mcigmCig, Inc. is a company that specializes on developing, manufacturing, and distributing portable vaporizers such as Vapolution 2.0, VitaCig, mCig 2.0, and other vaporizing products. Founded in 2010 and formerly known as LifeTech Industries, Inc., the Washington-based company changed its name to mCig, Inc. in August 2013. The company aims to make its products the top choice for the electronic consumption of plant materials, waxes, and oils. It trades in the OTC market under the symbol MCIG.

As states continue to follow the lead of Colorado and Washington in terms of legalizing marijuana, mCig, Inc. is a firm believer that the regulated marijuana industry is evolving rapidly, and that a similar trend is emerging in the eCig or electronic vaporizing cigarette industry. According to analysts, electronic cigarette sales may reach $10 billion from just $1 billion in the next three years. After realizing the opportunities available in the legal marijuana industry, mCig, Inc. created a consumer product that would solve the market gap in between the increasing eCig usage trend and marijuana legalization.

mCig, Inc. utilized its extensive experience in the field of water filtration and vaporization, engineering and designing a consumer device loosely based on the electronic cigarette. The difference between the mCig and a traditional eCig, however, is that the former heats various loose-leaf herbs instead of being pre-packed with plant materials or vapor. The mCig gives consumers the option of consuming the plant materials of their choice, as not everyone has a preference for nicotine. Due to the mCig, Inc.’s innovative design, the company is positioned to be the leading device for the consumption of legalized marijuana, traditional tobacco, and other herbs.

With a very affordable price point, the mCig is not just among the cheapest eCigs around, but it is also more inexpensive than any other competing product that allows for the heating of loose-leaf herbs.

mCig, Inc. believes that as the first mover in the industry, their ability to leverage technology allows their product to be a game-changing device and will allow for a more efficient alternative to traditional cigarettes.

Yahoo! Finance: MCIG News

Latest Financial News for MCIG

BOTS Inc. Announces Acquisition of D’BOT Technology Corp to Make Cryptocurrency Trading Safer and More Accessible to the Public

JACKSONVILLE, FL, May 26, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- BOTS, Inc.  (MCIG) (GERMAN EXCHANGE: M06.SG), emerging innovator of products, technologies, and services for the rapidly growing robotics industry - announced today the acquisition of D’BOT Technology Corp (“D’BOT”). D’BOT has developed several cutting-edge AI powered trading bot platforms (in Beta phase) and has an experienced team of developers with expertise in robotic automation processes and enterprise grade blockchain platforms to deliver advanced crypto and financial services with unprecedented security and transaction speeds. BOTS, Inc ($BOTStm ) plan is to leverage the technological platform powered by D’BOT in different industry segments in order to generate revenue by introducing a novel hybrid decentralized cryptocurrency exchange that has many innovative features such as its own unique DEX blockchain.

mCig, Inc. Announces Corporate Name Change to Bots, Inc. to Reflect Broader Technology Development Commitment

JACKSONVILLE, FL, May 18, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- BOTS, Inc. - formerly mCig, Inc. (MCIG), a leading distributor of innovative products, technologies, and services for the global medical cannabis industry - announced today that it has changed its corporate name to BOTS, Inc. ( The name change reflects the company's broader advanced technology commitment and its expertise in driving the innovations needed to shape the future of robotic automation management through digital technology and decentralized blockchain solutions. "The new name – BOTS, Inc. – allows us to emphasize our wide-ranging business objective around changing the way automation is delivered between service providers and businesses, with the goal of increasing access, lowering costs and improving quality," said Paul Rosenberg, CEO of the Company.

MCIG CEO Issues Shareholder Letter for Post-Pandemic Strategy

JACKSONVILLE, FL, May 11, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE --mCig, Inc. (MCIG)  CEO Paul Rosenberg publishes an open status letter to Shareholders. The cannabis industry received a surprise classification during the Covid-19 pandemic, - “essential business.” It’s not just the US — cannabis legalization and consumption is taking the whole world by storm.

Obitx Inc., 49% Owned by mCig, Inc., Received FINRA Approval for Trading Symbol (OBTX)

JACKSONVILLE, FL, March 19, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – mCig, Inc. (MCIG), an innovative biotech company focused on development and commercialization of over the counter, science-driven, botanical nutrigenetics targeting the endocannabinoid system, medical devices, and research & development, today announced that the Financial Industry Regulatory Authority (FINRA) approved electronic quotation on the OTC Bulletin Board of common shares of OBITX Inc, under the symbol OBTX. MCIG Inc, owns 49% of Obitx Inc. Recently satisfying all requirements of rule 15c2-11, OBTX has been granted a symbol to be listed on the OTC Markets making the company stock more attractive to potential investors and increasing visibility within U.S. equity markets.

mCig Inc. Signs Letter of Intent With Multi-State Licensed PCAB Accredited Compounding, Retail, and Specialty Pharmacy Network

JACKSONVILLE, FL, March 13, 2020 -- via NEWMEDIAWIRE -- mCig, Inc. (MCIG), an innovative biotech company focused on development and commercialization of over the counter,.