Monday, October 01, 2018 9:47:53 AM
JACKSONVILLE, FL , Oct. 01, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE - mCig, Inc. (MCIG), a diversified company servicing the legal cannabis markets, updates their shareholders on the latest developments:
California City
The California City cultivation project (CALAcres) reached a milestone last week by completing the environmental review, a significant part of the pre-construction process. After completion of an engineering package, mCig will file for a construction permit and then break ground. Once construction begins, operations will start immediately by utilizing portable buildings during construction of the permanent facility. This will allow us to bring to market our developing cannabis products, like marijuana cigarettes under the Rollies brand.
MCIG’s CEO, Paul Rosenberg stated, “I take serious the promises we as a company have made in the past. It has taken us much longer than we anticipated to bring some products, like our Rollies Brand, to the market, but we are now a much stronger company, with a strong team of individuals that have the same vision and same goals.”
Grow Contractors
MCIG management was recently very active in the European market, where it struck a deal with an equipment manufacturing company. MCIG will introduce a line of cannabis extraction equipment, including filling machines, drying equipment, ethanol extraction filters and distillers capable of high throughput.
With the recent boom in the number of cannabis manufacturing licensees, spending on equipment has recently begun to soar. By pricing its new equipment competitively and marketing its higher production volume, MCIG plans to capture a significant portion of the cannabis equipment market.
In addition, MCIG will also use its new equipment for processing cannabis at CALAcres and hemp at NYAcres.
Cannabiz Supply
Cannabiz Supply announced today that it launched a new division in the extraction space, Cannabiz Supply Energy, focused on providing high quality solvents to cannabis concentrate producers. These solvents are used in the extraction process to produce cannabis oils, edibles, waxes, and more. The key products offered by the new division will include dry-ice, ethanol, butane, propane, and iso-butane.
With its extensive background in the industry, Cannabiz Supply Energy plans to work together with its clients to ensure they have everything they need for extraction success: clean facilities, quality product, reliable supply, and regulatory compliance.
Corporate Update
The Company recently filed Form 8a-12G with the United States Securities and Exchange Commission effectively changing the status of the company from a voluntary reporting company to a fully reporting company. “This action is fundamental to our commitment of full transparency for our investors. By subjecting the company to a self-imposed requirement to fully report under SEC guidelines, we ensure confidence with our shareholders and investors and bring the Company greater visibility and credibility before global financial markets,” stated CFO Mike Hawkins.
About MCIG Group (MCIG)
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.
– LINKED PHOTOS & VIDEOS SHOW "FACTUAL" INFORMATION & PROVIDE EVIDENCE TO "CLAIMS".
– "A PICTURE IS WORTH 1000 WORDS"!!!—an old saying
– PHOTOS/VIDEOS DON'T LIE.
Green Leaf Innovations, Inc. Engages Olayinka Oyebola & Co for Two-Year Audit • GRLF • May 28, 2024 8:30 AM
HealthLynked Introduces AI-Powered Chat Function to Enhance Healthcare Accessibility • HLYK • May 28, 2024 8:00 AM
Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology • AVAI • May 23, 2024 8:00 AM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM