Business
mCig’s Subsidiary, Grow Contractors Inc., Announces it has Secured an Exclusive Management and Construction Contract With a Client and Property in Florida; Paves Way to Expanded Presence in Florida
mCig’s Subsidiary, Grow Contractors Inc., Announces it has Secured an Exclusive Management and Construction Contract With a Client and Property in Florida; Paves Way to Expanded Presence in Florida.
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[{"type":"text","content":"\n\n JACKSONVILLE, Fla., Jan. 04, 2018 (GLOBE NEWSWIRE) -- 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 Grow Contractors (GC) division has secured an exclusive construction and management contract with a client in the state of Florida.\n Florida’s evolving medical marijuana program has seen impressive growth with now more than 26,000 patients in Florida.  Financial experts predict that the Florida medical marijuana market is on pace to break $1 billion, rivaling Colorado by 2020. The client is a long-time agricultural expert with over 22 years of greenhouse hydroponic vegetable production experience, which is one of the required state licensing criteria. Grow Contractors has been contracted to complete operational planning activities, provide engineering and design work for the production and extraction facility, assist with city construction permitting, and help with the competitive state application. Upon the client being awarded a state license, GC will be further retained in the facility management process where the consulting firm will provide facility staffing solutions, a customized set of operational workflow procedures, and remote operational monitoring support for a percentage of the net profits. GC expects to leverage this contract to secure additional revenues through long-term consulting agreements and future sales of ancillary products, as the client is looking to seek licensure for the Florida recreational/adult-use cannabis program in the near future and branch into retail store-front locations. Rob Kressa, CEO of Grow Contractors Inc., commented: \"We are glad to be engaged with this client in the state of Florida, which I anticipate to become the second largest recreational market one day, after California. As a company, GC is actively seeking to align itself with strong clients who have an understanding of what it takes to achieve success. Needless to say, we are confident that our new client in Florida is equipped with the right property, team, and experience to be competitive, and we will strive to make them more and more competitive within the marketplace as we seek to be a long-term consulting solution for this group.\" \"With our headquarters re...