Bethesda, MD, March 9, 2015 (GLOBE NEWSWIRE) -- India Globalization Capital, Inc. (NYSE-MKT: IGC) announces its inaugural Major Themes Investment Conference featuring a legal cannabis presentation track to be held in NYC at the Harvard Club on June 9, 2015.
This event will feature corporate presentations, key note speakers and will include a specialized track of North American companies in the emerging legal cannabis industry. Midtown Partners LLC ("MTP"), our New York broker-dealer will host the conference.
"We are pleased to announce our first major themes investment conference as we continue to focus on providing investment banking services to the legal cannabis industry. This is a great opportunity for investors to hear from legal cannabis companies, access cannabis thought leaders, obtain market and regulatory analysis and evaluate investment potential in an industry that we believe is an emerging major investment theme. Over the next six years, according to a report by GreenWave Advisors, sales of cannabis could total $21 billion if just 12 states legalize recreational cannabis. The potential market of cannabis derived pharmaceuticals, cannabis delivery systems, and peripheral businesses could be significantly larger," said John Clarke Managing Director of Midtown Partners.
"We are looking forward to this important NYC major themes conference and remain confident in our efforts of building long-term shareholder value through a diversified base of operating segments," stated Ram Mukunda, CEO of IGC, Inc.
About IGC and Midtown Partners & Co., LLC
Based in Bethesda, Maryland, India Globalization Capital, Inc. ("IGC") has articulated a strategy to become a company with diverse operating businesses including medical marijuana, specialty pharmaceuticals and solar energy. We are currently engaged in trading, vertical farming and rental of heavy equipment in India, China and the United States. IGC's website is at http://www.igcinc.us and you can follow IGC's latest developments on Facebook at https://www.facebook.com/IGCINCUS.
Based in New York City, New York, Midtown is an independent investment bank focused on facilitating growth by providing creative and unique financial solutions to high growth companies within the lower middle market. For more information about Midtown please visit its website at http://www.midtownpartners.com.
Some of the statements contained in this press release that are not historical facts constitute forward- looking statements under the federal securities laws. Forward-looking statements can be identified by the use of the words "may," "will," "should," "could," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "intends," "potential," "proposed" or the negative of those terms. The term "crowd funding" or "crowdfunding" is not a recognized regulatory term and is meant as a reference to offerings of investment securities under the JOBS Act of 2012 for regulations both currently adopted and to be adopted in the future by the Securities & Exchange Commission and FINRA as a result of that legislation. These statements are not a guarantee of future developments and are subject to risks, uncertainties and other factors, some of which are beyond IGC's control and are difficult to predict. Consequently, actual results may differ materially from information contained in the forward-looking statements as a result of future changes or developments in our business, our acquisition and diversification strategy, our competitive environment, infrastructure demands, iron ore availability and governmental, regulatory, political, economic, legal and social conditions in, among other places, China and India. Except as required by federal securities laws, IGC undertakes no obligation to publicly update any forward- looking statements, whether as a result of new information, future events, or otherwise. Other factors and risks that could cause or contribute to actual results differing materially from such forward- looking statements have been discussed in greater detail in IGC's Form 10- K for fiscal year ended March 31, 2014, and in subsequent reports filed with the U.S. SEC.
CONTACT: Investors Contact Information: Claudia Grimaldi 301-983-0998
Source:India Globalization Capital