(Corporate Update) Potential catalyst on deck
Published: Mon, 08/01/16
 Traders, If you jumped on the link I sent you earlier, you would have seen today's play is MCIG. If not, you can keep reading below. MCIG announced news this morning that could be the catalyst to start the ball rolling. mCig Inc. Offers VitaCig E-Cig Division UpdateHENDERSON, NV--(Marketwired - Aug 1, 2016) - mCig Inc. ( OTCQB : MCIG ), a leading distributor of technology, products, and services in the Cannabis industry, announces VitaCig E-Cig Division Update: We are pleased to give our current and prospective shareholders an update on MCIG with regards to the recent separation between MCIG and VitaCig (VTCQ). Last month we announced that MCIG had come to an agreement to take control of VitaCig and roll its current company and assets into a subsidiary of MCIG. As part of the agreement, MCIG keeps 57,500,000 shares of VTCQ, has a $95,000 convertible note owed by VTCQ, and will no longer carry the financial burden associated with VTCQ. From an asset perspective MCIG kept all of the European/Asian distribution contracts that are already revenue producing. These contracts have guaranteed order requirements that have a potential three-year estimated value of $3.9 million USD. It is also important to note that MCIG will retain the name and branding associated with the VitaCig brands. "We are exceptionally happy to have been able to execute this agreement on behalf of MCIG and its shareholders. The company retains all of the Research and Development associated with this brand as well as a revenue-producing pipeline for one of the most robust CBD and E-Cig markets in the world. We couldn't be happier. MCIG continues to maintain close contact with new management of VTCQ, where we expect big things from in the near future," said Paul Rosenberg, CEO of mCig, Inc. He continued, "VitaCig has always been closely attached to MCIG. Since re-launch early this year, we have seen tremendous revenue growth and brand expansion. We continue to push forth in the European/Asian markets, as well as expanding into Canada, India, and South Africa. This division and everything that has gone from early stages of development till now will be one of our most profitable divisions. Our team has been focused on improving our revenue and simultaneously reducing our business costs drastically. As we move into the second part of 2016 we are better positioned in this escalating market, better than most of our peers. To 'stay the course' without taking on debt that would be detrimental to the company and its shareholders and simultaneously expand into other revenue verticals like our Scalable Solutions division positions MCIG as an industry leader." VitaCig is also pleased to announce the release of three new proprietary, MaxVG formula VitaCig® concepts and flavors under a newly labeled S-Edition line, which will include, SURGE B-12 + Energy Complex, SLEEP VitaCig® Edition, and Kama Sutra (SEX) VitaCig® Edition. Orders can be placed by visiting: http://www.vitacig.org/ VitaCig is not done with its S-Edition line, with several more proprietary formulas and flavors set for release later this year. For more information on MCIG Inc. please visit us at http://www.MCIG.org Read in full at http://finance.yahoo.com/news/mcig-inc-offers-vitacig-e-113000202.html All the best in the markets today, Shiznit -------------------------------------------------------------------------------------------------. Hello fellow investors / traders, I promised you a winner, so I am going back to a stock we have had success with in the past. A company that operates in a hot industry and trades on good volume. Get mCig, Inc (MCIG) on your screen right away. We love the technical setup on MCIG. Check out the chart we’ve annotated below. We first alerted members to MCIG back in March and its delivered 34% gains in just a few days on huge volume. On Friday, MCIG closed above its 50 and 100 day moving averages, a very bullish sign. You will also see very strong long term support just below $0.03. In our view, this makes MCIG a great potential risk v reward trade. Put simply, we think MCIG could get back to recent highs of $0.05-0.06 in the coming days and weeks. And confirmation of my analysis comes from BarChart.com which has given MCIG a BUY rating.
So we have ultra bullish technical trading setup, now let’s take a closer look at the company… Headquartered in Henderson, NV, mCig, Inc. (MCIG) is a diversified company servicing the legal cannabis, hemp and CBD markets via its lifestyle brands. MCIG has transitioned from a vaporizer manufacturer to industry leading large scale, full service cannabis cultivation construction company with its Scalable Solutions division currently operating in the rapidly expanding Nevada market. The company looks forward to growing its core competencies to service the Ancillary legal Cannabis, Hemp and CBD markets, with broader expansion to take place once federal laws change. MCIG believes that a well-regulated marijuana industry is emerging as more states follow the lead of Alaska, Colorado, Oregon, and Washington in legalizing marijuana. A similar trend is developing within the CBD and Hemp industries following overwhelming consumer demand. MCIG is committed to being the leading distributor of technology, products, and services for the global medical and legal recreational cannabis industry. The Company’s Master Distributor sales approach allows MCIG to partner with or acquire best-of-breed companies to serve as exclusive sales representatives, distributing their products through MCIG’s multiple channels and sub-distributors throughout the United States, Asia, Europe, and the United Kingdom. You can learn more about MCIG on their website http://mcig.org/
A new report by a leading marijuana industry investment and research firm found legal cannabis sales jumped 17%, to $5.4 billion, in 2015 and they will grow by a whopping 25% this year to reach $6.7 billion in total U.S. sales. The numbers are staggering, considered the first recreational dispensaries opened for business in Colorado only two years ago. ArcView Market Research recently released its fourth edition of The State of Legal Marijuana Markets report, and it includes the prediction that the legal cannabis market will see a whopping $21.8 billion in total annual sales by 2020. (By comparison, at that point, the legal marijuana market could be bigger than the National Football League, which saw roughly $12 billion of revenue last year but is aiming to reach $25 billion by 2027.) MCIG is perfectly poised to take advantage of this massive projected growth.
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