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mCig Inc. Updates Shareholders on NYAcres Hemp Project and New CBD Product Line
mCig Inc. Updates Shareholders on NYAcres Hemp Project and New CBD Product Line.
About this update from Bots Inc.
[{"type":"text","content":"\nJacksonville, FL, July 09, 2018 (GLOBE NEWSWIRE) -- mCig, Inc. (OTCMKTS:MCIG), a diversified company servicing the legal cannabis markets, announced today an update for its HEMP project and new line of CBD products, soon to be hitting the markets.\n “NYAcres Project growing 40 acres of Industrial Hemp- a CBD concentrated organic variety called Cherry Wine - is on target with projections to yield 55,000 pounds of flower for production of organic CBD oil.  Five fields are planted and secured on the 220-acre organic certified farm with daily maintenance and irrigation to mitigate mother nature's whims and cross pollinated with organic honey bees to strengthen conditions for production.  This summer Hudson Valley's long hot sunny days and cool nights are ideal for growing conditions,” said CEO, Tessa Edick of NYAcres “The company started to sell Hemp/CBD products back in 2015 and later introduced its own brand, VITACBD, that was sold in 2017, to another public company and only later that year, the company re-entered hemp market by establishing a joint venture with Farm!On Foundation with a plan to grow hemp in NY State,” started Paul Rosenberg, MCIG INC. CEO “With different company divisions getting a traction and starting to show a real growth we finally decided to jump start our CBD division with an introduction of a new line of hemp products, that will include natural skin cosmetics, full spectrum tinctures and probiotic pets edibles. Today we have all the right pieces in place together: a hemp farm run by professional farmers, experienced research and development team, led by Arkady Uryash, MD PhD, and strong goal oriented sales and marketing team. The big role in our growth strategy will play online sales, where the company will introduce its new online store but also a marketplace of CBD products from different manufactures, long awaited project, that only now can be a success with having on board a new team of professionals,” continued Paul Rosenberg.  “We see changes on the horizon for our industry. The company commends the U.S. Senate for passing the 2018 Farm Bill in a 86-11 vote, on June 28, 2018. Hemp legalization is drawing support from both sides of the political aisle as legislators learn more about how hemp can provide much needed revenue streams to farmers a...