MCIG continues to spike as it is approaching 10% today as I write this. With the growing popularity of tabaccoless ecigarettes and the legalization of marijuana, mCig, Inc has sandwiched itself between two hot trends. Investors continue to learn more with today’s release of most recent developments and performance metric (http://www.mcig.org/investors/presentations/)
eCig beleives that the eCig trend represents one of the most important technological conversions since humans switched from horses to automobiles or calculators to computers. The opportunity is so exciting due to the sheer volume of people that consume plant material in conventional format which as of 2012 amounts to over 1.2 billion.
The also beleive that the movement toward marijana legalization is just in its infancy and that over the next decade marijuana will be fully decriminalized in most developed nations. As a business opportunit, they believe that this trend is similar to the one that occurred with alcohol after prohibition and that the ultimate market opportunity will be in excess of $100 billion a year.
About mCig, Inc.
mCig, Inc. (OTCQB:MCIG) is a technology company focused on two long-term secular trends sweeping the globe: (1) The decriminalization and legalization of marijuana for medicinal or recreational purposes (2) The adoption of electronic vaporizing cigarettes (commonly known as “eCigs”) by the world’s 1.2 Billion smokers. The company manufactures and retails the mCig – the world’s most affordable vaporizer priced at only $10. Designed in the USA – the mCig provides a superior smoking experience by heating plant material, waxes, and oils delivering a smoother inhalation experience. The company also owns Vapolution, Inc. which manufactures and retails home-use vaporizers such as the Vapolution 2.0. Through its wholly owned subsidiary, VitaCig, Inc. the company is preparing to launch the VitaCig, a $2 nicotine-free eCig that delivers a water-vapor mixed with vitamins and organic flavors. See more at: http://www.mCig.org/, www.Vapolution.com, and www.VitaCig.org
The Company believes that a well regulated marijuana industry is emerging as more states follow the lead of Washington and Colorado in legalizing marijuana. A similar trend is developing within the eCig industry following the first acquisition of an electronic cigarette brand (Blucigs) by a traditional tobacco company Lorillard Inc. for $135 million followed by another acquisition in February 2014 by Altria Group Inc. of Green Smoke for $150 million. Wells Fargo analyst Bonnie Herzog estimates that eCig sales may rise from $1 Billion in 2013 to $10 billion over the next three years.
mCig, Inc. (OTCQB:MCIG) has positioned itself as a first mover at the intersection of these two trends and hopes to create shareholder value by making the mCig one of the leading choices for electronic consumption of plant material.
Source: GlobeNewswire (February 28, 2014 – 5:00 AM EST)