Another example of MCIG’s ramped up efforts into ‘real’ cannabis projects is the development of The NYAcres Project, a joint venture between NYAcres, Inc., a wholly owned subsidiary of MCIG and FarmOn! Foundation. The joint venture recently placed its first order for hemp seeds and is on schedule to plant the crop in New York state sometime this month.
In anticipation of the first crop, MCIG’s management has been focusing on developing a strategic plan for the HEMP division which is considered to be a direct line to the end consumers.
The plan for the HEMP division is straightforward. The company will make its own line of products using a developed oil under the supervision of its Director Of Research Development Dr. Arkady Uryash.
These products include:
- CBD pain relief cream - Skin/coat care and wellness products for Pets - Anti-aging and Active-aging creams with an improved formulation including Hemp Cannabidiol and Terpene components
MCIG management believes these new products will make this division one of the strongest revenue generators for the company...
...With the planned development of its own product, MCIG has now decided to invest in the cannabis equipment market as well...
MCIG CFO Mike Hawkins said, “We continue to execute on our business strategy while also remaining flexible and exploring new opportunities as they arise. It’s gratifying to see the growth and progress we’ve made with each line of business and we have been very aggressive about expanding our portfolio of marijuana licenses. Let me clarify the business model of MCIG one more time:
1. There will be ownership of different cannabis grow/manufacturing licenses in different states (through land acquisition)
2. We will be developing hemp farms and hemp/CBD products
3. We are expanding the Cannabis equipment manufacture and cannabis supply division
4. We will create an ownership interest in public companies through private company registrations.”...
Paul Rosenberg, MCIG’s CEO, stated, “We continue to expand operations and 2018 looks to be a very good year for MCIG. As we spin-off our tech division and supply division, we will focus on our development and growth into agriculture, extraction, and product development.”...
We are fully staffed and funded and are on schedule as projected. We have recently brought on an onsite Project Manager who will be working with our FarmOn! Foundation partners to ensure we remain on schedule and on tasks,” stated Paul Rosenberg, CEO of MCIG Inc. He went on to say, “We are in the process of outlaying our own extraction and product development facility within the state of New York.”