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Thursday, 10/10/2019 1:03:45 PM

Thursday, October 10, 2019 1:03:45 PM

Post# of 112677
New PR today...

mCig Updates Shareholders on Filing Status

JACKSONVILLE, FL / ACCESSWIRE / October 10, 2019 / MCIG, Inc. (OTC PINK:MCIG) a leading distributor of innovative products, customized packaging solutions, technologies, and services for the global medical cannabis industry, is pleased to announce the following corporate update on a status of filing Form 10K for the year ended April 20, 2019 and the first quarter 10Q for the quarter ending July 31, 2019. We expect to be current with our filings by the end of the second quarter ending October 31, 2019. In addition, MCIG is updating our shareholders on the status of OBITX trading on the OTC Markets.

Mr. Paul Rosenberg, the Company's Principal Executive Officer, commented: "I am happy to announce we have made good progress with our new auditors in completing the form 10K and 10Q financial filings which will return MCIG's status to current on OTC Markets. Due to the inability of the former auditor's to file with the SEC going forward, we have been required to complete a two-year audit, which includes the years ending April 30, 2018 and April 30, 2019. We do not anticipate any major changes that would require a restatement with the prior year's audit completed by our former auditors."

MCIG issued a special dividend to its shareholders in a new public company, OBITX Inc. through a public registration. OBITX became a public reporting company on December 10, 2018 and is current in all its filings with the SEC. Mr. Rosenberg went on to say, "The process of obtaining a trading symbol from FINRA has taken much longer than anticipated. All the required paperwork has been submitted to FINRA and we are expecting our stock symbol to be issued to OBITX in a timely manner."


Les