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mCig Inc (OTCMKTS:MCIG) Making A Comeback

mCig Inc (OTCMKTS:MCIG) Making A Comeback
Written by
Alex Carlson
Published on
March 22, 2016
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InsidrFinancial

So far, 2016 has been much better for shareholders of mCig Inc (OTCMKTS:MCIG) than 2015. There are a number of factors driving this optimism. Most importantly, investors look to have finally gotten over the hangover from the pot stock crash of 2014 and are looking to take advantage of the coming Green Rush 2.0, which looks to be starting this year.Roughly 14 states could legalize marijuana this year, adult-use cannabis or possibly both, either at the ballot box or through state legislatures. While it’s doubtful all those states will be successful, there’s a good chance at least a handful will legalize in 2016. No other single year has offered such incredible promise in terms of the sheer volume of states that could legalize, thanks to other pioneering marijuana markets and growing support for cannabis in general.mCig is positioned to benefit as a leading provider of advanced technologies and solutions to the global cannabis industry. mCig manufactures and markets best-selling portable and home vaporizers, extraction related equipment, CBD Rich Hemp Oil-derived products, and related nutraceuticals based on natural compounds found in Cannabis and Hemp plants. The company owns the mCig and Vapolution brands, and has a 47% stake in VitaCig Inc (OTCMKTS:VTCQ), makers of the VitaStik, a disposable vitamin vaporizer.Helping to drive sales is new products. mCig just unveiled its own branded CBD Vape pen and e-liquid that were developed in house. The new product, Kavva Vape, is an e-liquid that combines the healing powers of CBD hemp oil and Kava extract. Kava is used effectively to reduce anxiety, depression, and insomnia and promotes clear thinking, calmness, relaxed muscles, and a sense of well-being. Kavva Vape is available to order now in prefilled 1 ml tanks and comes in two flavors: Mint and Cool Citrus. Kavva Vape will be priced at $24.95 for a 1ml tank or $34.95 in combination with the new mCig CBD Vape pen.mCig also just began to distribute another new product, Naturally Flavored High Grade CBD E-Juice, developed by VitaCig. The two vape oils or e-juices contain a perfected blend of CBD-rich hemp oil and natural flavorings. These new products and other mCig branded accessories are sold online or through affiliate websites and select brick and mortar locations.In February, mCig secured its first Washington State large scale contract to build a new cultivation facility in Grant County. Full deposits were received to start a $100,000 phase 1, with a near term phase 2 build out valued at $550,000. Evolution Design Concepts LLC., or EDC, has a unique strategy of buying land and leasing it to individual growers. EDC will subdivide their 21-acre plot of land into 11 separate parcels which could value the total build at later phases at $2,400,000.00. Notably, they are also under contract for another 25-acre plot since 5 of the 11 initial plots are leased out to individual cultivators already.Earlier this month, mCig entered into an agreement to develop for Players Network subsidiary Green Leaf Farms, a large scale 26,000 sq. ft. cultivation and production facility in North Las Vegas, Nevada. Green Leaf has made a deposit for the design and build out of a phased out plan designed to grow with the Nevada Medical Marijuana market. Nevada is a key market for the cannabis industry as the state will recognize the medical status of non-residents. With 40 million tourist arrivals to Las Vegas each year and more than 30% of those coming from California where medical marijuana is legal, you have the potential for Las Vegas to become the “Amsterdam of America.” Furthermore, recreational marijuana use will be on the Nevada ballot box come November.Currently trading at a $14 million market, mCig has a 47% stake in VitaCig Inc, which has a $5.9 million market cap. While the company began by capitalizing on the vape market, it has since moved beyond vaporizers to expand into environmental grow construction and touching on different aspects of medicinal Cannabis and its lifecycle. Overall, we think this new bull run in shares of mCig is just getting started and better days are ahead for the company and its shareholders. We will be updating Insider Financial as soon as we know more. For continuing coverage on MCIG, sign up for our free newsletter today and get our next hot stock pick!Disclosure: We have no position in MCIG and have not been compensated for this article.

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