The company has been around for at least 16 years as a producer of lifestyle video productions like the gambling tutorial videos they show in Las Vegas hotel rooms. After losing a major contract with Comcast, their video programming revenues dried up and they decided to enter the marijuana business by successfully obtaining two Nevada medical marijuana licenses to grow and produce MJ products. Their CEO Mark Bradley spent most of last year eliminating most of their toxic debt and obtaining new financing for the MJ business. Mcig has been constructing their new cultivating facility and expectation are that it will be ready for production any time now. If all goes according to plan they should be realizing significant revenues from MJ starting this year. There are also plans in place to revitalize their media business. This year looks like it could be time for this stock to take off.
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