mCig, Inc. (MCIG)

mcigmCig, Inc. is a technology company that focuses on the development, manufacture, and distribution of portable vaporizers such as mCig 2.0, VitaCig, Vapolution 2.0, and other vaporizing products. The company, formerly known as LifeTech Industries, Inc., was founded in 2010 and changed its name to mCig, Inc. in August 2013.

As more states are currently following the lead of Colorado and Washington in legalizing marijuana, the Washington-based mCig, Inc. firmly believes that the well-regulated marijuana industry is emerging. A similar trend is developing within the electronic vaporizing cigarette (eCig) industry. Analysts estimate that the sales of electronic cigarettes may rise to $10 billion over the next 3 years from $1 billion in 2013.

After recognizing the opportunity in the rapidly-growing legal marijuana industry, mCig, Inc. developed a consumer product that would solve a gap in the market right at the intersection of marijuana legalization trend and increased eCig usage trend.

Utilizing its extensive experience in the field of vaporization and water filtration, mCig, Inc. engineered and designed the mCig, which is a consumer device modeled after the electronic cigarette. Unlike traditional eCigs, however, mCig was created for heating of a variety of loose leaf herbs. This design is opposed to the traditional eCigs that are typically pre-packaged with vapor or plant materials. Basically, mCig allows the consumption of plant materials preferred by consumers.

The innovative design utilized by mCig, Inc. positions the company to be the leading device for the consumption of tobacco and other herbs, including legalized marijuana. Through the company’s wholly owned subsidiary VitaCig, mCig, Inc. has harnessed the technology of vaporization for medical application.

mCig, Inc., trading in the OTC market under the stock symbol MCIG, aims to create shareholder value by making the mCig a leading choice for electronic consumption of plant materials, oils, and waxes.


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Latest Financial News for MCIG

mCig Inc. Announces Strategic Shift to Fully Focus on CBD Consumer Products Division and Healthcare Division

JACKSONVILLE, FL, Dec. 12, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- mCig, Inc. (MCIG), a vertically integrated company focused on the development and commercialization of OTC, science-driven, botanical nutrigenetics that target the endocannabinoid system, and Bareroots RX Inc. are expanding their activities collectively in the production and development of lifestyle improvement and health care enhancing CBD (cannabinoid) based products.

MCIG Inc. Updates Shareholders on CBD-Based Strategy

JACKSONVILLE, FL, Nov. 25, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- mCig, Inc. (MCIG), a company focusing on the marketing, sale, and distribution of CBD products, is pleased to announce that it has entered into a binding letter of intent ("LOI") to create a joint venture with Bare Roots Rx LLC., a leading supplier of high quality, organic botanical CBD products. Under terms of this agreement, mCig will own 51% of the joint venture in exchange for marketing support, new sales channels, technical support and much needed equipment. Bare Roots Rx has current revenue of approximately $1M and pending orders for 2020 far in excess of current levels.

mCig Signs Letter of Intent with MVP Holdings & Native Leaf Supply Company for Joint Venture in Oklahoma

JACKSONVILLE, FL, Nov. 20, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- mCig, Inc. (MCIG), a leading distributor of innovative products, customized packaging solutions, technologies, and services for the global medical cannabis industry, today announced that the company's board of directors has signed a letter of intent with MVP Holdings and Native Leaf Supply Company to create a joint venture where mCig, Inc. will own a minority share of cultivation, manufacturing, distribution and dispensary licenses held by MVP Holdings & Native Leaf Supply in the state of Oklahoma. This agreement will pave the way for mCig, Inc. to enter one of the fastest growing legal medicinal cannabis markets in the US.

MCIG to Exhibit at MJBizCon in Las Vegas, Nevada

JACKSONVILLE, FL, Oct. 14, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – mCig, Inc. (MCIG) a leading distributor of innovative products, customized packaging solutions, technologies, and services for the global medical cannabis industry, is pleased to announce today the Company will exhibit at MJBizCon on  December 11-13, 2019 in Las Vegas, Nevada. The show will provide the Company with the opportunity to further showcase its products, including the CannaPure Ozone unit and innovative LED commercial lights specifically tailored for the cannabis industry. The MJBizCon show is a unique chance for the Company to network with industry executives, learn more about trends in the marketplace, and connect with companies that have similar goals.

mCig Updates Shareholders on Filing Status

JACKSONVILLE, FL / ACCESSWIRE / October 10, 2019 / MCIG, Inc. (OTC PINK:MCIG) a leading distributor of innovative products, customized packaging solutions, technologies, and services for the global medical cannabis industry, is pleased to announce the following corporate update on a status of filing Form 10K for the year ended April 20, 2019 and the first quarter 10Q for the quarter ending July 31, 2019. In addition, MCIG is updating our shareholders on the status of OBITX trading on the OTC Markets. Mr. Paul Rosenberg, the Company's Principal Executive Officer, commented: "I am happy to announce we have made good progress with our new auditors in completing the form 10K and 10Q financial filings which will return MCIG's status to current on OTC Markets.