Bots Inc (BTZI)

[lesgetrich]

Numbers don't lie, people do...

mCig, Inc. Reports an Increase in Revenue of 446% to $1,362,689 for the Most Recent Quarter Compared to Last Year

Three months ended January 31, 2017 compared to the three months ended January 31, 2016

- Revenue increased 446% to $1,362,689 compared to $249,641
- Gross profit increased 239% to $288,230 compared to $85,076
- Expenses decreased 27% to $97,052 compared to $133,236
- Cash and cash equivalents increased 422% to $420,888 compared to $80,542
- Current assets increased 1,241% to $1,259,689 compared to $93,930

Three months ended January 31, 2017 compared to the three months ended October 31, 2016

- Revenue increased 120% to $1,362,689 compared to $620,015
- Gross profit increased 31% to $288,230 compared to $220,151
- Expenses decreased 63% to $97,052 compared to $262,437
- Cash and cash equivalents increased 47% to $420,888 compared to $285,812
- Current assets increased 116% to $1,259,689 compared to $583,695

Subsequent actions during this quarter

- VitaCig experiences its best month in its history exceeding all of last quarter's revenue numbers for its segment
- MCIG enters into joint venture for expansion of its VITACBD brand.
- MCIG expands operations to include new cannabis supplies segment
- Grow Contractors expands operation to include Oregon, where it is constructing a new facility.
- MCIG completes its first construction project and awaiting clients Certificate of Occupancy

Debunked again!