Home > Boards > US OTC > Cannabis > mCig Inc. (MCIG)

MD, when was the last time you bought

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
lesgetrich Member Profile
Member Level 
Followed By 71
Posts 9,024
Boards Moderated 3
Alias Born 12/27/11
160x600 placeholder
Fired-Up Cannabis Players Ride into 2018 on Year-End High NetworkNewsWire - 1/31/2018 8:45:00 AM
Quarterly Report (10-q) Edgar (US Regulatory) - 12/21/2017 4:46:14 PM
Rapidly Growing Cannabis Market Has Massive Impact on Multiple Industry Sectors NetworkNewsWire - 12/20/2017 8:45:00 AM
Notification That Quarterly Report Will Be Submitted Late (nt 10-q) Edgar (US Regulatory) - 12/15/2017 10:50:17 AM
ALYI - BUY Recommendation After 50% PPS Increase To $0.02 Following Tesla Of Motorcycles Announcement InvestorsHub NewsWire - 12/13/2017 10:22:03 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 10/25/2017 4:57:56 PM
Quarterly Report (10-q) Edgar (US Regulatory) - 10/12/2017 4:22:46 PM
MCIG Purchases Land in California; Begins Cultivation, Production, and Distribution Licensing Process InvestorsHub NewsWire - 10/5/2017 9:04:37 AM
Cannabis Market Extends across Numerous Industry Segments NetworkNewsWire - 10/3/2017 8:45:00 AM
Standout Players in the FinTech Revolution Contribute to the Shakeup of Traditional Banking NetworkNewsWire - 9/26/2017 8:45:00 AM
Notification That Quarterly Report Will Be Submitted Late (nt 10-q) Edgar (US Regulatory) - 9/21/2017 6:05:46 AM
mCig, Inc. Raising up to $3 Million in Financing for Expansion of Operations InvestorsHub NewsWire - 9/13/2017 7:26:53 AM
Amended Annual Report (10-k/a) Edgar (US Regulatory) - 9/8/2017 3:34:04 PM
mCig, Inc., Announces First Quarter 2018 Financial Results -- Records $3.1M in Revenue InvestorsHub NewsWire - 9/5/2017 7:07:17 AM
MJAC 2017 Speaker Update - How venture capital and cryptocurrency are converging as the future of cannabis investing InvestorsHub NewsWire - 8/30/2017 10:29:33 PM
Cannabis Companies Cater to an Increasingly Large and Diverse Industry NetworkNewsWire - 8/29/2017 8:45:00 AM
PotNetwork Holdings, Inc Confirmed for MJAC 2017 InvestorsHub NewsWire - 8/28/2017 10:43:55 AM
Annual Report (10-k) Edgar (US Regulatory) - 8/28/2017 7:50:45 AM
MJAC 2017 International Cannabis Conference - Discount Code InvestorsHub NewsWire - 8/24/2017 8:40:00 AM
MJAC 2017 - Speaker Update - Investing In The U.S. Cannabis Market InvestorsHub NewsWire - 8/22/2017 1:27:13 AM and Announce Partnership, Broadening Jobs Offered InvestorsHub NewsWire - 8/16/2017 8:10:57 AM
Notification That Annual Report Will Be Submitted Late (nt 10-k) Edgar (US Regulatory) - 7/31/2017 4:16:19 PM
Marijuana Legalization Could Encourage Widespread Economic Benefits NetworkNewsWire - 3/29/2017 8:30:00 AM
Strong Technical Interface Making Cannabis Industry More Profitable and Efficient NetworkNewsWire - 3/8/2017 8:30:00 AM
Quarterly Report (10-q) Edgar (US Regulatory) - 3/6/2017 9:24:03 AM
lesgetrich Member Level  Friday, 10/06/17 11:22:45 AM
Re: MD-420 post# 89396
Post # of 93079 
MD, when was the last time you bought a house? This is the same kind of deal. You make an offer, the seller accepts, then you wait a month or more for the closing while the title transfer paperwork is prepared. You tell people you bought a house as soon as the offer is accepted and you've made your down payment. THERE'S NOTHING FUZZY ABOUT IT AT ALL.

Once the seller accepts the down payment, he's committed to the deal and can't accept any other offers. The buyer can't back out without losing the down payment.

Yes, there are often contingencies built into the agreement, for example if the buyer can't get financing the deal falls through. In this case, even if banks won't lend to mCig, that doesn't prevent a private lender from supplying the funding. I'm sure that mCig would have had the funding lined up before they signed such a deal.

As for making it contingent on mCig getting a license, I doubt that the seller would have wanted to tie up his property for months waiting to see if mCig could get a license. Paul probably feels comfortable that he'll be able to get a license or buy one if necessary or he wouldn't have signed the deal. He didn't wait this long because he wasn't being careful LOL.

As for the license, medical marijuana licenses have been available in California for years. Those license holders will have first priority in getting a commercial license. The commercial license regulations will be issued by the state in November or December with the licenses granted after January 1. Then, producers need to get local government permits and approvals. Many localities have been waiting to see how others do before issuing their own regs. The market in California will evolve slowly during 2018 with few commercial operations until later in the year. It seems like Kern County may be trying to get ahead of the game...

New proposed project would regulate marijuana cultivation, distribution in Kern County

It will probably take at least six months before we see any cultivation revenue from this project and a lot more before mCigs facility is fully operational. However, investors can now see a path to $1/share and more over the next year or two.

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
Current Price
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist