NEW YORK, Feb. 01, 2018 (GLOBE NEWSWIRE) -- via NetworkWire – NetworkNewsWire ("NNW"), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring India Globalization Capital (NYSE:IGC), a client of NNW engaged in the development of cannabis based combination therapies to treat Alzheimer’s, pain, nausea, eating disorders, several end points of Parkinson’s, and epilepsy in dogs and cats.
To view the full publication, titled “Inherent Nature of Blockchain Technology Opens Door for New Industry Applications,” visit: LINK
A recent study published in JAMA (http://nnw.fm/7hJdD) showed that almost 70 percent of cannabidiol (“CBD”) products sold online are incorrectly labeled. Recognizing this issue as an opportunity, India Globalization Capital, Inc. (NYSE American: IGC) in late December 2017 announced its plans to develop ways of using blockchain technology for Product Identification Assurance (PIA) of its cannabidiol (CBD)-based therapies. The following day, IGC’s stock was up by over 200 percent and selling at $1.26 a share.
Shortly after, SeeThruEquity issued an update on IGC and raised its price target on the company’s stock to $2 a share, noting the company’s new and existing initiatives.
About IGC
IGC is engaged in the development of cannabis based combination therapies to treat Alzheimer’s, pain, nausea, eating disorders, several end points of Parkinson’s, and epilepsy in dogs and cats. IGC has assembled a portfolio of patent filings and four lead product candidates addressing these conditions. The company is based in Maryland, USA. For more information please visit www.IGCInc.us.
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Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
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