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MCIG Introduces New Line of CBD ProductsFont size: A | A | A
9:24 AM ET 3/19/19 | GlobeNewswire
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MCIG Introduces New Line of CBD Products

Updates Shareholders on Latest Development

JACKSONVILLE, FL, March 19, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- mCig, Inc. (OTCQB: MCIG) a leading distributor of innovative products, customized packaging solutions, technologies, and services for the global medical cannabis industry, is pleased to announce that its wholly owned subsidiary, CBJ Distributing, is expanding its sales reach by introducing to its clients in Nevada and California a new in-house developed product line of hemp pre rolled cigarettes and CBD vape pens with a proprietary terpene rich formula.

CBJ Distributing saw its sales increase dramatically during the last year. The company distributes its line of cannabis supply items, such as: labels, jars, child proof envelopes, vape pens, to almost all dispensaries in Nevada, while enlarging its market share in southern and central California. After carefully analyzing the CBD market, CBJ Distributing decided to expand its product line by joining this huge opportunity of selling hemp products to smoke shops and dispensaries around the Country.

"We have a strong team of professionals with boots to the ground, following the trends, growth, and needs of the market through client-based communication and customer service. Since its acquisition in May 2018, CBJ Distributing has consistently been the strongest division of MCIG, with a constant and continued growth in sales and profits. Our management team at CBJ Distributing gets results!" said Paul Rosenberg, CEO of MCIG. Mr. Rosenberg went on to say, "During the past month, the MCIG officers and Board of Directors have had multiple meetings in our Las Vegas office with the CBJ management team where we have identified the direction MCIG must take in order to be a top cannabis company going forward."

Management is also updating its shareholders on the status of OBITX dividend. The company is working very closely with FINRA to finish the paperwork and distribute the OBITX shares to the MCIG shareholders. We will continue to monitor this process and keep our shareholders informed of the progress.