Bots Inc (BTZI)

[lesgetrich]

As part of Omni's acquisition of VTCQ, mCig bought back the entire VitaCig product line (including VitaCBD). It now belongs to mCig...

MCIG 6/27/16 8-K

ITEM 2.01 Completion of Acquisition and Disposition of Assets

On June 2 2 , 2016, the Company and VitaCig, Inc., entered into a Separation and Share Transfer Agreement whereby VitaCig transferred the assets and operations of the business of VitaCig, Inc., to Company in exchange for the return of 172,500,000 shares of VitaCig Common Stock to the treasury of VitaCig, Inc., and for a reduction of the amount owed to the Company in excess of $95,000.

The purchase price of VitaCig was $139,644.03 (unaudited). The purchase price was derived from the return of stock at par value, $0.0001 ($17,250) and the reduction of outstanding balance owed of $122,394.03 in excess of the $95,000 promissory note.

Also, see the following PR for a rundown of the different revenue sources mCig currently has...

mCig, Inc. CEO Provides Corporate Update