Business
MCIG’s Supply Division Gross $1.5M Revenue in First Year
MCIG’s Supply Division Gross $1.5M Revenue in First Year.
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[{"type":"text","content":"\nExpanding Operations and Services to California and Colorado\n JACKSONVILLE, FL, May 22, 2018 (GLOBE NEWSWIRE) -- mCig, Inc. (OTCQB: MCIG), a leading distributor of innovative products, technologies, and services for the global medical cannabis industry is pleased to announce that it’s STARTUP Supply Division reached $1.5M in sales during its first year of operations.   MCIG’s supply division has become the “goto” organization for supplies needed in support of the recreational and medical cannabis movement in Nevada. With a well-developed infrastructure headquartered in Las Vegas, Cannabiz Supply, MCIG’s supply division operational entity, recently expanded operations into Southern California and is currently in the planning stages of opening a Colorado operation.  The Cannabis market continues to exceed all expectations since in the USA and worldwide.   Cannabiz Supply has recently entered into negotiations with two of the largest production empires and anticipates becoming their sole source provider in the upcoming months, further entrenching the operations in this blooming market.  Cannabiz Supply secured the packaging contract for the Cheech line of craft cannabis.   Charlie Fox, Cannabiz Supply CEO stated, “In addition to outward geographical expansion we continue to multiply our services. Our recent acquisition of labeling equipment to customize jar labels, lids, and bags in order to offer custom short order packaging using generic labels, which has never been done in the industry.”  He went on to say, “We have started purchasing and stocking California approved childproof packaging in anticipation of huge demand July 1 when California recreational laws take place. The expectation is the California recreational launch will dwarf the Nevada launch in which we say over a 400% increase in sales overnight.” MCIG continues to expand its operations with the end goal of being able to operate from seed to flower, flower to extract, extract to production, and production to distribution.  Paul Rosenberg, MCIG’s CEO stated, “Our partnership with Cannabiz Supply is a positive and strategic endeavor in MCIG achieving its short term and long-term goals.” About MCIG Group (MCIG) Headquartered in Jacks...