Business
mCigs Subsidiary, Grow Contractors Inc, Helps Secure Cultivation and Production Licenses for its Client. mCig Positions Itself as a Strong Player in the California Market
mCigs Subsidiary, Grow Contractors Inc, Helps Secure Cultivation and Production Licenses for its Client. mCig Positions Itself as a Strong Player in the California Market.
About this update from Bots Inc.
[{"type":"text","content":"\n\n JACKSONVILLE, FL, Jan. 02, 2018 (GLOBE NEWSWIRE) -- mCig, Inc  (OTCQB: MCIG), a leading distributor of innovative products, customized packaging solutions, technologies, and services for the global medical cannabis industry, is pleased to announce that its Grow Contractors (GC) division has secured cannabis cultivation and manufacturing licenses for one of its clients in San Gabriel Valley, California. The licenses permit the production and sale of cannabis products throughout California, a state with a new recreational marijuana economy said to be valued at $7 billion and is currently takes 30% market share of the US cannabis market.  \n “It was a very competitive and stressful process, but ultimately the persistence of the client and our industry expertise compelled the city council to grant us one of these valuable dual-purpose licenses. There’s no limit to the size of our extraction facility and we are allowed 22,000 square feet of cultivation canopy, which will generate nice profits. The goal is to get a jump start on the inevitable demand in 2018.” said Robert Kressa, CEO of Grow Contractors. The next step is a build out separated into phases. Phase 1 will begin immediately with a small manufacturing facility to begin bringing in revenue as soon as possible, and a small nursery to begin breeding genetics and strain variability for later cultivation phases. Phase 2 will be the beginning of a fully permitted grow construction after engineering is complete, and Phase 3 will be a full 35,000 square foot manufacturing and cultivation build out. The facility will focus on cultivating high quality cannabis flowers by exclusive breeders such as DNA Genetics and Cannarado to supply its massive extraction operation. Organic methods will be utilized to create medicinal and lifestyle centric products, fill vaporizer pens, create edibles, and manufacture bulk distillate THC and CBD products. It will feature nearly every extraction method known to the industry in a state of the art setting built by Grow Contractors. Robert Kressa continues to say, “We also very close to signing a contract with another California retail client. With what’s said to be the 6th largest economy in the world, and the largest legal marijuana economy in the United States, California will be the strongest market for t...