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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