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Big changes are coming to MCIG... spoke to someone at IR. Stay tuned!! Exciting time for shareholders.
What’s the reason for this drop with record sales? This was .20 4 months ago.
Morgan Stanley owns 5% of the float with almost half a mil shares.
Seems like there can still be some news in the pipeline https://www.google.com/amp/s/insiderfinancial.com/mcig-inc-otcmktsmcig-sell-off-persists-record-sales/178074/amp/
I agree with you Les, I’m one of those low thc smokers myself due to anxiety. I think there is a big surprise market for this. Just need the distribution channels. Welcome back by the way.
MCig Dividend! Congrats hodlers.
https://marijuanastocks.com/mcig-obtains-finra-approval-for-obitx-dividend-and-spinoff/
Any reason for this drop?
Chart says buy here under .15
FIGR new CEO is a marketing guru https://www.linkedin.com/in/harveycarroll
Pyx has one of the largest hemp facilities of its kind in NC https://www.streetinsider.com/dr/news.php?id=14887708&gfv=1
Been a long time coming. Hemp legalization on the federal level!! Lots of demand coming for this company
Did y’all forget that mcig grows acres of hemp and can now do it legally for profit?
New article on PYX FIGR - More growth than cannabis beverages
https://realmoney.thestreet.com/articles/10/24/2018/what-barclays-gets-wrong-about-cannabis-and-tobacco
Tobacco stocks are safe in this downturn market except PYX, why? ($MO $PM $RAI)
All these tobacco stocks have multi billion debt.
We are due for news any day now, check the pipeline on how often they release developments https://stocktwits.com/OneSmarTrader/message/142311108
Zacks commentary
PYX did this, acquire a Canadian grow company and grow license. Big tobacco acquiring companies and getting in the game.
With 2 mil tradeable float, one just needs $60 mil at $30 to consume the whole float.
FIGR products online
https://peicannabiscorp.com/collections/cannabis/brand_name-figr
PYX marketing firm does marketing for hsbc and Walmart https://www.jwt.com/en/canada
Marketing moves to be seen
https://finance.yahoo.com/news/jwt-launches-major-rebrand-pyxus-133400736.html
Lol I got some too. But yeah pretty moldy.
After that 10/1 split a few years back this has never really been able to recover
Been doing well HODLING
OBITX Partner KrypNetwork Proves Its Global Potential With Its User-Friendly ATM Portal For Cryptocurrencies
http://www.nasdaq.com/press-release/obitx-partner-krypnetwork-proves-its-global-potential-with-its-userfriendly-atm-portal-for-20180124-00481
Revenue from atms can be made from exchange fees and advertising
RFLMAO. Yeah, probably applied under one of their client interests or subsidiaries. They are a holdings company.
Where is OBITX S-1 by End of CY17?
There looks to be a website about to launch, I'm sure it's coming. https://www.obitx.com/
No Proof MCIG Has Applied For CA MJ
They will probably acquire a company than applying themselves, after all they are a holdings company.
History can repeat like last year on the chart imo. Company is much stronger this year.
New article suggests that MCIG is in negotiations for a MJ license
"We are looking forward to the success of our expanded presence in California with Grow Contractors and our Cannabis Supply division. In addition to current ownership interest negotiations, we also continue to work in securing a license for MCIG. California is indeed the largest marijuana economy we've seen, and we are thrilled to be a part of it." stated Paul Rosenberg, CEO of MCIG Inc.
https://globenewswire.com/news-release/2018/01/02/1276906/0/en/mCigs-Subsidiary-Grow-Contractors-Inc-Helps-Secure-Cultivation-and-Production-Licenses-for-its-Client-mCig-Positions-Itself-as-a-Strong-Player-in-the-California-Market.html
mCig Reports Increase in Revenue reaching $5.2M for last 6 months, revenue up 595% compared to Last Year
December 21, 2017 07:00 ET | Source: mCig, Inc.
Jacksonville, FL, Dec. 21, 2017 (GLOBE NEWSWIRE) -- mCig Inc., (OTCQB:MCIG), a leading distributor of innovative products, technologies, and services for the global medical cannabis industry, is pleased to announce that it will be filing its second quarter financial results after the market close today. The company was delayed in filing its Form 10Q due to the audit of one of its subsidiaries, OBITX, Inc., in preparation for the filing of an S-1 Spin-Off Registration Statement. MCIG has completed the audit of OBITX and expects to file the S-1 prior to the end of the 2017 calendar year.
MCIG recorded $2.0 million in revenue for the current quarter ending October 31, 2017, bringing the six month total to $5.2M. For the fiscal year ending October 31, 2016, MCIG recorded $620K for the quarter and $874K for the six month total. In a year to year comparison, MCIG revenue increased 595% in 2017, exceeding its entire prior fiscal year revenue of $4.5M in just the first 6 months of this fiscal year.
MCIG continues to shatter all expectations in revenue generation and continues to be on pace with achieving its 2018 goal of reaching over $10M in revenue.
In addition to the company’s growth in revenue, MCIG has recorded its highest profit of any quarter in its history with $782K net profit and $845K adjusted net profit, bringing its year to date net profit to $842K and adjusted net profit to $958K, as compared to a net loss of $151K, and adjusted net profit of $137K from the previous year’s six month total.
Paul Rosenberg, MCIG’s Chief Executive Officer, stated, “MCIG’s endeavors in cryptocurrency have had an immediate impact on MCIG’s bottom line and fundamentals with the recent boom in the crypto market. MCIG continues to work on its blockchain solutions platform as it provides fintech consulting services through its new division. With such efforts, we expect continued growth in revenue and in our bottom line profit.”
Mr. Rosenberg went on to say, “We anticipate stronger traction and revenue from our Grow/Construction Division, with new projects underway in California, in addition to more business and revenue from MCIG’s Supply Division with California legalization in 2018.”
About MCIG Inc.
Headquartered in Jacksonville, Florida, mCig, Inc. ( OTCQB : MCIG ) is a diversified company servicing the legal cannabis, hemp and CBD markets via its lifestyle brands. mCig, Inc. is committed to being the leading distributor of technology, products, and services to fit the needs of a rapidly expanding industry. mCig, Inc.
mCig, Inc. also employs a world renowned tech team and has recently entered the tech space to satisfy its evolving role in technology and in keeping it’s growing following up to speed.
The company looks forward to growing its core competencies to service the ancillary legal Cannabis, Hemp and CBD markets, with broader expansion to take place once federal laws change. With over seventy five years of experience combined between the key players that make up the Cannabis Grow Contractors Division, mCig Inc. is proud to work with Cannabis Industry leaders and provide broad and rounded solutions for legal growers nationwide.
https://globenewswire.com/news-release/2017/12/21/1268868/0/en/mCig-Reports-Increase-in-Revenue-reaching-5-2M-for-last-6-months-revenue-up-595-compared-to-Last-Year.html
VITACIG Acquisition target!
“Recently, there has been interest from some big players in the VAPE industry to acquire our VITACIG brand. We are currently considering all options.”
https://globenewswire.com/news-release/2017/12/28/1275749/0/en/MCIG-Shareholder-Update-CEO-Defines-Direction-of-the-Company.html
Big foot in crypto market with tech company going public!
At the end of 2017, management decided to do a spin off of the technology division. We just completed the audit of the new company and are a few days away from filing registration with Security and Exchange Commission to become a separate public company.
Here are a few directions our new company will take:
- Obitx, through its subsidiary ICOMETHOD will provide full consulting services, to help blockchain companies prepare and launch their Initial Coin Offering (ICO).
- Invest in startup companies.
- Take position in ICO’s
- Have ownership of Cyptocurrency ATM’s
- Serve as an advertising agency
https://globenewswire.com/news-release/2017/12/28/1275749/0/en/MCIG-Shareholder-Update-CEO-Defines-Direction-of-the-Company.html
OBITX to go public
Potential Nasdaq listing
“Our goal is to bring OBITX to NASDAQ in the next 12-18 months, after SEC approval of the company’s registration statement.”
https://globenewswire.com/news-release/2017/12/28/1275749/0/en/MCIG-Shareholder-Update-CEO-Defines-Direction-of-the-Company.html
Dividend to be issued to shareholders!
“MCIG will issue a dividend to its current shareholders, allowing them to participate in this new investment opportunity. The details will be released soon.”
https://globenewswire.com/news-release/2017/12/28/1275749/0/en/MCIG-Shareholder-Update-CEO-Defines-Direction-of-the-Company.html