Wash the corn using a strainer until the water runs clear, then let it drain for a few mins
Add the washed corn to an instant pot, or pressure cooker, and add all 5 cups of water. Cover and cook on manual for 40 mins.
While the corn is cooking, re-hydrate the coconut - In a medium bowl add the coconut, the milk, the condensed milk, the sugar, the coconut milk and the spices.
When the corn is cooked, safely release the pressure and open the pan.
Add the milk-coconut mixture to the cooked corn and cook on sauté mode (open) for 10-15 mins.
Serve with some cinnamon or with toasted coconut (optional)