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MBHC Building and nice base and getting ready for the next move up;
$VTCQ**+17%..BIG NEWS IMMINENT:COMPANY RELAUNCHING...NO DILUTION CONFIRMED!
A/S 560M, O/S 260M. FLOAT LOCKED.
PARENT COMPANY MCIG RELEASED 10Q REVS +1200%, SAME CEO!
http://www.otcmarkets.com/stock/VTCQ/news
Thursday, December 17 2015 12:37 PM, EST VitaCig Launches Vita Gourmet Chocolate With CBD; Provides Update on VitaCig Disposable Relaunch Marketwire "Press Releases"
BEVERLY HILLS, CA -- (Marketwired) -- 12/17/15 -- VitaCig, Inc. (OTC PINK: VTCQ), a technology company that is harnessing mobile vaporization technology for medical delivery applications as well as a leader in the development, marketing, and sale of ultra-pure CBD Oil tinctures, Edibles, and E-Liquids is proud to announce the release of our newest product addition, Vita Gourmet CBD Chocolate Bar for sale now at www.vitacbd.com.
Mr. Paul Rosenberg , CEO of VitaCig , stated the company has been working diligently to develop, bring to market, and merchandise a number of products including the new CBD-infused Gourmet Chocolate Bar. CBD (Cannabidiol) is a natural constituent of hemp oil and is legal to consume, possess, and sell in the United States and over 40 countries around the world as a dietary and wellness supplement.
Our new 15 piece Chocolate Bar uses the finest Belgian Milk Chocolate with 36% cocoa and the CBD (cannabidiol) added to our products is organically grown with no additives. Made from CBD rich hemp plants, our Vita Gourmet CBD Chocolate Bar is available to order now in the following CBD strengths:
1. 100g Chocolate with 100mg of CBD (cannabidiol) 2. 100g Chocolate with 200mg of CBD (cannabidiol) 3. 100g Chocolate with 400mg of CBD (cannabidiol)
The Cocoa taste in the Milk Chocolate fits nicely in the middle of all three (white, milk and dark chocolate) flavors, smooth and balanced with a well-rounded finish. The mild CBD flavor is pleasing to the palate, yet does not leave a bitter taste in your mouth. This new product offering from VitaCig will enrich your body with Mother Nature's miracle supplement as well as your taste buds with a delicious treat. Vita Chocolate is a great way to start a personal CBD regimen and is also the perfect gift for family, friends, or that special someone.
Following the success of our recent VitaCBD™ Organic Hemp CBD Oil product launch, we also expect our premium Vita CBD Chocolate product line to provide instant and significant revenue flow for VitaCig from the website and existing wholesale accounts. VitaCig CBD Division will continue to add to its product line next week, as the company is set to launch two new All-Natural High Grade Hemp CBD Vape Oils (E-Juices). VitaCig releases these new products for those consumers looking for the best High Grade Hemp CBD Oil tinctures, Edibles and Vape E-Liquids (E-Juices) that carry phytonutrients, flavonoids, terpenes, essential fatty acids, and other nutrients important for body function.
Lastly, we wanted to take this time to thank all of our customers and shareholders for their patience as we prepare to re-launch our VitaCig product line and company. This will include a new design and logo, redesigned corporate website, and highly anticipated VitaCig "Nic" nicotine line. We expect official relaunch of these products and updates to be complete in early February 2016 .
We are truly excited about this latest product offering, and are aggressively laying the groundwork for lasting success, revenue growth, and value for our shareholders. We will continue developing and introducing world-class products that support healthy living and healthy choices. Stay tuned for future updates!
VitaCig Provides Corporate Update
BEVERLY HILLS, CA -- (Marketwired) -- 12/10/15 -- VitaCig, Inc. (OTC PINK: VTCQ) Company, a technology company that is harnessing mobile vaporization technology for medical delivery applications as well as a leader in the development, marketing, and sales of high-end consumer Hemp CBD Oil and Tinctures, Edibles, and E-Liquids (E-Juices) offers an update to its shareholders.
"We are extremely excited about the decision to officially re-launch the company and brand over the next few weeks and months," said Paul Rosenberg, Chief Executive Officer of VitaCig. "We want to thank all shareholders for their patience during this lengthy quiet period, and want to reassure investors we are dedicated to maintaining minimal costs and increasing long-term value will continue to be our top priority."
Over the next few weeks and months, the company will be rolling out a host of new and innovative products under the VitaCig brand, including the very latest addition to our product line, VitaCBD™. The scientifically formulated Organic Grade Hemp CBD Oil will be sold under VitaCig Inc. and distributed by mCig, a leading distributor of other CBD and vape products. VitaCBD™, since its launch last month, has received a remarkable reception in the industry, and is already bringing in significant revenue for the company. Both VitaCig and mCig will continue to work together in developing and distributing a full line of world class VitaCBD™ products.
Next week VitaCig will launch two new All-Natural Flavored High Grade Hemp CBD Vape Oils (E-Juices) just in time for the finish to the holiday shopping season. In addition, VitaCig will be introducing Vita Chocolate with CBD to its expanding product line. This new product offering will enrich your body, as well as your palate, and is sure to be one of our best sellers.
On the horizon for 2016, VitaCig will also be developing a nicotine and caffeine line of products to complement our existing VitaCig line and brand. VitaCig continues to see international success with our Vitastik partners and affiliates in Germany, UK, Australia, Japan and South Korea, and is currently in the process of re-negotiating the terms of some of these partnerships as we speak. We expect to add to our global partner resume over the next several months as deals become finalized. On a national level, VitaCig will be enlisting sales reps of their own as well as using the experienced sales team at MCIG to aggressively get our products into retail shops all across the country. We will initiate several well-orchestrated online social media campaigns and strategic online marketing to draw customers to our online website.
We also expect over the next few months to unveil a newly redesigned corporate website, intended to enrich the online user experience.
VitaCig is actively seeking out a new CEO, as well as key management personnel, to take over day to day operations and effectively run our aggressive business plan. We are considering several candidates, and will provide an update as soon as a decision has been made. We expect to see increasing revenue growth over the next few quarters and will be doing so without taking on toxic debt or major dilution, very uncommon amongst our peers.
Despite being a SEC fully reporting company, we understand the desire of our shareholders to up list to a higher exchange, as in OTCQB. Following the acquisition of a new CEO, we will encourage him/her, to make that a top priority. Again we thank shareholders for their patience and we are more focused than ever at increasing value for investors. We are looking forward to new beginnings here at VitaCig, and an incredible year ahead for 2016. Stay tuned for future updates!
mCig, Inc. Reports an Increase in Revenue of 1200% to $885,556 for the Most Recent Quarter Compared to Last Year
BEVERLY HILLS, CA - (NewMediaWire) - December 17, 2015 - mCig, Inc. (the "Company") (<exchange name="OTCQB">OTCQB</exchange>: MCIG), a leading distributor of innovative products, technologies, and services for the global medical and legal recreational cannabis industry, updates investors on financial results.
Here is Quarter Two Highlights:
Revenue increased 1200% to $885,556 for the three months ended October 31, 2015 compared to $73,814 for the three months ended October 31, 2014.
Gross profit increased 266% to $101,676 for the three months ended October 31, 2015 compared to $38,205 for the three months ended October 31, 2014.
Expenses decreased 36% to $522,325 for the three months ended October 31, 2015 compared to $818,833 for the three months ended October 31, 2014.
Net loss decreased 46% to $420,649 for the three months ended October 31, 2015 compared to $780,628 for the three months ended October 31, 2014.
For the three months ended October 31, 2015 compared to the three months ended July 31, 2015
Revenue increased 240% to $885,556 for the three months ended October 31, 2015 compared to $369,093 for the three months ended July 31, 2015.
Expenses decreased 34% to $522,325 for the three months ended October 31, 2015 compared to $790,092 for the three months ended July 31, 2015.
Net loss decreased 37% to $420,649 for the three months ended October 31, 2015 compared to $663,148 for the three months ended July 31, 2015.
"Over the course of the past few months, I have spent ample time speaking and listening to our shareholders, as they expressed their concerns over mCig's future, direction of the company, and ability to execute on our business plan. I hope the results of this Quarterly report adequately demonstrates our commitment toward business execution, driving revenues, fiscal responsibility, and building shareholder value," said mCig CEO Paul Rosenberg.
"With three straight Quarters of revenue growth our new business model is indeed working. Our new employee compensation model is now results driven. The Company's expense reductions continue to improve as the company has transitioned from R&D to full sales. As a result, we continue to drive revenues and reduce expenses," said Rosenberg.
"It is important to understand, we truly stand out among our peers in the space, in that we prioritize our shareholders, both for mCig, and VitaCig. We will not surrender to toxic financing, or highly dilutive agreements. And will continue to serve the interests of our shareholders. I ask that you continue to allow me to earn your trust, and strengthen shareholder confidence as we enter the New Year.
"I see the model of mCig - VitaCig relationships, very clear:
mCig -- centered on our expert Grow Division and our new THC product Division, which will be directly involved with marijuana related products, as well as offering cannabis consulting and technology services.
"VitaCig -- which we recently re-launched, will center around its world famous VitaCig product line, as well as its new CBD Division, developing and introducing world class, premium CBD products to market. mCig will continue to provide management and financial support to VitaCig in the near term.
"Vapolution, a wholly owned subsidiary of mCig, will also start sales in the upcoming third quarter.
"In addition: As you well know, last year, mCig announced the development of a new brand, that the company called EM-J. We were successful in launching our EM-J, CBD version. But after many days spent consulting with our legal team, we decided to postpone a launch of the THC based EM-J product.
"In late August, mCig signed a collaborative agreement with NY-based Blanks Inc., a maker of sophisticated and convenient roll-your-own accessories (www.blanksprerolled.com).
"We are now proud to announce that, mCig, in partnership with Blanks Inc., will together establish a brand new THC mCig Division, which will be run by CEO of Blanks, Alex Levitsky. Together, we will bring a new line of THC based products to the markets in Oregon, California, Washington State and Nevada, including a high end Marijuana cigarette line, branded oils, smokable concentrates, and THC infused drinkable supplements. Several of these products are complete, ready to market and start generating significant revenues into the company.
"We are very excited to officially be crossing the green line. For a long time, we promised our existing shareholders an entrance into the THC market, and with a strong team of cannabis experts now in place, that time is now," said Paul Rosenberg, CEO of mCig.
Our vision is laser focused for 2016: develop and market industry leading products, partner with industry experts, drive revenues, clean up our balance sheet, and continue to build shareholder value. Stay tuned for future updates!
About mCig, Inc.
Headquartered in Beverly Hills, CA, mCig, Inc. (<exchange name="OTCQB">OTCQB</exchange>: 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 StatementAny 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.
GDAR HIGH ALERT!!!! YIELD SIGN HAS JUST BEEN REMOVED.... And THEY ARE CURRENT
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| THE EMPIRE AWAKENS   THE Disturbance in the Force...        FIGHT THEM AND DESTROY THEM WITH EVERY FIBER OF YOUR BEING
DO NOT BRING NO STOCK(S) WITH A SHARE STRUCTURE GREATER THAN 850M OS I WILL TERMINATE YOU PERSONALLY WITH MY OWN HANDS. | |
