In addition, IMO, they're not even managing at all - since it's stated that managing is an "option" that MCIG can execute...
...Hence, the lie? I don't know of any customer who would ever allow a contractor to have an option where the contractor can execute optional services. It's usually the other way around. If GC does a good job to the satisfaction of RH Medical, it's RH Medical who has "the right" to execute optional services from MCIG.
ROTFLMAO That's not a lie! That's your opinion! And it's in contradiction to the facts.
HENDERSON, NV--(Marketwired - Jun 20, 2017) - mCig, Inc., (OTCQB: MCIG), a leading distributor of innovative products, technologies, and services for the global medical cannabis industry is pleased to announce that Grow Contractors (GC) has signed a management contract to staff and manage a 15,000 square foot indoor cultivation facility in Las Vegas, Nevada for R.H. Medical.
MCIG will be providing R.H Medical operational support to the facility, in tandem with Las Vegas and the State of Nevada beginning the rollout of recreational cannabis, voted on and passed on November 8, 2016. GC has brought on an experienced cultivator with a track record of growing high quality THC & CBD products, and with an expert understanding of growing indoors in desert climates.
"As R.H Medical ramps up operations for harvest, GC has the option to manage the entire facility and operation (including sales and delivery) for 6% of gross revenue in addition to its current management fees. MCIG (via Grow Contractors) will be adding such types of revenue streams and arrangements in Nevada, as many cultivators are scrambling for operational support in ramping up for the recreational market," said CEO Paul Rosenberg.
He added, "MCIG's management has a clear strategy on how to increase value for its shareholders. In addition to working on construction projects, we are now offering staffing and management services for grow facilities in an effort to tap into opportunities that we feel MCIG has first-mover advantage in. Our goal is to acquire a medical marijuana cultivation & production license in Nevada and eventually start our own grow operation -- this is still the forefront of our Nevada strategy, and we are very close to achieving this milestone," said Paul Rosenberg, CEO of MCIG, Inc.
"As we have witnessed in Colorado, Nevada, and various recreational marijuana states, cultivation operations are generating several millions of dollars per year and need operational support in order to scale for growth & expansion, positioning GC as a necessity to the industry. I have been building and managing grow facilities for 10 years and have never seen a market as explosive as the one in Las Vegas. Grow Contractors is becoming the most sought after company for grow facilities, design, construction, consulting and management in the cannabis space. While based in Nevada, GC continues to penetrate the market further by establishing its presence in the latest recreational States," says Rob Kressa, CEO of Grow Contractors.
"Grow Contractors has proven themselves not only in being skilled with all aspects of growing and MIP production, they have also been consistently reliable and honest, qualities that will help make this a success," says owner of R.H. Medical. "I look forward to a long and profitable relationship with them, and I am eager to begin branding and promoting our products in what will likely be the hottest cannabis market in America."
Read it again! mCig is currently managing the grow operation. They have the option to add the management of the entire facility including sales and delivery.
