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.


Yahoo! Finance: MCIG News

Latest Financial News for MCIG

mCig and BRRx Clinical Inc. Announce First of Several CBD Enhanced Medical Foods for Treatment of Shingles, Herpes, and Liver Disease

JACKSONVILLE, FL, Jan. 23, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – mCig, Inc. (MCIG), vertically integrated company focused on the development and commercialization of OTC, science-driven, botanical nutrigenetics targeting the endocannabinoid system today announced that the nutraceutical joint venture of the Company and BRRx Clinical Inc. is set to move forward with an LOI to supply a national independent compounding pharmacy network.

mCig, Inc. Subsidiary, BareRoots Rx Inc., Organic CBD Manufacturer, Signs a Co-branding Contract with the Tucson Sugar Skulls of The Indoor Football League Of America

JACKSONVILLE, FL, Jan. 21, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – mCig, Inc. (MCIG), a vertically integrated company focused on the development and commercialization of over the counter, science-driven, botanical nutrigenetics, that target the endocannabinoid system, announces today that the company’s subsidiary, BareRoots Rx, is launching the Co-branding deal with the Tucson Sugar Skulls of the IFL as their exclusive CBD sports partner. The Tucson SugarSkulls (an IFL Franchise) brings a captive audience of more than 3.5 million fans nationally, and over 900,000 fans native to the Tucson area.

mCig, Inc. Consumer Division (BareRoots) Receives Purchase Order for 10,000 Monthly Boxes of the Company’s Proprietary CBD-Based Products

JACKSONVILLE, FL, Jan. 17, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- mCig, Inc. (MCIG), vertically integrated company focused on the development and commercialization of over the counter, science-driven, botanical nutrigenetics that target the endocannabinoid system, today announced that the company’s CBD consumer division has agreements to commence this quarter. MCIG Inc. subsidiary, BareRoots Rx Inc., the consumer products division, has entered into an agreement to distribute 10,000 monthly boxes of the COMPANY’S PROPRIETARY CBD-BASED PRODUCTS to select tribal communities. The company anticipates revenue of approximately $1.1 Mil in its first year of operation under the agreement.

mCig, Inc. Subsidiary BareRoots Announces Updated Branding Strategy and Website to Expand Consumer Reach

JACKSONVILLE, FL, Jan. 13, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – mCig, Inc. (MCIG) today announced that its subsidiary BareRoots has launched a completely redesigned website (www.bareroots-rx.com) and the rebranding of its globally recognized hemp-derived cannabidiol (CBD) products. Through the recently created consumer-driven website, the Company hopes that it's visitors, customers, and consumers will find the website much easier to use. The navigation has been designed to be much simple, products become very easy to access, and add to cart and a well educative CBD section has been added to match consumer’s lifestyle.

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.