Not Necessarily "Signed" could just be a bid/offer for the land.
It doesn't say that the land owner has sold
(past tense) the land to MCIG. There could be multiple bidders. Why didn't they include the price
of the land? For all we know, it could have been rejected by the land owner.
If it said that it was purchased
(past tense) I'd be optimistic. But MCIG intentionally misleads people like this all the time. How many times have they said they are "finilazing", "Completing", "drafting", "initiating"....and so on. 100's of times. Look at the Paris Group tweet, where they were a "customer"....then changed their mind and said it was merely a "bid".
MCIG has been baiting MJ/THC since 2015.
And, "initiated" license application process can mean anything. MCIG has played word games before. It could just mean they're thinking about it. RFLMAO
LAS VEGAS, NV--(Marketwired - Oct 5, 2017) - mCig Inc., (OTCQB: MCIG), a leading distributor of innovative products, technologies, and services for the global recreational and medical cannabis industry is pleased to announce that the company has signed an agreement to purchase land in Kern County, California, expanding its asset base in preparation for California's January 1, 2018 "Green Rush."
Paul Rosenberg, CEO of mCig Inc., commented, "California is a major emerging market for legal cannabis consumption, with adult-use sales expected to begin in 2018. We were looking for the right deal that makes sense for the company and its shareholders, and it took us quite a few months, but we have finally taken the first step in establishing a vertically integrated cannabis-focused agriculture company. The company has since initiated the licensing process and application for cultivation/production/distribution licenses."