InvestorsHub Logo
icon url

Aggie14

10/20/15 9:53 AM

#65949 RE: capitalkid #65948

Yea, I don't get it either. WTF is up? GL.
icon url

MD-420

10/20/15 10:36 AM

#65954 RE: capitalkid #65948

Yup...just like anheuser-busch owns many competing brands. Perhaps the us market was already being assigned to this other company and mcig was only able to pick up an overseas market.
icon url

lesgetrich

10/20/15 10:45 AM

#65955 RE: capitalkid #65948

Note that the PR only references product distribution. According to mCig's agreement with Globe...

MCIG Signs Master Distribution Agreement With CBD Globe Distributors Ltd.

MCIG received an initial purchase order valued at $200,000 to launch a new má brand in the UK, Europe and US, supplying CBD Globe with CBD-rich hemp oil and hardware.



If mCig is still the primary supplier for the Ma product and it would compete with Chill, it might make sense to have it distributed by another company to avoid any conflict of interest or brand confusion. mCig would still profit from the product and it would be sold by an entirely new channel. mCig might also be able to recruit FBEC as a sub-distributor for other product lines. Seems like it could be a win-win for everybody. Also, from the new PR...

The Ma Brand is already produced, packaged, and ready for distribution. Having this partnership with inventory ready for sale and a team with the capital means to scale up both new & existing products should be very exciting to shareholders."



Remember the $200,000 PO? Think they might be getting their financing via mCig?
icon url

BubbaInSC

10/20/15 12:32 PM

#65965 RE: capitalkid #65948

CBD Global is just a relabeling project. Nothing wrong with that. Would have been better if MCIG could get their brand on the product for marketing or branding purposes.