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mcig inc

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Marijuana-Stocks-Nevada cannabis

The opening of Nevada’s recreational marijuana market has been a catalyst to many companies, however, some have benefited more than others.

Some of the biggest beneficiaries have been the vertically integrated companies as well as the holding companies.

One company that has benefited the most is mCig Inc. (MCIG). The company is levered to several legal cannabis markets and it has benefited from its unique and significant exposure to the Nevada market.

Posts Record Revenues and Enters New Markets

Today, mCig provided its shareholders with the latest project updates for Grow Contractors (its construction and consulting division), as well as its cannabis supply division after it entered the California cannabis market and posted record sales.

mCig said Grow Contractors will shatter its previous record revenue numbers after it took on cultivation management contracts and delivered on its plan for cultivation and production ownership while it mitigated risks through its consulting services. The company said the boom in Nevada will has led to an influx of requests for work. Some updates to mCig’s Grow Contractors division are as follows:

Nevada Projects:
• The $3.5 million, 330,000 square feet cultivation and extraction project known as Solaris will be Nevada’s largest cannabis facility. With all the required approvals in place, Solaris has been focused on construction.

• GWGA (formerly Sin City) was completed by Grow Contractors before the recreational deadline in Las Vegas. Although it is a relatively small facility (6,500 square feet), they have fully optimized the facility with vertical growing technologies to produce as much product as a 10,000 square foot facility.

• Acres Greenhouses: Following a signed contract and design phase approvals, Grow Contractors began work on 40,000 square foot of Greenhouses for Acres Farms in Amargosa, Nevada. Prior to the working relationship, Acres had existing greenhouses which were partially built and about 15% complete. The company will complete the greenhouse project soon.

Oregon Project:
• Located in a premier Oregon location 20 minutes from Portland, its $1.6 million, 115,000 square foot cultivation project is 90% complete. The facility has the latest lighting technology and is the first United States facility to use advanced DE HPS lighting by DEva Revolution. The two on-site licenses are operated by two master growers and the facility can produce 500 pound harvests on a monthly basis.

• Grow Contractors has many potential growth opportunities in the Oregon marijuana market and its current project slated to be completed by the end of July. The company is in discussions with a client to discuss a management relationship, expansion plans driving additional construction projects, and a potential joint venture.

Cannabis Supply Update
• Cannabiz Supply has become the go to supplier of packaging, accessories, and branding solutions for Nevada’s legal cannabis market. Increasing customer demand has allowed the company to increase its sales team, inventory, and move to a larger warehouse.

• Cannabiz Supply has started to expand its services with a new California sales office that will accommodate the hiring of additional team members and sales reps. A new rebranded website is expected to launch at the end of the month.

An Execution Story

We are favorable on this update and expect to see a favorable reaction from the market. Shares of mCig have come off its recent lows and we expect to see the company continued to report strong growth.

With leverage to massive marijuana markets like California, Nevada and Oregon, we are favorable on mCig’s long-term leverage and believe this is a company that investors need to watch.

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MCIG Sells Stony Hill Corp. an 80% Stake in its VitaCBD Brand

HENDERSON, NV / ACCESSWIRE / February 27, 2017 / mCig, Inc. (MCIG), a diversified company focused on the cannabis industry, announced today that it has entered into an asset purchase agreement with Stony Hill Corp. (STNY) for the purpose of pursuing mutually beneficial business opportunities in the Cannabidiol (CBD) Industry. Under terms of the agreement, MCIG will sell the VitaCBD brand to STNY, in exchange for total consideration of $850,000 in cash and common stock, and a 20% stake in VitaCBD, LLC, a subsidiary of STNY.

Paul Rosenberg, President and CEO of MCIG, commented, “MCIG has worked diligently to build the VitaCBD product line, but recognizes the need for a strategic partner to assist in branding and marketing of the product. After months of discussions and negotiations, we believe we have found that partner with Stony Hill. We are very bullish on the future revenue potential of VitaCBD and its ability to create value for our company and its shareholders.”

VitaCBD is a highly dedicated group devoted to engineering the purest hemp derived products available. Both hemp and marijuana contain dozens of cannabinoids, naturally occurring chemical compounds, but it is cannabidiol (CBD), in particular, that offers the potential for health and therapeutic benefits without the high. Hemp plants typically contain elevated levels of health-enhancing CBD, but by definition contain only trace levels of THC. This makes the hemp plant attractive to those seeking its potential health benefits as part of an antioxidant-rich lifestyle.

Chris Bridges, President of STNY, stated, “This transaction will expand Stony Hill’s platform of products and accelerate its growth strategy in the industry. Stony Hill and mCig will have a synergistic relationship, combining management and personnel with a dedicated focus on the promotion and deployment of the VitaCBD brand. We are excited to have mCig as a strategic partner and a shareholder in Stony Hill.”

About mCig, Inc.

Headquartered in Henderson, Nevada, mCig Inc. (MCIG) is a diversified company servicing the legal cannabis, hemp and CBD markets via its lifestyle brands. MCIG has transitioned from a vaporizer manufacturer to an industry leading, large scale, full service cannabis cultivation construction company, with its Grow Contractors division currently operating in the rapidly expanding Nevada market. The company looks forward to growing its core competencies to service the Ancillary legal Cannabis, Hemp, and CBD markets, with broader expansion to take place once federal laws change. For more information, visit www.mcig.org.

Safe Harbor Statement

Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein are based on current expectations, but are subject to a number of risks and uncertainties. The factors that could cause actual future results to differ materially from current expectations include, but are not limited to, risks and uncertainties relating to the Company’s ability to develop, market and sell products based on its technology; the expected benefits and efficacy of the Company’s products and technology; the availability of substantial additional funding for the Company to continue its operations and to conduct research and development, and future product commercialization; and the Company’s business, research, product development, regulatory approval, marketing, and distribution plans and strategies.

Contact:

CEO of mCig, Inc.
Paul Rosenberg
paul@mcig.org

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marijuana-stocks

mCig, Inc. (MCIG) continued to show strong growth on a quarter-over-quarter basis after the company reported preliminary results for the third quarter which ended on January 31st.

mCig has shown incremental growth following the company’s transition from a pure-play vaporizer company to a diversified holding company focused on the legal cannabis, hemp, and CBD markets as well as the picks & shovels approach with Greenhouse & other cultivation construction projects via their Scalable Solutions division.

Highlights from the company’s third quarter include:

● Generated $1.3 million in revenue (200% higher than the prior quarter) through its construction, CBD, and e-Cig divisions
● Reported $845,000 in net income (adjusted net income of $118,00), a company record
● Generated $341,000 in cash from operations and increased its cash, and cash equivalents to $420,000
● Reported to have more than $1.2 million in current assets with only $287,000 in current liabilities. This provides mCig with an acid test ratio of 4.3:1, its highest rating in company history.

The company’s success in the third quarter has brought total revenue for this fiscal year to $2.2 million. The revenue generated represents a 546% increase from the same period last year, and a 204% increase from last quarter.

MCIG’s net income during the quarter increased its total net income for the fiscal year to $716,000 (32% net profit margin).

From the Management Team

Michael Hawkins, Chief Financial Officer, stated, “For the third straight quarter MCIG has recorded record numbers. With its current contracts and booked revenue the Company will continue to see quarter over quarter growth in revenue.” He went on to say, “During this quarter we will revamp our segment reporting; changing from construction, wholesale, and retail; to construction, CBD, and e-Cig operations. We feel reporting on the segments under these new categories will provide a greater in depth review of our operations to our shareholders and investors.”

mCig CEO Paul Rosenberg said, “The cannabis industry is growing rapidly and MCIG has been there since the beginning. Management continues to focus on its business grow opportunities in Nevada, while continuing to service other states as well.”

A Trend to Watch

Over the last year, mCig has expanded its offering as well as the states it operates out of. The company recently entered its first business agreement in Maine which marked the sixth state the company is operating out of.
Investors should keep an eye on MCIG as this is a company to watch as they continue to expand their cultivation construction arm in the Nevada market, which we anticipate will become the most lucrative market outside of California. The continued execution coupled with a more attractive product and service line has made mCig an attractive partner for many businesses and we expect to see further expansion from here.

We may buy or sell additional shares of (MCIG) in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information. PLEASE READ OUR FULL PRIVACY POLICY & TERMS OF USE & DISCLAIMER (http://marijuanastocks.com/content/terms-and-conditions-use/)

mCig Announces 5 Million Reduction in Shares Outstanding

mCig Inc. ( OTCQB : MCIG ), a diversified company servicing the legal cannabis, hemp, and CBD markets, announced today that it has begun the process of cancelling 5 million shares of its common stock.

“We are announcing to our shareholders that we have reduced our shares of common stock outstanding by 5 million shares,” stated Michael Hawkins, CFO of MCIG. “Building value for shareholders in a public company requires not only success in establishing a strong business and revenue model, but also maintaining the financial integrity that comes from prudently managing the stock capital structure of the company. During our review we were able to identify and negotiate terms of service that led to the cancellation of prior stock issuances.”


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$VPRB will be participating at TPE Tobacco Plus Expo in Las Vegas

VPR Brands, LP (OTC PINK: VPRB) is proud to announce its participation in the TPE Tobacco Plus Expo booth# 6053, in Las Vegas, Nevada on January 25-26th. Voters in Nevada just recently voted to legalize marijuana for recreational use and the TPE show is the 1st major industry trade show to take place there since.

Dan Hoff COO of VPR Brands says, “The Trade Shows and events are a fantastic way for us to gauge the response to our new 2017 product portfolio. Having personally attended the BIG Industry Show in Los Angeles just last week, I had the opportunity to speak with many customers, industry professionals, and even some of our shareholders about the industry and their thoughts. The overall response to our products was overwhelmingly positive and with Nevada passing for recreational cannabis use in this past election I Believe the Tobacco Plus expo Las Vegas will have a large turnout from the Cannabis sector. According to Arcview Market Research’s official market projection annual legal cannabis sales in Nevada are expected to increase from $121.6 million in 2016 to an estimated $630 million by 2020.″


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#ICYMI: Marijuana Stocks, Inauguration Day, & Trump’s Bump

Here we are, just after the official inauguration day of our 45th President of the United States of America, Donald Trump. A lot has been said about him over the last few years during the election race but what many may not have expected was a clear “Trump Bump” for marijuana stocks.

 


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Pursuant to an agreement between MAPH and VPRBrands, we were hired for a period of 30 days to publicly disseminate information about (VPRB) including on the Website and other media including Facebook and Twitter. We are being paid $15,000 (CASH) for or were paid “ZERO” shares of unrestricted or restricted common shares. We own zero shares of (VPRB) which we purchased in the open market. . MAPH owns 2 million common restricted shares of mCig Inc. MAPH owns 10 million common restricted shares of Hemp Inc. We may buy or sell additional shares of any stocks mentioned, in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information. PLEASE READ OUR FULL PRIVACY POLICY & TERMS OF USE & DISCLAIMER

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HENDERSON, NV–(Marketwired – Oct 24, 2016) – MCIG, Inc., ( OTCQB : MCIG ) a diversified company servicing the legal cannabis, hemp, and CBD markets is pleased to give this corporate update to our current & future shareholders surrounding the operations of MCIG, Inc. First, let me thank the many investor emails I have received over the past few weeks that have made inquiries as to our product lines as well as our Nevada operations, it is for this reason I am providing this update ahead of what we feel is a pivotal moment for the cannabis industry.

The 2016 elections and cannabis related ballots across the United States are exceptionally important to the continued expansion of the industry and we feel MCIG, Inc. is well positioned at many different market verticals, most notable the Nevada cultivation market. Company divisions are fundamentally healthy and we expect to see revenues continues to grow as overall operations expand and are scaled to meet various forms of demand. Currently, 3 of our 4 divisions are profitable as we continue to focus on this profitability via cost cutting initiatives that continue to improve our margins. Also, our cash position has significantly improved while our expenses remain at all-time lows allowing for a good base for future growth.

MCIG continues to expand our shareholders position within the rapidly growing Cannabis market and we have become even more geographically diverse following the addition of new clients, new products roll outs, and continued market penetration via existing product lines and expanded distribution agreements.

In an effort to keep our investors up to date with everything going on within the company, we want to provide this update for each of our portfolio companies and investments as we prepare to enter into the third quarter.

Scalable Solutions -
After being established in March 2016, Scalable Solutions has quickly become a leader when it comes to Marijuana cultivation construction. Currently, we have five projects under construction and a backlog of more than $6 million dollars. Scalable Solutions will become a main driver of revenues for mCig as the legal cannabis industry continues to grow within its Nevada, which is expected to be a $629.5 million market by 2020. The company is also currently working on smaller projects in Washington and Oregon in various capacities while expanding its base of operation in Nevada.

It is important to note that if Nevada legalizes adult use cannabis on November 8, 2016 we will witness an unprecedented socio-economic impact in a state already shaped and fueled by tourism and entertainment. . That’s why we are taking an aggressive approach to contract new projects in Nevada while expanding our professional team of engineers and consultants.

Currently, Scalable’s Sin City and Green Leaf Farms projects under contract are ahead of schedule. Both projects will be expanding as the Nevada markets expand to fulfill their eventual maximum space usage for the large land and warehouse they respectively occupy. Sin City will eventually expand from 4,800 square feet to 40,000 square feet and Green Leaf will modify it entire facility in order to occupy all 30,000 square feet of their facility.

Management expects the Solaris project will become the model for future Green Houses which when completed will be the largest approved green house facility in Nevada with room to grow. The current parcel of Land that Solaris occupies is 12 acres, with only 20% currently allocated by the main Solaris Greenhouse. Many licensed producers are planning on scaling their operations as demand increases as it has increased in other markets. Our scalable division has already seen our current projects swell in size and each of our current clients has expanded the construction budgets multiple times, giving MCIG Inc. via Scalable Solutions years of continued project revenue.

Scalable targets a 10% profit margin on its construction, with monthly management fees and performance incentives. This continued growth along with identifying other avenues for revenues and expansion will ensure Scalable’s long term viability.

VitaCig Brand
The sale of our flagship VITACIG Brand just had a record breaking quarter as VitaCig continues to expand its operations outside of the united states. VitaCig will soon debut in the Philippines, South Africa, and Hungary. With the recent country additions, VitaCig now exports its product to more than 30 different countries.

Part of that success, is due to our R&D department, who continues to develop the world’s most innovative, and unique inhalation technologies and formulas. Within the last few month, VitaCig has released four new concept flavors under the, S-Edition. This Special Line Edition features SURGE B-12 + Energy Complex, SLEEP VitaCig® Edition, Kama Sutra (SEX), STRESS VitaCig® Edition, with 100% real Cocoa, Getting into the Holiday spirit early, VitaCig has just released its VitaCig Candy Cane — Holiday Limited Edition, the perfect gift or stocking stuffer for this Holiday season. Orders can be placed by visiting: http://www.vitacig.org/

VitaCBD Brand
At the CHAMPS Tradeshow in Denver, Sept. 26-28, 2016 the Company launched its new and improved VitaCBD™ Product Line to Buyer’s in the Smoke Shop Industry.

The new line consists of healthy, uniquely blended 250mg, 500mg and 1000mg tinctures… 150mg and 300mg PG Free E-Liquid… 100mg, 500mg and 1000mg Blood Orange Essential Oil Infused Topical Lotion, a complete line of relaxing melatonin and 25mg CBD Edibles, with more in the works.

The CBD Division has begun supplying Raw Hemp-Extracts to other CBD Manufacturing Companies as Cherry Hemp Oil Bulk CBD Supply Co. During its initial two week period of operations the CBD Division logged over $50,000 in sales.

With numerous Distribution Networks with their eye on VitaCBD™, a new Bulk CBD Supply Co., a heavy on-line presence, along with plans for unique, Hemp-Extract Based consumer product development phases, future growth for this new CBD Division should become a significant boost for mCig, Inc. as a whole. Orders can be placed by visiting: http://www.vitacbd.com

Rollies Division -
MCIG’s Rollies division recently entered into a partnership agreement with Nevada based company Vellum LLC. Both companies will work together on bringing to the market a new format of smoking papers and cannabis pre-roll filling services to a different marijuana businesses.

Vellum LLC provides pre-roll filling services for two California brand’s: Nativ and “Lucy’s” using a new JOINT format from MCIG. Collaboration of two companies, already generated more than 1 mil pre-rolled sold.

“MCIG’s Rollies division is finally on a roll”, says Alex Levitsky the CEO of Rollies. During the past 5 months we have been researching and testing Nevada’s marijuana market. We have met with many owners and managers of cannabis cultivation, production and dispensaries businesses. They all were highly impressed with our unique format of pre-rolls. Success of “Nativ” and “Lucy’s” have spiked tremendous interest from Las Vegas cannabis businesses. We’re in the middle of making a deal with a big cultivator/producer in Las Vegas which will significantly increase our sales volume on papers as well as filling services performed. Now, with joining forces of an experienced management team form Vellum, we would be able to expand our services rapidly to all marijuana legal states across an America.

mCig Internet
The company oversees all retail sales of mCig’s products. In May 2016, MCIG developed and approved a multifaceted operational plan for the expansion of its retail sales. The strategy has resulted in significant growth and is based upon these principles:

1. Expand domain name and website presence to capture and use to the Company’s advantage the recent and consistent changes in the Google ranking process, seeking guidance and direction from the industry experts and market leaders.

2. Develop and implement internally and externally, a system in which sales to customers can be expedited with secure privacy, yet inherent transparency.

3. Expand product sales to include not just our own proprietary products, but to be the industry leader in CBD sales.

Based upon this research, the Company acquired three specific domain names to use in conjunction with the four domain names it operates. As part of these acquisitions we have some of the best site development, SEO, and analyst in the market available to us who have provided in depth and thorough analysis of all out sites.

With the goal to propel mCig Internet towards domination of the specific industry keywords organically, and not by the conventional paid advertising methods that often prove highly ineffective, mCig Internet strives to control the primary keyword positions, and once achieve, to maintain them, at no additional costs unlike our various competitors.

Additional Updates
Omni Health, Inc. — While not recorded on the financial statements of MCIG, the Company maintains approximately a 9% interest in the company. Omni Health is the manufacturer and distributor of anti-aging creams and operates a Pharmacy operation in the Miami, Florida area.

Omni Health is conservatively projecting $6M in revenue with an 8% net profit margin for FY 2017. Omni will be more active independently promoting their company as soon as the symbol change is approved, any day now. Realizing value for our shareholders is a must and we have great plans for our position in Omni for our shareholders.

Conclusion

All in all, as previously stated, we feel we have created an environment where our company is a bright spot for the ancillary cannabis and hemp markets. MCIG has clearly reached an important inflection point of controlled expenses, rising revenues, and profitability. While the road was long we chose it not because it was easy, but because it was difficult and shareholder friendly. MCIG’s fiscal prudence and the avoidance of toxic debt is what has allowed us to be a diversified investment rather than a fly by night company trying to get it right at the cost of its shareholders. We are poised to flourish, rather than to fade and our corporate philosophy will continue to remain intact for the benefit of our shareholders. The recent retirement of 50,000,000 shares of stock is further testament to this fact and we will be announcing more changes to benefit shareholders as well as update shareholders to the potential impact of the November 8th ballot initiative impact, which we feel one way or another is either good news or great news for MCIG Inc. Thank you for your time.

Regards,
Paul Rosenberg
CEO MCIG Inc.

About mCig, Inc.
Headquartered in Henderson, Nevada, mCig Inc. ( OTCQB : MCIG ) A diversified company servicing the legal cannabis, hemp and CBD markets via its lifestyle brands. MCIG has transitioned from a vaporizer manufacturer to industry leading large scale, full service cannabis cultivation construction company with its Scalable Solutions division currently operating in the rapidly expanding Nevada market. The company looks forward to growing its core competencies to service the Ancillary legal Cannabis, Hemp and CBD markets, with broader expansion to take place once federal laws change. For more information visit www.mcig.org.

Safe Harbor Statement
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein are based on current expectations, but are subject to a number of risks and uncertainties. The factors that could cause actual future results to differ materially from current expectations include, but are not limited to, risks and uncertainties relating to the Company’s ability to develop, market and sell products based on its technology; the expected benefits and efficacy of the Company’s products and technology; the availability of substantial additional funding for the Company to continue its operations and to conduct research and development, and future product commercialization; and the Company’s business, research, product development, regulatory approval, marketing and distribution plans and strategies.

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mCig, Inc., Announces First Quarter 2017 Financial Results (Unaudited)

HENDERSON, NV–(Marketwired – Sep 21, 2016) – mCig, Inc. ( OTCQB : MCIG ), a diversified company servicing the legal cannabis, hemp, and CBD markets announced today its summarized unaudited financial results for its first quarter of the 2017 Fiscal Year.

First-Quarter 2017 Highlights:

The total recognized and unrecognized sales for the first quarter of 2017 was $340,404 that includes $47,870 in deferred revenue and $37,832 in construction revenue in excess of costs. The net sale for the quarter, was $254,702. The deferred revenue and construction revenue in excess of costs will be recognized in the second quarter.
During the quarter MCIG increased its cash position by 178% bringing its total cash available to $224,435. The Company generated a 105% increase in cash through its operations, with the remainder coming in its investing and financing activities.
This quarter marks the first time that mCig begins reporting segments within its operations. During this initial reporting period, two of the segments, online sales and wholesale, were profitable.
The Company decreased its burn rate by 75% or $500,000 through acquisitions, improving efficiencies, and expanding operations. Last year we had a net loss of $663,128, while this year we had a net loss of $161,977.

Michael Hawkins, Chief Financial Officer, stated, “The cash generated through operations and the VitaCig acquisition has had a positive effect on the cash position of the company allowing us to expand our asset base and grow the business.” He went on to say, “The Company has significantly reduced its overhead cost, and the business continues to trend in the right direction. During this quarterly report the company begins tracking three segments of its business.”

The scheduled shareholder call will be held on September 26, 2016 at 4:00 PM EST. The company anticipates the release of its Form 10Q for the first quarter of its fiscal year during this week.

To participate by telephone, the domestic dial-in number is (712)451-0011. The access code is 889964.

About mCig, Inc.

Headquartered in Henderson, Nevada, mCig Inc. (MCIG) A diversified company servicing the legal cannabis, hemp and CBD markets via its lifestyle brands. MCIG has transitioned from a vaporizer manufacturer to industry leading large scale, full service cannabis cultivation construction company with its Scalable Solutions division currently operating in the rapidly expanding Nevada market. The company looks forward to growing its core competencies to service the Ancillary legal Cannabis, Hemp and CBD markets, with broader expansion to take place once federal laws change. For more information visit www.mcig.org.

Safe Harbor Statement

Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein are based on current expectations, but are subject to a number of risks and uncertainties. The factors that could cause actual future results to differ materially from current expectations include, but are not limited to, risks and uncertainties relating to the Company’s ability to develop, market and sell products based on its technology; the expected benefits and efficacy of the Company’s products and technology; the availability of substantial additional funding for the Company to continue its operations and to conduct research and development, and future product commercialization; and the Company’s business, research, product development, regulatory approval, marketing and distribution plans and strategies.

This release contains a non-GAAP disclosure, EBIDTA, which consists of net income plus interest expense, net, provision for income taxes and depreciation and amortization. This term, as the Company defines it, may not be comparable to a similarly titled measure used by other companies and is not a measure of performance presented in accordance with GAAP. The Company uses EBIDTA as a measure of operating performance. EBIDTA should not be considered as a substitute for net income.

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mCig®, Inc. ( OTCQB : MCIG ), a leading provider of advanced technologies and solutions to the global cannabis industry, and innovator in inhalation eCig technologies, is pleased to announce another substantial order through its wholly owned subsidiary, Vitacig, Inc., its Wholesale Division.

This purchase order for $100,000 USD from one of our Canadian partners will be realized as booked revenue during the second fiscal quarter of this fiscal year. The order consists of six brands of the VitaCig e-Cig and several of the VitaCBD products currently available.

The company has shipped $50,000 worth of product already and The remainder of the order will be shipped in the next few weeks. All the revenues will be recognized during this current quarter (ending October 31,2016).

On June 22, 2016 MCIG acquired the European & Canadian assets of VTCQ’s wholesale contracts along with the associated revenue pipelines for its products. As stated in our earlier release of the VTCQ acquisition, MCIG & its shareholders are able to realize the new revenue streams we set out to create.

Michael James, Division Manager for VitaCig, Inc., comments, “This purchase order continues to demonstrate the growing demand for our products in the global market place. Apart from the tremendous success we are seeing here in the U.S., we continue to develop new friends and partners all across the globe who share in our vision for a healthier lifestyle”.

About mCig, Inc.
Headquartered in Hollywood, CA, mCig, Inc. ( OTCQB : MCIG ) is a leading provider of advanced technologies and solutions to the global cannabis industry. mCig manufactures and markets best-selling portable and home vaporizers, extraction related equipment, CBD Rich Hemp Oil-derived products, and related nutraceuticals based on natural compounds found in Cannabis and Hemp plants. The company believes that a well-regulated marijuana industry is emerging as more states follow the lead of Alaska, Colorado, Oregon, and Washington in legalizing marijuana. A similar trend is developing within the CBD and Hemp industries following overwhelming consumer demand.

Safe Harbor Statement
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein are based on current expectations, but are subject to a number of risks and uncertainties. The factors that could cause actual future results to differ materially from current expectations include, but are not limited to, risks and uncertainties relating to the Company’s ability to develop, market and sell products based on its technology; the expected benefits and efficiency of the Company’s products and technology; the availability of substantial additional funding for the Company to continue its operations and to conduct research and development, and future product commercialization; and the Company’s business, research, product development, regulatory approval, marketing and distribution plans and strategies.

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MCIG discussed the financial statements of the Company for Fiscal Year 2016 and its implications on the future during the most recent investor call on June 28, 2016 at 4:30 PM (EST). Michael Hawkins, Interim Chief Financial Officer, stated in a recent earnings release, “The increase in revenue is a direct result of the strategic movement into the CBD markets. The Company has seen the beginning of its construction and grow division in the Fiscal Year numbers, but with a majority of the three contracts scheduled for completion in the current fiscal year, we should see further improvements in these numbers.” He went on to say, “The Company has significantly reduced its overhead cost, and the business is trending in the right direction.”

Please refer to the following to listen to the recorded MCIG Conference call:

 

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mCig(R), Inc. Reports an Increase in Revenue of 1200% to $885,556 for the Most Recent Quarter Compared to Last Year

BEVERLY HILLS, CA–(Marketwired – Dec 17, 2015) – mCig, Inc. (the “Company”) (OTCQB: MCIG), a leading distributor of innovative products, technologies, and services for the global medical and legal recreational cannabis industry, updates investors on financial results.

Here is Quarter Two Highlights:

Revenue increased 1200% to $885,556 for the three months ended October 31, 2015 compared to $73,814 for the three months ended October 31, 2014.

Gross profit increased 266% to $101,676 for the three months ended October 31, 2015 compared to $38,205 for the three months ended October 31, 2014.

Expenses decreased 36% to $522,325 for the three months ended October 31, 2015 compared to $818,833 for the three months ended October 31, 2014.

Net loss decreased 46% to $420,649 for the three months ended October 31, 2015 compared to $780,628 for the three months ended October 31, 2014.

For the three months ended October 31, 2015 compared to the three months ended July 31, 2015

Revenue increased 240% to $885,556 for the three months ended October 31, 2015 compared to $369,093 for the three months ended July 31, 2015.

Expenses decreased 34% to $522,325 for the three months ended October 31, 2015 compared to $790,092 for the three months ended July 31, 2015.

Net loss decreased 37% to $420,649 for the three months ended October 31, 2015 compared to $663,148 for the three months ended July 31, 2015.

“Over the course of the past few months, I have spent ample time speaking and listening to our shareholders, as they expressed their concerns over mCig’s future, direction of the company, and ability to execute on our business plan. I hope the results of this Quarterly report adequately demonstrates our commitment toward business execution, driving revenues, fiscal responsibility, and building shareholder value,” said mCig CEO Paul Rosenberg.

“With three straight Quarters of revenue growth our new business model is indeed working. Our new employee compensation model is now results driven. The Company’s expense reductions continue to improve as the company has transitioned from R&D to full sales. As a result, we continue to drive revenues and reduce expenses,” said Rosenberg.

“It is important to understand, we truly stand out among our peers in the space, in that we prioritize our shareholders, both for mCig, and VitaCig. We will not surrender to toxic financing, or highly dilutive agreements. And will continue to serve the interests of our shareholders. I ask that you continue to allow me to earn your trust, and strengthen shareholder confidence as we enter the New Year.

“I see the model of mCig – VitaCig relationships, very clear:
mCig — centered on our expert Grow Division and our new THC product Division, which will be directly involved with marijuana related products, as well as offering cannabis consulting and technology services.

“VitaCig — which we recently re-launched, will center around its world famous VitaCig product line, as well as its new CBD Division, developing and introducing world class, premium CBD products to market. mCig will continue to provide management and financial support to VitaCig in the near term.

“Vapolution, a wholly owned subsidiary of mCig, will also start sales in the upcoming third quarter.

“In addition: As you well know, last year, mCig announced the development of a new brand, that the company called EM-J. We were successful in launching our EM-J, CBD version. But after many days spent consulting with our legal team, we decided to postpone a launch of the THC based EM-J product.

“In late August, mCig signed a collaborative agreement with NY-based Blanks Inc., a maker of sophisticated and convenient roll-your-own accessories (www.blanksprerolled.com).

“We are now proud to announce that, mCig, in partnership with Blanks Inc., will together establish a brand new THC mCig Division, which will be run by CEO of Blanks, Alex Levitsky. Together, we will bring a new line of THC based products to the markets in Oregon, California, Washington State and Nevada, including a high end Marijuana cigarette line, branded oils, smokable concentrates, and THC infused drinkable supplements. Several of these products are complete, ready to market and start generating significant revenues into the company.

“We are very excited to officially be crossing the green line. For a long time, we promised our existing shareholders an entrance into the THC market, and with a strong team of cannabis experts now in place, that time is now,” said Paul Rosenberg, CEO of mCig.

Our vision is laser focused for 2016: develop and market industry leading products, partner with industry experts, drive revenues, clean up our balance sheet, and continue to build shareholder value. Stay tuned for future updates!

About mCig, Inc.

Headquartered in Beverly Hills, CA, mCig, Inc. (OTCQB: MCIG) is a leading provider of advanced technologies and solutions to the global cannabis industry. mCig manufactures and markets best-selling portable and home vaporizers, extraction related equipment, CBD Rich Hemp Oil-derived products, and related nutraceuticals based on natural compounds found in Cannabis and Hemp plants. The company owns the mCig and Vapolution brands, and has a 47% stake in VitaCig (VTCQ), makers of the VitaStik, a disposable vitamin vaporizer. The company believes that a well-regulated marijuana industry is emerging as more states follow the lead of Alaska, Colorado, Oregon, and Washington in legalizing marijuana. A similar trend is developing within the CBD and Hemp industries following overwhelming consumer demand.

Safe Harbor Statement
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein are based on current expectations, but are subject to a number of risks and uncertainties. The factors that could cause actual future results to differ materially from current expectations include, but are not limited to, risks and uncertainties relating to the Company’s ability to develop, market and sell products based on its technology; the expected benefits and efficacy of the Company’s products and technology; the availability of substantial additional funding for the Company to continue its operations and to conduct research and development, and future product commercialization; and the Company’s business, research, product development, regulatory approval, marketing and distribution plans and strategies.
Contact:
mCig, Inc.
Paul Rosenberg
CEO
paul@mcig.org

0 11143

MCIG Services Cannabis Grower Industry With MCIG CannaPods

BEVERLY HILLS, CA–(Marketwired – Sep 21, 2015) – mCig, Inc. (the “Company”) (OTCQB: MCIG), a leading distributor of innovative products, technologies, and services for the global medical and legal recreational cannabis industry, releases the Powered by MCIG CannaPods 2.0 and 2.0 XL.

Only a few months after the completion of their Master Distributor Deal with CannaPods, MCIG furthers its commitment to the Cannabis growing space with a fully equipped, turnkey “drop and grow” solution starting at just $49,500. MCIG CannaPods can be delivered, ready to grow, in 4-6 weeks. The smallest MCIG CannaPod 2.0 can accommodate 80 plants and generate $100,000 in yearly yields while the fully stocked, two-tier 2.0XL can generate upwards of $400,000 yield based on an estimate of $2,200 per pound. MCIG will have CannaPods on display at industry conferences and various cities throughout 2015 and 2016. MCIG CannaPods are the highest quality and most complete solution in the market, even offering financing and consulting options.

MCIG continues its advantage as one of the premier names in the Cannabis Industry through smart partnering with top brands. The Powered by MCIG CannaPods are constructed using SIP panels, which create a hermetically sealed, mold-free, and sterile clean room environment that is highly insulated and ultra-energy efficient. The interiors are carefully designed and approved by the industry’s leading growing consultants and feature components by top brand names in the business; Cooling by Samsung, Link 4 Environment Control, Black Dog Led lights, Titan Co2 Enrichment Kits, IC Real Time Security System by Security Grade, and much more. Growers can control the growing environment using an IOS or Android smart phone.

“One of the fastest growing segments in the Cannabis Industry is the need for full solution grow equipment, and CannaPods are an affordable and easily installed answer to those needs,” said Paul Rosenberg. “As we were building relationships with growers of all sizes, we recognized that most medicinal and legal recreational states are allowing individual growers to remain players in the space. Partnering with CannaPods through a Master Distributor Agreement allows us to appeal to experienced growers as well as new players in the industry with the MCIG CannaPods 2.0 and 2.0 XL. MCIG also offers various equipment, consulting, and technology for growers to further enhance their investment.”

The MCIG CannaPods 2.0 and 2.0 XL are available starting this week and have already gained traction with smaller, as well as, large growers. (www.MCIGCannaPods.com).

“Equally encouraging is the renewed interest and engagement from clients who expressed interest years ago and are now entering into engineering phases with hard deposits,” adds Filene Lehman, President and CEO of Cannapods. “Everyone is now realizing that the only solution for beginning growers with large visions are modular systems, and by simply adding Pods, the cultivators can increase their facility size as their business expands. We are also proud to announce that in addition to our pre-engineered models and warehouse conversion kits, the Hybrid GreenHouse Black-out Roof is now available furthering our commitment to be on the cutting edge of technology.”

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(click to enlarge)

For more information visit www.MCIGCannaPods.com

About mCig, Inc.
mCig, Inc. (OTCQB: MCIG) is committed to being the leading distributor of technology, products, and services for the global medical and legal recreational cannabis industry. The Company’s Master Distributor sales approach allows MCIG to partner with or acquire best-of-breed companies to serve as exclusive sales representatives, distributing their products through MCIG’s multiple channels and sub-distributors throughout the United States, Europe, United Kingdom, and Asia. MCIG focuses sales efforts on growers, consumers and dispensaries, and provides a complete line of products, technology, and services, including turnkey growing environments; security services; software and information technology; consulting services; financing and more. MCIG maintains its roots by offering top selling CBD Vape lines and CBD products. The company is headquartered in Beverly Hills, California. Follow MCIG on Twitter at @MCIGs.

About CannaPods.
CannaPods is a company dedicated to helping provide a higher industry standard in the Medical Marijuana arena. In mastering the proven technologies and success of large commercial grows for the past two years, CannaPods has launched its pre-engineered “standard” models, and can also be engineered to suit any custom build out. CannaPods also offers “critical climate” equipment, lighting and controls along with the hydroponic equipment.

CannaPods are trackable, compliant; iso clean room growing environments, able to be deployed via a flat pack, to be constructed on site, with no special equipment or tools, or be delivered assembled. Our off grid capabilities are state of the art, and our affordable equipment packages are engineered specifically for our models. CannaPods are structurally engineered for growers to have success with uniformity, standardization and medicinal quality without the use of pesticides or contamination from mold and mildew.

Safe Harbor Statement
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein are based on current expectations, but are subject to a number of risks and uncertainties. The factors that could cause actual future results to differ materially from current expectations include, but are not limited to, risks and uncertainties relating to the Company’s ability to develop, market and sell products based on its technology; the expected benefits and efficacy of the Company’s products and technology; the availability of substantial additional funding for the Company to continue its operations and to conduct research and development, and future product commercialization; and the Company’s business, research, product development, regulatory approval, marketing and distribution plans and strategies.
Contact:

Paul Rosenberg
CEO
paul@mcig.org

 

 

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