mCig holders rejoice!
VitaCig, Inc. To File for IPO with Shares Distributed To MCIG Shareholders as Free Dividend
With the launch of our VitaCig subsidiary, mCig Inc. will become somewhat bifurcated, involved in two separate industries: Cannabis/Marijuana Vaporizers, and Nicotine-free medicinal eCigs. We believe that our investors should be given the right to participate in the industry of their choice while at the same time rewarded for their loyalty and support. As a result, we have decided to spin-off VitaCig, Inc. on a 1:1 basis to mCig, Inc. shareholders. The result will be that every owner of one (1) share of MCIG will receive one (1) share of VitaCig, Inc. as a free dividend. The company has already engaged PCAOB Auditors and Legal Counsel to prepare the form S-1 which will be filed within the next 90 days. Following the filing of the form S-1 and approval by the SEC, VitaCig, Inc. will begin trading as an independent public company with its own stock symbol.
“Unlike other companies in the space, when we uncover a non-core market opportunity we believe our shareholders should derive the entire economic benefit. VitaCig, Inc. will have an identical capital structure to mCig, Inc. with the same shares authorized, outstanding, and float. Following the spin-off, investors will be able to make the choice of selling off VitaCig and keeping mCig to keep pure Cannabis/Marijuana exposure, selling mCig and keeping VitaCig to maintain pure exposure to the electronic cigarette industry, or keeping both shares. Management will continue to work hard on building both brands in their respective industries.” Said Mark Linkhorst, COO of mCig, Inc.
