This announcement should help CAFS attract growers and dispensaries...
mCig, Inc. Extraction Division Update
BEVERLY HILLS, CA--(Marketwired - Apr 1, 2015) - mCig, Inc. (OTCQB: MCIG), a leading provider of technologies and services for the cannabis industry, is pleased to announce a roadmap of products and services available through its recently formed Extractions Division. The company is currently working on the flagship mCig SuperCritical CO2 processing unit. Beyond this, mCig, Inc. plans on catering to the specific needs of the ever emerging recreational marijuana (RMJ) and medical marijuana (MMJ) marketers and processors.
mCig Chief Research and Development Officer Mike Snody has extensive experience in this space through his 25 years with Exxon Co. USA, building offshore platforms, pressure vessels, pipelines, and refineries throughout the US, Russia, Mexico, and Japan. We have assembled a winning team of industry experts, veteran engineers, nuclear qualified welders, and skilled technicians. mCig, Inc. will develop, manufacture, and sell a full line of high-performance, commercial scale, industrial-grade SuperCritical CO2 extractors. This type of equipment utilizes CO2 as a solvent, which is superior because it is non-flammable and non-toxic, mitigating negative environmental impacts as well as several safety concerns that have been associated with hydrocarbon-based extractions.
Mike Snody's Extraction Division will operate through Addax SuperCritical, which not only plans on releasing CO2 extractors, but will also be diversifying into varying hydrocarbon-based extractors, hybrid extractors, custom vessels, and fractionation. mCig, Inc. plans to unite the Extraction Division and Construction and Engineering Division to integrate custom-built extractors to meet the demands of our clients by providing both industry standard-setting safety and cleanliness protocols and facilities that operate within state and federal guidelines posed on other industries operating in similar spaces.
"Anyone familiar with the sector and space knows that the oil and gas industry were instrumental for the development of this technology. My career highlights include AWS CWI, AWS CWE, API 653, API 570, and NACE Level 1 inspector. I know the ins and outs of this technology and am proud to implement my expertise in the cannabis sector along with other potential industry applications such as dry cleaning, hops, tobacco, coffee, laboratory testing, and food flavor extractions," explained Mr. Snody.
mCig, Inc. and Addax SuperCritical are also finalizing designs for tabletop extraction processors and has opted for a solvent-less method due to safety concerns that have arisen in RMJ and MMJ legal states across the country. While the demand for this type of product is exponential with ever-expanding and new reaching markets, consumer safety is our utmost priority.
"mCig, Inc. will be at the forefront of the extraction systems market, whether it is a custom-built $500,000 industrial unit contract or a tabletop extraction unit for an individual growing their own plants. Our team of experts has positioned the company to be a leader in the extraction space as well as created jobs in the cannabis industry for the American worker while providing top notch products to the consumer and the industry," stated Paul Rosenberg, mCig Inc. CEO.
About mCig, Inc.
Headquartered in Beverly Hills, CA, mCig, Inc. (OTCQB: MCIG) is 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 (VTCQ), makers of the VitaStik, a disposable vitamin vaporizer. The company believes that a well-regulated marijuana industry is emerging as more states follow the lead of Alaska, Colorado, Oregon, and Washington in legalizing marijuana. A similar trend is developing within the CBD and Hemp industries following overwhelming consumer demand.
Safe Harbor Statement
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein are based on current expectations, but are subject to a number of risks and uncertainties. The factors that could cause actual future results to differ materially from current expectations include, but are not limited to, risks and uncertainties relating to the Company's ability to develop, market and sell products based on its technology; the expected benefits and efficacy of the Company's products and technology; the availability of substantial additional funding for the Company to continue its operations and to conduct research and development, and future product commercialization; and the Company's business, research, product development, regulatory approval, marketing and distribution plans and strategies.
