BEVERLY HILLS, Calif., Dec. 29, 2014 (GLOBE NEWSWIRE) — mCig®, Inc. (OTCBB:MCIG) (“mCig”), a technology aggregation that owns, manufactures, and distributes the mCig®, VitaCig®, and Vapolution products, is admiring to advertise that the Aggregation has formed a 100%-owned subsidiary, CannaProTech, LLC., in the accompaniment of Oregon for the purpose of processing and distributing cannabis and derivatives, forth with approaching amplification into recreational retail locations. CannaProTech will additionally abetment in the development of the mCig band of products, which will accommodate adaptable dehydration in applications for the commitment of cannabis bulb derivatives (CBD).
mCig, Inc. and CannaProTech, LLC are advancing absolute agreements with two acclaimed and continued accustomed Medical Marijuana growers in Oregon with large, advantageous amoebic cannabis farms. These agreements will acquiesce for CannaProTech to anon access medical-grade cannabis for use in extractions, distribution, and retail sales.
In 2015, CannaProTech will rapidly aggrandize and activate to action and abstract cannabis, authorize administration agreements, and access retail locations. The aggregation affairs to assignment with several absorbed business owners that a own agricultural, industrial, and retail backdrop amid throughout Oregon, some of which are already alive aural the medical marijuana arrangement currently in abode beyond the state. CannaProTech LLC intends to administer and access assorted permits from the Accompaniment of Oregon, including processing, distribution, and retail licenses for acknowledged bartering cannabis sales in 2015.
“While ytical accepted growing operations and administration channels in acknowledged marijuana states, mCig Inc. has been administering all-encompassing ysis to yze cardinal access credibility into the acknowledged cannabis sector. CannaProTech will be a key ysis in the aggregation as mCig Inc. moves against the processing of bulb material, accomplishment and distributing accessories acclimated to action bulb material, and accumulation cannabinoids into our artefact lines. Our acquaintance in adaptable dehydration and applications for the commitment of cannabis bulb derivatives and molecules will be basic to the success of this initiative. We accept that our articles and cast acceptance accommodate us with a bartering befalling to accomplish and administer pre-packaged accessories with assorted cannabis bulb molecules such as CBD, THC, CBG, CBN, THCV, CBDV, CBDA, and others. After commutual a few circuit of testing utilizing CBD and THC, these molecules accept been auspiciously administered utilizing our dehydration technology, and are slated for a 2015 release.” – Paul Rosenberg, CEO of mCig, Inc.
About mCig, Inc.
mCig, Inc. (MCIG) is a technology aggregation focused on two abiding civil trends across-the-board the globe: (1) The decriminalization and amends of marijuana for alleviative or recreational purposes (2) The acceptance of cyberbanking vaporizing cigarettes (commonly accepted as “eCigs”) by the world’s 1.2 Billion smokers. The aggregation articles and retails the mCig(R) — the world’s best affordable aerosol priced at alone $10. Designed in the USA — the mCig(R) provides a above smoker acquaintance by heating bulb material, waxes, and oils carrying a smoother assimilation experience. The aggregation additionally owns Vapolution, Inc. which articles and retails home-use vaporizers such as the Vapolution 2.0. Through its 47% endemic affiliate, VitaCig, Inc. the aggregation articles and retails the VitaCig(R), a $5 nicotine-free eCig that delivers a water-vapor alloyed with vitamins and accustomed flavors. The aggregation believes that a able-bodied adapted marijuana industry is arising as added states chase the advance of Washington and Colorado in legalizing marijuana. A agnate trend is developing aural the eCig industry afterward the aboriginal accretion of an cyberbanking cigarette cast (Blucigs) by a acceptable tobacco aggregation Lorillard Inc. for $135 actor followed by addition accretion in February 2014 by Altria Group Inc. of Green Smoke for $150 million. Wells Fargo yst Bonnie Herzog estimates that eCig sales may acceleration from $1 Billion in 2013 to $10 billion over the aing three years.
mCig, Inc. (MCIG) has positioned itself as a aboriginal mover at the circle of these two trends and hopes to actualize actor amount by authoritative the mCig(R) one of the arch choices for cyberbanking burning of bulb material. – See added at: http://www.mcig.org/investors/investor-opportunity-subpage/
Safe Harbor Statement
Any statements independent in this columnist absolution that do not call absolute facts may aggregate advanced statements as that appellation is authentic in the Private Securities Litigation Reform Act of 1995. Any advanced statements independent herein are based on accepted expectations, but are accountable to a cardinal of risks and uncertainties. The factors that could account absolute approaching after-effects to alter materially from accepted expectations include, but are not bound to, risks and uncertainties apropos to the Company’s adeptness to develop, bazaar and advertise articles based on its technology; the accepted allowances and ability of the Company’s articles and technology; the availability of abundant added allotment for the Aggregation to abide its operations and to conduct ysis and development, and approaching artefact commercialization; and the Company’s business, research, artefact development, authoritative approval, business and administration affairs and strategies.
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