Cannabis Watch: The collapse of this cannabis stock offers a valuable lesson to every investor

India Globalization Capital’s chief executive boasted in February that his was the only cannabis company that was using blockchain technology – combining two of the hottest investment trends.

The CEO, Ram Mukunda, went on to say that “2018 is a very exciting year for us with a lot of milestones investors can watch for.”

Indeed, for investors, it has been quite a ride. Shares of IGC IGCC, -3.65% surged 35-fold, to $13 from 37 cents between Aug. 13 and Oct. 2, as the company promised cannabis-based treatments for conditions including Alzheimer’s, Parkinson’s, eating disorders, and even epilepsy in cats and dogs.

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