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mCig’s Subsidiary, Grow Contractors Inc., Announces it has Secured an Exclusive Management Contract in Sacramento, CA, Paving the Way to an Expanded Presence in the State
mCig’s Subsidiary, Grow Contractors Inc., Announces it has Secured an Exclusive Management Contract in Sacramento, CA, Paving the Way to an Expanded Presence in the State.
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[{"type":"text","content":"\n\n JACKSONVILLE, FL, April 20, 2018 (GLOBE NEWSWIRE) -- mCig, Inc. (MCIG) www.mciggroup.com, a diversified company servicing the legal cannabis markets, announced today that its subsidiary Grow Contractors (GC) has secured a minimum 3 year exclusive management contract with a client in Sacramento, CA. The project is currently underway and is approximately 50% completed. The GC team helped the client to secure all the necessary construction permits as well as the competitive city licenses. \n GC has provided consulting, engineering and design work for the production and extraction facility, which is projected to generate between 10 to 12 million a year, with 10 percent of net profits going to Grow Contractors monthly. The cultivation side will feature advanced lighting from Asgard Concepts, the Thor 1000W HPS, as well as two complete extraction lines for ethanol. It will also have automated filling and packaging machinery. This contract alone has already generated 200k in revenues for the company this current financial quarter.  “This facility is the third in our plan to create a network of manufacturers and cultivators that are able to produce better product at a more competitive price,” commented Rob Kressa, CEO of Grow Contractors Inc. “We are incredibly busy getting our clients online, but the end result will be an unstoppable group of extraction labs and cultivators that are united in creating products such as distillate and other extracts. The facilities will be able to complement each other and work together when it comes to filling large orders in the California recreational market. We will mostly focus on white-labeling products for other brands, but there are plans to create proprietary brands which will have lasting market value through GC. Be prepared for more announcements regarding innovative and hip California brands.” About MCIG Group (OTCQB:MCIG) Headquartered in Jacksonville, Florida, mCig, Inc. (MCIG) is a diversified company servicing the legal cannabis, hemp and CBD markets via its lifestyle brands. mCig, Inc. is committed to be the leading distributor of technology, products, and services to fit the needs of a rapidly expanding industry.   For more information visit our websites: https://www.mciggroup.com https://...