Business
MCIG Shareholder Update - CEO Defines Direction of the Company
MCIG Shareholder Update - CEO Defines Direction of the Company.
About this update from Bots Inc.
[{"type":"text","content":"\n\n JACKSONVILLE, FL, Dec. 28, 2017 (GLOBE NEWSWIRE) -- mCig, Inc. (OTCQB: MCIG), a leading distributor of innovative products, customized packaging solutions, technologies, and services for the global medical cannabis industry, announces today a renewed and revitalized vision and direction for the company. CEO, Paul Rosenberg explains:\n “In the last couple of months, we received many questions from our shareholders as to what direction the company is taking. In this shareholders update I will define the strategy going forward for the company. Let’s start with a visual chart that we put together for our shareholders and future potential investors to better understand the business model. This chart can be found at our corporate website: www.mciggroup.com MCIG is one of the oldest public marijuana companies on the market today. The company started as a vape company, but having gone through shifts and changes in our business’ direction, MCIG evolved and is now a holding company. MCIG’s involvement in the cannabis industry today primarily consists of a diversified portfolio of ownership in our construction, consulting, packaging and accessories businesses, with an immediate objective to own our own cannabis cultivation license and grow.  We are focused on a vertically integrated business model, playing the roles of manufacturer, wholesaler and retailer. We understood the importance and need for the company to grow and distribute cannabis products, and this portion of our company is continuously evolving.   MCIG has given focus on land acquisitions s(such as our California City cultivation project) and in obtaining cultivation licenses to grow, manufacture and distribute our own cannabis products. Additionally, MCIG understood the importance of investing in HEMP projects.  In 2017, we struck a big deal enabling us to grow organic hemp in New York.  After having received interest from different groups in our hemp project, the company, after careful consideration, decided to increase production efforts.  The initial goal had been to grow hemp on 40 acres of land; this has since expanded to 90-120 acres of land for the first harvest.  MCIG is currently also looking at other opportunities to acquire additional acres of land for extended hemp projects.  In addition to owner...