Tags Posts tagged with "mcig"

mcig

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Marijuana-Stocks-Money Nug

Recreational marijuana has been an especially hot topic in the United States after Nevada became the fifth state to have a legal program on July 1st.

Companies levered to the Nevada marijuana market have benefited greatly from this and we want to highlight 2 companies levered to this opportunity.

• mCig (MCIG) issued a shareholder update last week and reported that its Grow Contractors division will shatter its previous record revenue numbers after it took on cultivation management contracts and delivered on its plan for cultivation and production ownership. Grow Contractors has a proven track record of success in Nevada and the boom in the state has led to an influx of requests for work. We are favorable on the company’s diverse operating structure, attractive debt-free balance sheet, its improving fundamentals, and its growth prospects, especially in Nevada and California.

• Terra Tech (TRTC) is one of the best-known marijuana stocks and the company has benefited the combination of its leverage to the Nevada market and its investor awareness. While we are favorable on the company’s brand recognition, we are cautious with the shares due to Terra Tech’s financial structure which is dilutive in nature. The company has tried to raise capital through private placements but has not been successful. Terra Tech has only been able to raise capital by issuing and selling stock and this is not a shareholder friendly way to raise money. We would become more favorable on the firm if it sold off one of its subsidiaries (Edible Gardens) to support its cannabis related capital needs.

 

 

Pursuant to an agreement between MAPH and mCig Inc. (MCIG), we were hired for a period beginning 7/1/2017 – 12/1/2017 to publicly disseminate information about (MCIG), including on the Website and other media including Facebook and Twitter. We are being paid 3 million common restricted shares of mCig, Inc. by mCig, Inc.  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.

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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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$VPRB Brands HONEYSTICK and Gold Nugget Extracts Will Be Teaming Up

VPR Brands, LP ( OTC PINK : VPRB ) and Gold Nugget extracts will be teaming up for the High Times Cannabis Cup So-Cal April 21-23. Gold Nugget Extracts will officially be powered by our flagship vaporizer the HONEYSTICK. Our Vaporizers will be paired with Gold Nugget top shelf extracts in various categories under jointly branded units. The VPR Brands HONEYSTICK team will also be sharing sales and marketing booth with Gold Nugget Extracts at the event targeting both vendors & retail consumers.


Click Here Now To Read Full PR


$MCIG Grow Contractors Launches Greenhouse Website Portal


Grow Contractors, Inc., (GC) a wholly owned subsidiary of mCig, Inc. ( OTCQB : MCIG ), a diversified company servicing the legal Cannabis, Hemp, and CBD markets, launched its new greenhouse website at www.growcontractors.org/greenhouses/

Rob Kressa, GC’s CEO, stated, “The new open disclosure standard for the greenhouse selling portal is just the first step in our progression to becoming the nation’s largest greenhouse supplier in the cannabis grow and herbal farming markets. Since we announced our exclusive agreement with Sangreen for distribution of greenhouses at half the cost of the current market price, we have spent the past few months perfecting the design and supply lines.”


Click Here Now To Read Full PR


$ADVT Gets Largest Order to Date from SpeedWeed

ADVANTIS CORPORATION ( OTC PINK : ADVT ) announced today that SpeedWeed, California’s largest Collective, placed what has become for Advantis, their largest order to date. Advantis further announced, among other positive news, that their 1st quarter revenues are up 300% from the previous quarter. Advantis also announced that they received their first order from Arsenal, a large collective in San Diego. According to Advantis CEO Christopher Swartz, “This new technically-driven collective has placed its initial order and will begin carrying our entire product line next week.”


Click Here Now To Read Full PR


Virginia Moves Forward In Marijuana Reform, Decriminalizing CBD

Two marijuana reform bills were recently signed by Virginia Governor Terry McAuliffe (D), ending the state’s automatic six-month driver’s license suspension for first time possession offenders and allowing the production of CBD oil. This may look like a couple drops in a raging storm of national decriminalization, but NORML Executive Director, Erik Altieri, said it’s a huge accomplishment.


Click Here Now To Read Full Article


Pursuant to an agreement between MAPH and VPRBrands, we were hired for a period of 90 days to publicly disseminate information about (VPRB) including on the Website and other media including Facebook and Twitter. We are being paid $45,000 (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. We may buy or sell additional shares of (VPRB) in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information. Unsubscribe | To contact us please reply to this email | PLEASE READ OUR FULL PRIVACY POLICY & TERMS OF USE & DISCLAIMER

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mCig, Inc. Reports an Increase in Revenue of 446% to $1,362,689 for the Most Recent Quarter Compared to Last Year

Three months ended January 31, 2017 compared to the three months ended January 31, 2016

  • Revenue increased 446% to $1,362,689 compared to $249,641
  • Gross profit increased 239% to $288,230 compared to $85,076
  • Expenses decreased 27% to $97,052 compared to $133,236
  • Cash and cash equivalents increased 422% to $420,888 compared to $80,542
  • Current assets increased 1,241% to $1,259,689 compared to $93,930

Three months ended January 31, 2017 compared to the three months ended October 31, 2016

  • Revenue increased 120% to $1,362,689 compared to $620,015
  • Gross profit increased 31% to $288,230 compared to $220,151
  • Expenses decreased 63% to $97,052 compared to $262,437
  • Cash and cash equivalents increased 47% to $420,888 compared to $285,812
  • Current assets increased 116% to $1,259,689 compared to $583,695

Subsequent actions during this quarter

  • VitaCig experiences its best month in its history exceeding all of last quarter’s revenue numbers for its segment
  • MCIG enters into joint venture for expansion of its VITACBD brand.
  • MCIG expands operations to include new cannabis supplies segment
  • Grow Contractors expands operation to include Oregon, where it is constructing a new facility.
  • MCIG completes its first construction project and awaiting clients Certificate of Occupancy

MCIG will address its financial performance in the quarterly shareholder conference call tomorrow, March 7, 2017 at 4:30 PM ET. To participate in the conference call shareholders and investors may call in to 712-451-0011 and enter access code 889964.

Paul Rosenberg, MCIG’s Chief Executive Officer included, “We encourage everyone to join our team of industry experts as we discuss MCIG’s history and future. We look forward to updating our shareholders on MCIG operations.”

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 expanded from originally a vaporizer manufacturer, to an industry leading, large scale, full service cannabis cultivation construction company currently operating in the rapidly expanding Nevada market, and a Hemp based CBD market supplier. The company looks to further broaden its expansion in multiple different fields within the cannabis industry through organic growth and strategic partnerships. 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 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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Entry into a Material Definitive Agreement, Financial Statements and Exhibits

ITEM 1.01 Entry Into a Material Definitive Agreement
The Company has cancelled 5,124,923 shares of common stock of the company, under 4 separate agreements.

On January 17, 2017 the Company returned to treasury 1,700,000 shares of common stock under a settlement agreement with the previous owners of Vapolution, Inc., (“Vapolution”). MCIG elected to close the operation as a standalone entity and terminate its cost basis investment. The Company will continue selling the Vapolution brand products under MCIG.

On January 31, 2017, in settlement of services provided, the Company cancelled 2,560,336 shares of common stock by two shareholders who obtained the stock as stock based compensation. The company recorded a reduction of stock based compensation based upon the issue price (cost basis), not current market price. The cost basis of the agreements was $47,472.

On February 13, 2017, in settlement of services provided, the Company cancelled 964,587 shares of common stock by a shareholder who obtained the stock as stock based compensation. The company recorded a reduction of stock based compensation based upon the issue price (cost basis), not current market price. The cost basis of the agreements was $36,000.

ITEM 9.01 Financial Statements and Exhibits.
Exhibit No. Description

10.1 Form of Rescission Agreement and Mutual Release

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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.”

“We made a firm commitment to our employees, partners and shareholders that we would focus on executing our business plan with the guiding principle of enhancing shareholder value through profitable revenue growth and diligent oversight of our capital structure,” added Paul Rosenberg, CEO of MCIG. “We will continue to evaluate our stock capital structure to increase shareholder value. It is our team’s primary objective to add value to current and future shareholders through actions reflecting appropriate fiduciary responsibility,” concluded Rosenberg.

In a separate matter, MCIG received a proposal from several shareholders to create a new series of Preferred B Stock to convert their common shares with a 24 month lock-up agreement. MCIG is happy to see that multiple shareholders believe in the MCIG management team and its implemented business strategies, and are prepared to invest in MCIG on a long term basis. MCIG’s board of directors is analyzing the proposal, and if the board of directors concurs with shareholder group, the capital structure of the company will be substantially improved. The Company will update our shareholders on the board of directors’ decision and the outcome of the transaction.

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 Division Expands International Market

Fresh off the heels of closing a $1.3M three-year contract for Japan, the VitaCig Division has closed yet again another lucrative international contract, this time for the European Union, including Russia.

CEO Paul Rosenberg comments, “I am extremely pleased to announce our agreement with Mr. Jozsef Fuzesi, CEO of Nefeloma Trade LTD for the distribution and sale of our premier VitaCig line of products in both Europe and Russia. Focusing on international expansion is a key path for long term growth and success.”

New VitaCig International Partner, Mr. Jozsef Fuzesi, comments, “I am extremely excited about the new partnership with mCig and VitaCig, the maker of the original Vitamin Vaporizer. I am honored to have the ability to offer a healthier alternative to tar and tobacco based products, and taking into consideration the overwhelming initial interest, we are looking forward to a very lucrative partnership.”

With this contract, mCig continues to add to its IP and asset portfolio with VitaCig mark now protected in Europe and Russia.

Lastly mCig/VitaCig is pleased to announce the launch of its VitaCig® Excalibur Rechargeable Capsule System. Delivering the next generation of VitaCig inhalation science and technology, the VitaCig® Excalibur features a unique, advanced twist on pre-filled capsule design. Producing an even smoother, rich, dense vapor than its disposable counterpart, along with its sleek, classy design, the VitaCig® Excalibur is the perfect extended pleasure at home, on the go, or with some friends. The VitaCig® Excalibur kit comes with the battery bottom, two pre-filled capsules, one Marvelous Mint, one Boisterous Berry, and an innovative chargeable USB Adapter. The pre-filled flavor capsule liquid is enriched with all the vitamins, essential oils, and natural plant extracts associated with the VitaCig® disposable device. Aromatherapy on the go!

The VitaCig® Excalibur advanced capsule system was created to appeal not just to the beginner vape/e-cig user, as with our VitaCig® disposable product, but also to the moderate user who prefers more of the open tank vaporizers. Keeping with innovation and convenience, our tank capsule system are pre-filled, so there is no mess or waste.

In addition to the VitaCig® Excalibur, with the Holiday shopping season in full swing, VitaCig has also released its Candy Cane — Special Holiday Limited Edition VitaCig®. Both the VitaCig® Excalibur and our new VitaCig® Candy Cane Holiday Edition make for the perfect gift or stocking stuffer. For more information visit http://www.vitacig.org/

Stay tuned for future updates!

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., (OTCMKTS:MCIG), a diversified company servicing the legal cannabis, hemp, and CBD markets announced today it elected to convert its Convertible Promissory Note into shares of Omni Health, Inc., (OMHE) as of October 31, 2016. The outstanding balance owed, $98,108, including interest, were converted into just over 17,677,058 shares, increasing its current position to more than 75,177,058 shares.

“MCIG had been approached by many companies that wanted VTCQ and we wanted the best deal possible for MCIG and its shareholders. We kept the brands we helped create (Vita-cig), kept a sizeable share position, and made a deal with a company that is doing 7 figures in revenue a quarter,” said Paul Rosenburg CEO of MCIG, Inc. The significance of the Omni Health, Inc., (OMHE) deal for MCIG shareholders is the passive investment by MCIG will derive a future cash position for MCIG and MCIG shareholders. At a $0.02 PPS of OMHE our investment is worth roughly $1.5 million; however the current valuation is based upon the previous VTCQ business and its net losses, while OMHE has just stated a net profit of $1.6M in its first quarter which will significantly enhance our investment once all information is made public and digested in the market. With $1.6M net profit reported in its first quarter, dividend holders in the old VTCQ now have significantly more revenue stream and profit stream than the previous assets which were taken back into MCIG, mainly the VitaCig product line.

As a shareholder of OMHE we are happy to unlock value for our shareholders by developing great streams of revenues and incubating great businesses like Scalable. Each business division has its own time and growth, and our time now will focus on our other divisions now that VTCQ is in good hands with a strong management team to guide our ownership.

OMHE will be engaging in its own public relations program to unlock the value for its shareholders, and operate completely autonomous with MCIG. Michael Hawkins has been leading the transition of power team with OMHE to assist new management in a smooth progression from a private operation for more than 40 years to one of a public entity. Mr. Hawkins will be relinquishing his role as the Chief Executive Officer during this period of transition as it is winding down to new management as a natural progression to autonomy.

About mCig, Inc.
Headquartered in Henderson, Nevada, mCig Inc. (OTCMKTS: 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.

About Omni Health, Inc.
Headquartered in Miami, Florida, Omni Health Inc. operates a pharmacy operation in Hialeah, Florida, Malecon Pharmacy. Malecon Pharmacy has been a pillar of the local community since 1974 providing healthcare products, pharmacy operations, prescription drugs, and other services and products in the skin care and anti-aging industry.

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.
Contact:

Paul Rosenberg
Attn: Chief Executive Officer
info@mcig.org

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mCig Subsidiary, Scalable Solutions Chosen As The Exclusive Distributor For Sangreen Green Houses

Greenhouse technology is one of the most “in demand” portions of the sector as they relate to the cannabis and urban farming industries due to their low cost structure and operations. Currently, Cultivators are forced to use high priced greenhouse manufactures, where companies are paying a premium based off of name recognition from firms utilizing the same hot dipped galvanized steel from China or aluminum structures. Rather than pay the premium on a US name mark up, Scalable Solutions & Sangreen will circumvent the middleman while creating the highest quality, lower cost greenhouse that cultivators desire.

“We feel that our exclusive agreement with this world renowned multinational greenhouse manufacture will be great for our industries bottom line as price gauging for the Cannabis greenhouse market becomes a thing of the past. The confidence that Sangreen has shown in honoring MCIG & its Scalable Solutions division with this important contract, is a true testament to the impact we are having in the Cannabis construction cultivation markets. This agreement puts the company into a position to rapidly gain market share as Sangreens United States arm,” said Ron Sassano of Scalable Solutions.

“We could not be more proud of our Scalable division. This is a first in Cannabis industry to sign such an important multinational contract with the premier maker of Greenhouses in the World,” states Paul Rosenberg, CEO of MCIG, on behalf of Scalable. “We will be supporting this effort by creating 3 models of offerings for the Cannabis industry and dedicating resources to the success of this venture. Greenhouses are the hottest trend in the industry with the two largest US GreenHouse manufacturers being consolidated with a Third. We will price the offering at a discount to other manufacturers, and we will be providing high quality hot dipped galvanized steel with sealed joints, commensurate with top standards.”

“Expanding into the growing USA Cannabis market through Scalable Solutions is a strategic move designed to penetrate the current market with a company we feel will be an industry leader, and lead us in this market. This agreement gives us a competitive advantage in the US Cannabis market, thus bringing affordability and quality product to the robust growing markets of the USA,” says Spring Zhu, the General Manager for North America of Sangreen. “We have already received one large order from Scalable for the largest and most advanced desert grow in Vegas and are working on a clear and fair standardized offering to streamline bids to consumers and reduce the work load given Scalable’s deal flow, and the many other bid requests we have received to date from them.”

About Scalable Solutions, LLC

Headquartered in Henderson, Nevada, Scalable Solutions, Inc. is dedicated to servicing the Cannabis industry as a leading large scale Cannabis cultivation construction company and consultant. The company provides full planning, design, construction, equipment, and consulting services for large scale grows.

About Beijing Sangreen Agricultural International Technologies Co., LTD

As a professional greenhouse manufacturer and exporter to almost 40 countries around the world, Sangreen (http://www.sangreentech.com) provides services of greenhouse design, production, and installation. Adding further value, Sangreen offers project consultancy, production suggestions, hydroponic technologies, and turnkey solutions to help customers maximize production and guarantee high yields. The comprehensive services and solutions have made Sangreen a key player in this sector.

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 non-GAAP disclosures, Adjusted Net Income and EBIDTA. 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 Adjusted Net Income and EBIDTA as a measure of operating performance. Adjusted Net Income and EBIDTA should not be considered as a substitute for net income.

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