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As we enter the season that pot stocks usually heat up speculators are giving MCIG a 2nd look; the stock is a standout amongst pot stocks; one has to be impressed with managements ”no dilution” policy as well as spectacular growth in revenues, low valuation and VitaCig, Inc. dividend, and spinoff.
In recent news, MCIG and its 47% owned affiliate VitaCig, Inc. will be launching a jointly operated retail outlet at the world renowned Dolby Theater (formerly known as the Kodak Theatre) located in the heart of Hollywood alongside the “Walk of Fame”, at the Hollywood & Highland Mall. This high-traffic area draws nearly 18 million visitors per year and over 100,000 cars per day. The Dolby Theatre also hosts some of the most important red carpet events and galas including studio movie premieres, the Grammy’s, and the Academy Awards (Oscars).
mCig Inc (OTCMKTS:MCIG) manufactures and sells the mCig; a revolutionary vaporizer product that is priced at just $10. Unlike traditional vaporizers that are infused with nicotine the mCig is purpose built for the consumption of a variety of plant materials. The consumer gets to choose what they want to put in there.
MCIG said they will soon release a new mCig version, code named: mCIG 2.5 next month that features a newly redesigned and more robust power button for discreet use in low-light environments. It comes in two new colors: Metallic Blue or Red and includes a rechargeable 360 mAh battery with such as Kodak KLIC-5000 Battery, Kodak EasyShare LS420 Battery, Kodak EasyShare LS633 Battery, Kodak CR-V3 Battery, Kodak KLIC-8000 Battery, Kodak EasyShare C300 Battery, Kodak EasyShare CX7300 Battery, Kodak EasyShare DX6440 Battery, Kodak EasyShare Z740 Battery, Kodak KLIC-3000 Battery, Kodak 4E0111 Zoom Battery, Kodak DCS-760 Battery, stainless steel chamber, silicon mouthpiece, USB charger and cleaning tool. The new mCIG 2.5 will also include a glass/ceramic chamber to store what you like.
Another big development on MCIG in recent months is their acquisition of Vapolution, Inc.; a Company that manufactures and retail home-use vaporizers such as the Vapolution 2.0 that uses a glass vapor path. By separating the air from the heating element, the taste of vapor is left unaltered. Connoisseurs agree that the purity and the density of vapor through a wholly glass path is what makes Vapolution 2.0, one of the best vaporizer’s on the market.
Following on management’s vision of no dilution the Vapolution, Inc; acquisition was a non-dilutive transaction in which they issued 5m shares representing 1% of their fully diluted capital structure. CEO Paul Rosenberg matched this by cancelling 5mm shares of MCIG stock out of his personal holdings.
According to the 10Q MCIG filed on September 19 they reported revenue for the three months ended July 31, 2014 of $195,565, representing a 1,500% increase over revenues of $12,500 over the same period in 2013. HUGE
MCIG is at the right place at the right time; the move to electronic cigarettes, (commonly known as E-cigs) is quickly gaining traction as smokers look to healthier, more cost efficient alternatives to regular cigarettes.
mCig Inc seems to be the clear leader in this fledgling industry expected to grow into a $10 billion dollar market over the next few years. As long as the Company continues to build market share and make a better product than the competition shareholders could be in for really big things.
MCIG is a stock with a history of spectacular moves running from under a penny to highs of $0.922 per share earlier this year. As we come into the season that pot stocks usually heat up MCIG is one to watch. The recently announced retail outlet at the Dolby Theater is a big step and could be a driving catalyst in the coming weeks.