mCig, 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.
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Latest Financial News for MCIG
JACKSONVILLE, FL / ACCESSWIRE / July 16, 2019 / mCig, Inc. (MCIG) a leading distributor of innovative products, customized packaging solutions, technologies, and services for the global medical cannabis industry, announced today that its Chairman and CEO, Paul Rosenberg, is canceling 30 million shares of his own common stock and return the shares to the company treasury. The return of these shares demonstrates management's desire to maintain a capital structure that supports growth without resorting to the increasing of our authorized shares. Headquartered in Jacksonville, Florida, mCig, Inc. (MCIG) is a diversified company servicing the legal cannabis, hemp and CBD markets via its lifestyle brands.
JACKSONVILLE, FL / ACCESSWIRE / July 9, 2019 / mCig, Inc. (MCIG) a leading distributor of innovative products, customized packaging solutions, technologies, and services for the global medical cannabis industry, today announced that the company's board of directors has appointed Mike W. Aertker as Co-Chief Executive Officer, effective immediately. Mr. Aertker is a biomedical engineer with nearly 30 years’ experience in biomedical research, laboratory construction, mobile/modular facility construction, biocontainment operations and public/community relations. Mr. Aertker has worked both in academia and private industry in positions where he has been responsible for leading complex and highly regulated operations, technical design challenges and international business development.
Independent Comparison Reports Show at Least 20% Greater Photosynthetic Photon Flux Density (PPFD) Jacksonville, FL, June 25, 2019 -- via NEWMEDIAWIRE -- mCig, Inc..
JACKSONVILLE, FL, June 13, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- mCig, Inc. (MCIG) a leading distributor of innovative products, customized packaging solutions, technologies, and services for the global medical cannabis industry, today announced that it subsidiary CBJ Distributing has expanded its operations by adding new labeling, printing and in-house application capabilities that will shorten the turnaround time on production, eliminate the need for customers to work with multiple vendors, and further reinforce the Companies’ commitment to being a fully integrated partner for clients. “The acquisition and use of advanced labeling capabilities demonstrates our commitment to achieve our vision to be a one-stop shop supplier servicing cannabis growers, distributors, and dispensaries,” said Alex Levitsky, CBJ Distributing’s Managing Partner. Alex went on to say, “By working to offer more services, this will reflect in the value our customers get.
JACKSONVILLE, FL, June 10, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- mCig, Inc. (MCIG), a leading distributor of innovative products, customized packaging solutions, technologies, and services for the global medical cannabis industry, is pleased to announce the launch of the Company’s re-designed corporate website, now available at http://www.mciggroup.com. The new website will provide our partners and clients a user-friendly way to learn about MCIG's products and services, as well as providing our shareholders and potential investors a better understanding of the Company's vision. “This is the first step to reshaping the company and getting it back on track to what made us successful and a leader in cannabis markets,” stated Paul Rosenberg, CEO of MCIG.