web analytics
4 C
Monday, December 5, 2022

Where is the Immediate Support for mCig Inc (OTCMKTS:MCIG)?

mCig Inc (OTCMKTS:MCIG) is making a big move up after the Company said they have formed a 100%-owned subsidiary, CannaProTech, LLC., in the state of Oregon for the purpose of processing and distributing cannabis and derivatives, along with future expansion into recreational retail locations. CannaProTech will also assist in the development of the mCig+ line of products, which will provide mobile vaporization in applications for the delivery of cannabis plant derivatives (CBD).

As we enter the season that pot stocks usually heat up speculators are giving MCIG a 2nd look; the stock is a standout amongst pot stocks; one has to be impressed with managements ”no dilution” policy as well as spectacular growth in revenues, low valuation and VitaCig, Inc. dividend, and spinoff.

In recent news, MCIG and its 47% owned affiliate VitaCig, Inc. will be launching a jointly operated retail outlet at the world renowned Dolby Theater (formerly known as the Kodak Theatre) located in the heart of Hollywood alongside the “Walk of Fame”, at the Hollywood & Highland Mall. This high-traffic area draws nearly 18 million visitors per year and over 100,000 cars per day. The Dolby Theatre also hosts some of the most important red carpet events and galas including studio movie premieres, the Grammy’s, and the Academy Awards (Oscars).

mCig Inc (OTCMKTS:MCIG) manufactures and sells the mCig; a revolutionary vaporizer product that is priced at just $10. Unlike traditional vaporizers that are infused with nicotine the mCig is purpose built for the consumption of a variety of plant materials. The consumer gets to choose what they want to put in there.

MCIG said they will soon release a new mCig version, code named: mCIG 2.5 next month that   features a newly redesigned and more robust power button for discreet use in low-light environments. It comes in two new colors: Metallic Blue or Red and includes a rechargeable 360 mAh battery, stainless steel chamber, silicon mouthpiece, USB charger and cleaning tool. The new mCIG 2.5 will also include a glass/ceramic chamber to store what you like.

Another big development on MCIG in recent months is their acquisition of Vapolution, Inc.; a Company that manufactures and retail home-use vaporizers such as the Vapolution 2.0 that uses a glass vapor path. By separating the air from the heating element, the taste of vapor is left unaltered. Connoisseurs agree that the purity and the density of vapor through a wholly glass path is what makes Vapolution 2.0, one of the best vaporizer’s on the market.

Following on management’s vision of no dilution the Vapolution, Inc; acquisition was a non-dilutive transaction in which they issued 5m shares representing 1% of their fully diluted capital structure. CEO Paul Rosenberg matched this by cancelling 5mm shares of MCIG stock out of his personal holdings.

To Find out the inside Scoop on MCIG Subscribe to Microcapdaily.com Right Now by entering your Email in the box below

According to the 10Q MCIG filed on September 19 they reported revenue for the three months ended July 31, 2014 of $195,565, representing a 1,500% increase over revenues of $12,500 over the same period in 2013. HUGE

MCIG is at the right place at the right time; the move to electronic cigarettes, (commonly known as E-cigs) is quickly gaining traction as smokers look to healthier, more cost efficient alternatives to regular cigarettes.

mCig Inc seems to be the clear leader in this fledgling industry expected to grow into a $10 billion dollar market over the next few years. As long as the Company continues to build market share and make a better product than the competition shareholders could be in for really big things.

MCIG is a stock with a history of spectacular moves running from under a penny to highs of $0.922 per share earlier this year. As we come into the season that pot stocks usually heat up MCIG is one to watch. The recently announced retail outlet at the Dolby Theater is a big step and could be a driving catalyst in the coming weeks.

We have a Monster Pick Coming. Subscribe Right Now!

MCIG has a lot going for it; management is not diluting the stock and they seem focused on creating shareholder value and building a profitable Company over the long run. From a technical standpoint it looks as if the dip below $0.15 might be the reversal point shareholders have been waiting for. As we come into the season when pot stocks usually heat up MCIG deserves to be on investors closely watched.

Subscribe to Our 100% Free Penny Stock Newsletter. We Have Something Big Coming!

Disclosure: we hold no position in MCIG either long or short and we have not been compensated for this article.



More articles


Please enter your comment!
Please enter your name here

Latest article

Sign up now for our 100% FREE Penny Stock Newsletter

Privacy Policy. we will never share your email with anyone.