$MCIG Cannabis & CBD’s Revenue Net Positive

Get the financial details for the recent quarter at MCIG in the full report READ HERE

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MCIG has reached an important inflection point of controlled expenses, improved off take, and overall profitability. It has signed minimum order quantity contracts with its overseas partners, which is expected to provide medium term revenue visibility. Also, the company’s profit margin on product sales has improved to roughly 20% of internet sales and 28% of wholesale. Improved profitability coupled with initial revenues from construction, has finally led to a profitable quarter in October for MCIG.

MCIG reported better than expected results in all three operating segments i.e. construction, wholesale, and retail. Its construction division emerged as the most profitable one and the wholesale e-Cig and CBD segment continues to remain profitable and are presently positioned well in international & US markets. Over the years, MCIG has established itself in growing the Cannabis market and have become 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 our full report we discuss the MCIG business model in detail READ HERE

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