Bots Inc (BTZI)

[lesgetrich]

If they get their manufacturing/production operation going they could process and distribute plants from other growers and produce their own product brands long before their first Cal City crop comes in. Keep in mind that they are also working with three other California cultivators and their supply division has extensive dispensary customers and contacts in the state. The distribution license allows them to transport products and plants between facilities and to dispensaries...

mCig’s Subsidiary, Grow Contractors Inc., Announces it has Secured an Exclusive Management Contract in Sacramento, CA, Paving the Way to an Expanded Presence in the State

GC has provided consulting, engineering and design work for the production and extraction facility, which is projected to generate between 10 to 12 million a year, with 10 percent of net profits going to Grow Contractors monthly....This contract alone has already generated 200k in revenues for the company this current financial quarter.

“This facility is the third in our plan to create a network of manufacturers and cultivators that are able to produce better product at a more competitive price,” commented Rob Kressa, CEO of Grow Contractors Inc. “We are incredibly busy getting our clients online, but the end result will be an unstoppable group of extraction labs and cultivators that are united in creating products such as distillate and other extracts. The facilities will be able to complement each other and work together when it comes to filling large orders in the California recreational market. We will mostly focus on white-labeling products for other brands, but there are plans to create proprietary brands which will have lasting market value through GC. Be prepared for more announcements regarding innovative and hip California brands.”

mCig’s Subsidiary, Grow Contractors Inc. Announces it has Secured an Exclusive Management Contract With a Client and Property in Palm Springs, CA, Paving the Way to an Expanded Presence in the State

This facility is eight thousand square feet and will primarily focus on subcritical ethanol extraction. The new state of the art facilities function will be the standard process of distillate extraction used in most disposable vape pen varieties. Further refinement will be done by the fractionation process to produce a substance with a much higher cannabinoid purity. This distillate is easier to use in preloaded vape pens and does not require any cutting agents other than natural cannabis-derived terpenes to add flavor.

Gross profit projection for the facility is ten million a year with eight percent of net profits going to Grow Contractors. There is a sixty percent profit margin for most extraction facilities.

“This facility is the first of our conquest in California,” commented Rob Kressa, CEO of Grow Contractors Inc. “The next facilities in Sacramento and Los Angeles will be coming online very soon with much more to follow. We are humbled and incredibly excited about the abundance of those interested in our services.”

mCig Expands Construction Project Portfolio and Wins an Exclusive Contract in California, Valued at $5M

LAS VEGAS, NV--(Marketwired - Nov 9, 2017) - mCig Inc. (OTCQB: MCIG), a diversified company servicing the legal cannabis, hemp and CBD markets, is pleased to announce that its Grow Contractors division has entered an exclusive agreement to build and develop a 31,000 square foot state of the art cultivation, extraction, and distribution facility located in a prime area of the San Gabriel Valley in California...

...The buildout is valued at over $5M with exclusive rights having been granted to Grow Contractors for the entire construction project. The cultivation area alone will be 22,000 square feet with over 500 flowering lights.

In conjunction, extraction is expected to match cultivation revenues. Cannabis extracts make up a huge portion of the marijuana market accounting for about one third of all marijuana sales. The extraction lab will primarily be equipped for the production of distillate and for the filling of vape pen cartridges. In total, the facility will produce over 100 separate SKU's. Distribution will also be contained within the facility as a service to facilitate delivery to retailers, with a fleet of vehicles and drivers maintaining a logistics backbone to service the entire Southern California region.

mCig, Inc. Reports A Substantial Increase in Sales of Its Cannabis Supply Division

JACKSONVILLE, FL, Dec. 26, 2017 (GLOBE NEWSWIRE) -- mCig, Inc. (OTCQB: MCIG) a leading distributor of innovative products, customized packaging solutions, technologies, and services for the global medical cannabis industry, is pleased to announce that it’s Cannabis Supply division signed an agreement with one of the largest cannabis brand valued at $1 million...

...“Since we began just a few short months ago with Cannabis Supply in California, our strategy has been to focus on working with medium to large size businesses in cannabis industry – and it is paying off. We are seeing tremendous interest by these companies to our selection of products, and our quality of products and service,” says Justine Bastida, the General Manager of MCIG’s California Sale Office.

“We are extremely happy with the progress of our Company in California. Based upon historical numbers and the introduction of recreational cannabis in California, we anticipate more than $3 million in sales of our cannabis supply products coming from our California office in the next 12 months.

mCig's strategy in California is clear and will be producing phenomenal results over the next 12 months.