
Glucose Health, Inc. (OTC Pink: GLUC) announced significant changes to its Board of Directors amid concerns regarding potential violations of securities laws connected to Celsius Holdings. The company's CEO and a board member from Celsius resigned following the revelation of an SEC investigation into Celsius. Consequently, 1.8 million shares underlying the resigned directors' warrants were canceled, reducing GLUC's fully diluted share count from 22.1 million to 20.3 million. This restructuring positions Glucose Health to refocus on its unique market of functional, diabetic-friendly beverages.
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