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 VitaCig(R) Brand Reboot

JACKSONVILLE, FL / ACCESSWIRE / August 12, 2019 / mCig, Inc. (MCIG) a leading distributor of innovative products, customized packaging solutions, technologies, and services for the global medical cannabis industry, announces VitaCig division updates. VitaCig® brand was developed, designed and formulated in January 2014 as the first and original vitamin device with a unique inhalation technology. Being over 5 years in the market, VitaCig products are recognizable and popular among consumers in many countries.

4 Hot Penny Stocks That Could See Outsized Gains

Editor's note: This story was previously published in May 2019. It has since been updated and republished.Source: Shutterstock The potential to become wealthy often means investing in an enterprise when it is small and waiting for the entity to grow large. For this reason, many investors are willing to take chances on what they believe to be hot penny stocks. Investors in these stocks often lose everything … but they can also end up earning massive profits from a small amount of investment capital.For example, Booking (NASDAQ:BKNG) (formerly known as traded as low as $1.08 per share in 2001 (albeit before a 1:6 reverse split). BKNG now trades about $1,965 per share. American Tower Corp (NYSE:AMT) fell to 60 cents per share in 2002 following the dot-com crash. AMT now sells for around $205 per share.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Companies I'd Love to See Go Public I cannot guarantee such a comeback for any penny stock of today. The following four stocks, however risky, could be positioned for outsized gains in various industries: Arotech Corporation (ARTX)Source: Year-to-date gain: -27%Arotech Corporation (NASDAQ:ARTX) functions as a defense and security services company. Despite its market cap of just under $50 million, it operates in multiple countries and competes with the likes of General Electric (NYSE:GE) and Honeywell International (NYSE:HON) through its Power Systems division.ARTX also serves as a defense contractor and makes products designed for military, homeland security and law enforcement purposes. Considering the Trump administration's commitment to increase defense spending, Arotech could find itself well-positioned to benefit. GE's struggles with its Power Division could present an opportunity.However, like all hot penny stocks, this play remains speculative. The company earned a profit of 17 cents per share in 2017. Still, profits grew to 19 cents per share in 2018 and are expected to shrink to 14 cents per share in 2019, so this company has struggled with growth. Likewise, its revenues for 2018 stood at $96.6 million. Even though analysts forecast revenues of $97.08 million for 2019, they remain below the 2014 revenues, which were $103.57 million. Arotech was founded in 1990, so the build-up to these revenue levels has been slow.However, the future beyond 2019 looks more promising. For 2020, analysts predict revenues of $112.74 million, a 16.1% increase. They also believe earnings will come in at 23 cents per share, 64.3% higher than 2019 levels. Nobody predicts a return to $334.25 per share, its split-adjusted all-time high from 2000. However, if the company can match levels of predicted growth, its forward price-earnings ratio of about 8.1 will start to appear very low. Chesapeake Energy (CHK)Source: Philadelphia 76ers Via FlickrYTD gain: -24%Oklahoma City-based Chesapeake Energy (NYSE:CHK) is an upstream oil and natural gas producer. As an exploration and production company, times are great when oil prices are high. However, in an environment of low prices, revenue generation becomes a struggle. Chesapeake is the country's second-largest natural gas producer. Consequently, rock-bottom natural gas prices have weighed on CHK stock.CHK stock traded as high as $31 per share in 2013. The oil price slump of 2014-2016 hit its interests hard. By 2016, CHK had become a penny stock. Although it returned to profitability soon after, it acquired Wildhorse Resources to increase its exposure to oil.However, the costs of that deal coupled with rock-bottom natural gas prices have again taken CHK below $2 per share. Long-term debt, which stood at $9.167 billion at the end of Q1, has also diminished confidence in the company. Chesapeake trades at just over $1.60 per share as of the time of this writing. * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk The key to Chesapeake's success hinges on survival. Heightening geopolitical tensions could still increase oil prices. Moreover, new liquefied natural gas (LNG) export terminals continue to come online. This will allow Chesapeake to sell its natural gas in Europe and Asia where LNG fetches significantly higher prices. Further, demand for U.S. natural gas abroad could ease the process of asset sales as the company works through its crushing debt load. If this enables Chesapeake to clean up its balance sheet, the price of CHK stock could see massive gains. mCig (MCIG)YTD gain: -68%Las Vegas-based mCig Inc (OTCMKTS:MCIG) is a marijuana industry holding company. Once limited to vaporizers, it has transformed itself into a full-scale marijuana cultivation construction company. While they had operated only in Nevada, the company landed contracts in California and New York last year.Seeing business come in from across the country shows encouraging signs and could make MCIG one of the top marijuana penny stocks. However, financials also remain sparse. That said, Chairman and CEO Paul Rosenberg took the unusual step of cancelling and returning 30 million shares of common stock that he owned back to the company treasury. This saves the company from having to further dilute the stock to stay afloat. It also signals a longer-term commitment on the part of Mr. Rosenberg.The company saw $1.72 million in revenues in 2016. This grew to $4.78 million in fiscal 2017, and the company made $1.53 million in that fiscal year. The company brought in over $7 million in 2018.The stock enjoys rapidly rising revenues and profits. Still, investors should still treat this as a speculative play. MCIG stock trades around 6 cents per share. It has never traded above $1, though it briefly reached 92 cents per share in 2014. Still, it will need to see more growth before becoming one of the hot penny stocks.The current price stands well above the 5-cents-per-share level where the stock traded for most of 2016. If the company can continue gaining traction, its current $29.5 million market cap could rise much higher. Tuesday Morning Corporation (TUES)Source: Shutterstock YTD gain: -9%Dallas-based Tuesday Morning Corporation (NASDAQ:TUES) has become one of many retailers that have struggled to stay profitable in a changing retail environment. Founded in 1974, the company expanded across the country, operating in 41 states by 2001. During the past few years, the company has been plagued by high turnover in its top management and struggled to remain profitable.Still, the company operates over 700 stores across the U.S., which by itself should make it one of the hot penny stocks. Revenues have been rocky, though. In its latest quarter, both net and comp sales were down more than 5% and margins were up more than 30%. For the upcoming quarter, analysts forecast a 2.1% revenue decline as well as losses widening by 30.4% to 30 cents per share.Given that analysts expect net losses for both the current year and the year after, investors should still treat this stock as speculative. * The 10 Best Index Funds to Buy and Hold Still, a stock price in the $1.63 per share range and a market cap of about $76 million seems low for a company with over 700 stores. Traders should also keep in mind that this stock traded at over $22 per share in late 2014. If management can meet expectations for revenue increases in 2020 and return TUES stock to profitability, those who buy now could enjoy outsized gains from a dramatic comeback.As of this writing, Will Healy is long CHK stock. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Semiconductor Stocks to Buy for Your Inner Geek * 7 Stocks to Buy That Save You Money * 4 Stocks to Sell Now The post 4 Hot Penny Stocks That Could See Outsized Gains appeared first on InvestorPlace.

MCIG, Inc. CEO To Cancel and Return 30 Million Shares of His Common Stock

JACKSONVILLE, FL / ACCESSWIRE / July 16, 2019 / mCig, Inc. (MCIG) a leading distributor of innovative products, customized packaging solutions, technologies, and services for the global medical cannabis industry, announced today that its Chairman and CEO, Paul Rosenberg, is canceling 30 million shares of his own common stock and return the shares to the company treasury. The return of these shares demonstrates management's desire to maintain a capital structure that supports growth without resorting to the increasing of our authorized shares. Headquartered in Jacksonville, Florida, mCig, Inc. (MCIG) is a diversified company servicing the legal cannabis, hemp and CBD markets via its lifestyle brands.

mCig Inc. Appoints Mike W. Aertker as Co-CEO

JACKSONVILLE, FL / ACCESSWIRE / July 9, 2019 / 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 appointed Mike W. Aertker as Co-Chief Executive Officer, effective immediately. Mr. Aertker is a biomedical engineer with nearly 30 years’ experience in biomedical research, laboratory construction, mobile/modular facility construction, biocontainment operations and public/community relations. Mr. Aertker has worked both in academia and private industry in positions where he has been responsible for leading complex and highly regulated operations, technical design challenges and international business development.

mCig Amare’s New Cannabis Grow Lights Outperform the Competition

Independent Comparison Reports Show at Least 20% Greater Photosynthetic Photon Flux Density (PPFD) Jacksonville, FL, June 25, 2019 -- via NEWMEDIAWIRE -- mCig, Inc..