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This board was set up in preparation for the creation of VitaCig, Inc. which was spun off from MCIG in November 2015. It was assigned the stock symbol VTCQ and a new iHub board was set up for that symbol. All of the posters then migrated to the VTCQ iHub board.
mCig recently purchased the VitaCig product line by surrendering 39% of it's 47% ownership shares and VTCQ merged with a privately owned company called Malecon Pharmacy, which is in the process of renaming itself as Omni Health, Inc. We are currently waiting for the first financial report from Omni, as at this point very little is known about the new company and its financial condition. All we know is that they've been in business for 41 years, they own a brick and mortar pharmacy in Florida that at some point (perhaps when they changed ownership in 2007) reported $1 to $2.5 million revenue and they also operates a specialty pharmacy business with unknown revenue. It could be a good time to invest in VTCQ as the true value of the company, once it's revealed, will probably be a lot more than the current pps.
does anyone know what happened to this company?
Major tobacco companies are gobbling up ECIG companies.
http://www.law360.com/articles/705580/british-american-tobacco-moves-into-growing-e-cig-market
It is all speculation here, wild irrational exuberance is prolly a better term. LOL
Café Serendipity is 1 of many to be announced distribution/retail deals....
From 1/14/2015 PR:
"The company is in negotiations with dispensary operators, tobacco chain outlets, and major distributors in the US to begin distributing and marketing these two products. With these supply lines established, mCig, Inc. plans to integrate its m$ignature Series products of high end vaporizers and consumer accessories into an array of retail channels worldwide throughout 2015."
THAT'S HUGE FOR MCIG/VTCQ!!! "The company is in negotiations with dispensary operators, tobacco chain outlets, and major distributors in the US to begin distributing and marketing these two products"
BOOOM! The company is in negotiations with dispensary operators, tobacco chain outlets, and major distributors in the US to begin distributing and marketing these two products. With these supply lines established, mCig, Inc. plans to integrate its m$ignature Series products of high end vaporizers and consumer accessories into an array of retail channels worldwide throughout 2015.
You're right, it might be a good idea to wait before we do anything here. That was my original thinking before someone jumped the gun and started the new board. I doubt if it will go from VTCQ to VCIG but the Q might be dropped off.
That seems like the more likely scenario.
GVI...Q from VTCQ will be dropped...IMO
Wont the stock symbol change again in 30 days? If so it might go back to Vcig?
Wow...this will be .17 in a hurry. Be patient. My only trading advice is that if the price is .06, then put in a sell at .60 in case of a fat finger order mistake until they get out of the greys. I did this with PHOT when it was .08 and sold some at .80. Made a ton.
I think there's a maximum number of moderators and they've reached it. I jumped on as soon as I saw it open just in case. Not sure what we should do about this board. Any thoughts?
I was trying to become a moderator at that new place but it wont let me Hmmm. Do they already have enough moderators?
We have a great team and as they expand the pps will rise. Dollars land here we come.
Got your vitacig?...don't worry, be happy! lol
No worries. They will get there money back once hits otcbq boards!
Not looking good. People selling this stock. For those that bought at .06 .08 and .10 I am truly sorry.
Looking good people buying up the stock.
VTCQ 10Q FILED TODAY! http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10400348
Stock Charts/Quotes work on Vitacig VTCQ board now!
If that board becomes established, will you let us know how to get there?
Boom off to the raices. Here we go over 500,000 shares traded in the first 4 minutes!
OTCQB requires that the company maintain a pps > $.01/share. That may be why it's trading on the grey market so that it can establish/demonstrate that price point.
News ! VitaCig Inc. Trading Update
The company's 47% owned affiliate VitaCig Inc. began trading on the Over The Counter unlisted market under the symbol VTCQ on January 6, 2015. The company advises its shareholders to remain patient while VitaCig Inc. obtains its' OTCQB listing that will provide better market access and price transparency. The initiation of trading also marks the final step in the spinoff of VitaCig Inc. from mCig Inc., allowing the two brands to pursue their independent market opportunities. VitaCig Inc. will provide a separate and formal update to shareholders once shares have been listed on the OTCQB.
I like this board better.
Yeah, someone jumped the gun and started a new board before we could change the name. Not sure what, if anything, we can do about it. I'll check with the admins once there's a formal announcement. In the meantime, several of us moderators have signed up to moderate the new board.
I cannot get Ihub L2 to load VTCQ our new stock symbol to trade with. Anyone solve that yet?
Looks like we have 2 boards now for the same stock. http://investorshub.advfn.com/VITACIG-INC-VTCQ-29397/
Looking good guys.
Any luck in trading this yet?
I might call my broker.
Now it's 10 cents too bad my.01 buy order didn't go through
My vtcq shares are now worth 1cent woo hoo!
Can't buy more right now but I tried.
I tend to agree, but we haven't even gotten a formal announcement of the ticker yet. I'd like to make sure VTCQ is not just a placeholder for our current dummy shares. It may not be but it would be ridiculous if it was and we ended up fighting over it.
this location has-the valuable-history and ID,,,if the ticker can be changed THIS should be the VCIG home……..same intentions….
good historians mustn't leave a foundational chunk of VCIG behind……...
Great news Thanks for posting.
Didn't know you could change them after they were made! Thought they only changed if it was a name-change in the system, guess we'll see what happens when the stock starts trading.
This board was started with the intent of being changed if the symbol was different. It was started to bring an early forum for the new company.
Bad decision, imo.
Umm, because the new symbol VTCQ was just issued for Vitacig, and their not called "Vitamin Cig (VCIG)" as the title says here, so I started a correct board for Vitacig.
I started a correct Vitacig board, VTCQ. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109634242
mCig Inc. Introduces a New Line of Extraction Machines and Innovates New E-Liquid Technology
BEVERLY HILLS, Calif., Jan. 5, 2015 (GLOBE NEWSWIRE) -- mCig®, Inc. (OTCBB:MCIG), through their wholly-owned subsidiary mCig CBD Technologies operating in the state of Colorado, is announcing the Company's entry into retail production of two groundbreaking products intended to transform the Home Extraction and CBD Vaporization markets as follows:
1.) an ultra-compact consumer extraction machine sporting a sleek, high-end design
2.) a revolutionary new vaporizing liquid for e-pens that uses a non-toxic thinning fluid
The company's new consumer extraction machine features a high-tech and sleek design that reduces processing time down to just 15 minutes, less than 4X the amount of time it takes for comparable systems. The extracted product is immediately ready for use in a vaporizing device with a variety of applications and products, including medicinal use.
Other retail applications might also include herbal extraction in the food preparation industry. "Leveraging proprietary technology, we've developed a compact extraction machine with sophisticated elements that can easily fit on a kitchen countertop, like a well-designed coffee maker," explained Paul Rosenberg, CEO of mCig, Inc.
The mCig extraction machine removes essential and medicinal oils from a broad range of plant materials. A self-contained unit requiring no external pumps, solvent tanks or vacuum processing units, the machine boasts an extremely compact footprint, and uses a replaceable filter and organically based solvent pack. Compared to harmful butane-based extraction methods, the end product from this extraction method is non-toxic and preserves vital terpenes that contribute to the flavor note of each extract.
The Company's second breakthrough product is a revolutionary new vaporizing liquid for e-pens that uses a non-toxic thinning fluid. Incorporating a newly developed processing chamber and closed-loop extraction system, the new line of vaporizer pens replace today's conventional pens, which typically use chemicals like Propylene Glycol (PG) or Vegetable Glycerin (VG).
Many users have a physical intolerance to chemical-based pens, while others have complained about a chemical-flavored after-taste when inhaling. mCig engineers have developed a much cleaner approach to vaporization thanks to a patent-pending technique within the extraction process. The new technology will be reflected in the Company's line of advanced technological products that are slated for global release in 2015. The company is also in discussions with a number of vendors to offer the new pens on an OEM basis.
Rosenberg also points to the Company's intention to enter the extraction facilities market in 2015 with multiple targets in Colorado and elsewhere that will serve the medicinal and commercial cannabis markets.
With the addition of a CO2 supercritical extractor, the Company will soon be able to create innovative products and bring them to market directly. mCig, Inc. is dedicated to achieving its goal to expand into a holding company with a core of profitable divisions to process plant materials, manufacture and distribute equipment and facilities used to process plant materials, and incorporate cannabinoids like CBD and THC into our product lines.
"With a market valued at over $2 billion annually, cannabis extraction is one of the fastest-growing subsets in the (legal) medical and recreational marijuana industries. Our investment in extracts and the entire extraction consumption chain reflects the overall market enthusiasm for extract-based delivery forms. We intend to lead and innovate in this area with continued research and product development across a wide range of consumer devices, edibles and extractions, and enterprise-grade equipment," stated Mr. Rosenberg.
About mCig, Inc.
mCig, Inc. (MCIG) is a technology company focused on two long-term secular trends sweeping the globe: (1) The decriminalization and legalization of marijuana for medicinal or recreational purposes (2) The adoption of electronic vaporizing cigarettes (commonly known as "eCigs") by the world's 1.2 Billion smokers. 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 eCig industry following the first acquisition of an electronic cigarette brand (Blucigs) by a traditional tobacco company Lorillard Inc. for $135 million followed by another acquisition in February 2014 by Altria Group Inc. of Green Smoke for $150 million. Wells Fargo analyst Bonnie Herzog estimates that eCig sales may rise from $1 Billion in 2013 to $10 billion over the next three years.
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.
CONTACT: Paul Rosenberg
CEO
1(310)402-6937
Source: GlobeNewswire (Jan 5, 2015 08:35:12 EST)
I hope it is soon ( before Feb) so we can get some sector hype and a better pop.
It's all in the hands of FINRA which needs to assign them a ticker symbol and the OTC market which needs to accept VitaCig for a listing. MCIG has little control over this. Their PR said they expect it to take 30 to 60 days (that was early November). Other sources have said 2 to six months. Consequently, it could happen at any time.
The opening price will be up to the Market Makers and supply and demand. A lot will probably depend on what kind of PR's we see before trading starts (whenever that will be). Consequently, no way to predict that at this time.
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