HENDERSON, NV--(Marketwired - Jun 8, 2017) - mCig Inc., ( OTCQB : MCIG ), a leading distributor of innovative products, technologies, and services for the global medical cannabis industry is pleased to announce that it's Grow Contractors (GC) division has exceeded fourth quarter revenues of 2017 (February 1 - April 30, 2017) in just the first month of the 2018 fiscal year (May 2017). In the fourth quarter of FY2017, GC recognized $1.1 million in revenue, and in the first month of FY2018, GC surpassed earnings with $1.3 million in gross revenue. Projects continue to line up as demand remains increasingly strong.
Grow Contractors has a talented and growing team of engineers, architects, electricians, designers, grow experts, and marketing and sales, led by experts with over 100 years of experience combined. Read about our management team and find their bios here.
MCIG believes that the company has an early adopter advantage and large growth potential in Nevada, which positions the company for facility management opportunities and owning our own profitable grow in the very near future.
With 45 million tourists, higher discretionary spending, and being able to purchase cannabis with the simple requirement of being 21 years of age, Nevada is expected to top Colorado revenues and historical growth patterns. With the growth potential of the recreational cannabis market emerging in Nevada, GC is well positioned for construction and consulting services in the state of Nevada for many years to come.
About Grow Contractors Grow Contractors is MCIG's group of Cannabis consultants, engineers, architects, contractors, and grow experts combining over 100 years of experience and talent combined, to bring efficient and high-quality grow spaces. Grow Contractors offers a practical approach to cannabis design, construction, and operations to create profitable and compliant facilities, and a custom tailored approach to every client, because there is no one-fits-all approach to cannabis facilities. Grow Contractors also offers several high tech greenhouse products from starter to large, high tech greenhouse buildings capable of covering tens of thousands of square feet. From California to Washington, to Oregon to Nevada, Grow Contractors provides products and services in all legal cannabis markets.
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