Thursday, March 05, 2015 1:42:38 PM
So MCIG's plan is to sell hemp CBD oil, say its 50 states legal and act like its as good as Charlottes web?
Not so fast
There are numerous reports that Hemp CBD oil are getting people sick. High time's and the Hemp Industries Association both have articles on it.
http://thehia.org/PR/2014-07-10-cbd_hemp_oil_statement.html
http://www.hightimes.com/read/difference-between-hemp-oil-and-high-cbd-strains
They take large amounts of hemp with low CBD and extract it but leave a lot of containments with low CBD. Its not the same. This is just down right a marketing scam and hopefully a dieing phad. They act like its the real thing when its NOT.
So they announced new revenue, that's great. Even At 2 million revenue next year. that's still 16x revenue to market cap and we don't know if they will turn a profit.
All this PR does for me today is make me want to hate this company. Fearing on people's health with a inferior product is just bad business in my mind.
There is a lot of competitor's for hemp cbd oil anyway. Heres a Big one. http://cannavest.com/
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