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mCig, Inc. CEO Announces Shareholder Update Letter; Outlines Company Strategy for 2018
mCig, Inc. CEO Announces Shareholder Update Letter; Outlines Company Strategy for 2018.
About this update from Bots Inc.
[{"type":"text","content":"\n\n Jacksonville, FL, April 10, 2018 (GLOBE NEWSWIRE) -- mCig Inc., (OTCBB: MCIG), a leading provider of technologies and solutions for the legal medical and recreational marijuana industry, CEO discusses and outlines the company’s strategy for 2018.\n Paul Rosenberg, MCIG CEO, begins the announcement by stating, “With the recent growth in our business over the past couple of years we want to take this opportunity to thank our investors and shareholders for your investment and ongoing support in our Company. I feel it is important for us to continue to keep the market aware of our current projects and our strategic agenda for 2018 and well into the future.” MCIG expects to release its third-quarter numbers within the next couple days. The Company has been in the process of three audits with its subsidiaries requiring additional time in meeting its quarterly obligations which typically go unaudited. A recent S-1 registration statement was filed by mCig for its marketing consulting subsidiary, OBITX Inc. With OBITX spinning off into its own publicly traded entity, all MCIG shareholders can expect to receive shares once the filing process has completed. First comments have been received from the SEC and MCIG has responded accordingly. This whole process takes multiple communications between an SEC reviewer and management before final approval is granted to become a publicly traded company. There should be a response from the SEC by the end of April. As the main shareholder of OBITX, MCIG management believes the current management team for OBITX has progressed the business enough to warrant its spin-off. This progress has been displayed by their work on multiple projects for its growing roster of clients helping them to utilize blockchain technology by infusing it into their existing business models. MCIG expects OBITX management to make announcements in the very near future about its current portfolio of signed partners and projects. While some of MCIG’s subsidiaries and their management teams have focused on synergistic opportunities within the cannabis communities, MCIG management has been focusing on turning 2018 into the year MCIG institutes its own production by creating 'real' cannabis projects. With that in mind, MCIG is expecting a final decision from California City, CA, in regards to receiving lic...