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HENDERSON, NV / ACCESSWIRE / February 27, 2017 / mCig, Inc. (OTCQB: MCIG), a diversified company focused on the cannabis industry, announced today that it has entered into an asset purchase agreement with Stony Hill Corp. (OTCQB: STNY) for the purpose of pursuing mutually beneficial business opportunities in the Cannabidiol (CBD) Industry. Under terms of the agreement, MCIG will sell the VitaCBD brand to STNY, in exchange for total consideration of $850,000 in cash and common stock, and a 20% stake in VitaCBD, LLC, a subsidiary of STNY. Paul Rosenberg,SEE DETAILS
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LOS ANGELES, CA / ACCESSWIRE / February 27, 2017 / Stony Hill Corp. (STNY), a diversified company focused on the cannabis industry, announced today that it has entered into an asset purchase agreement with mCig., Inc. (MCIG). The parties have entered into an asset purchase agreement for the purpose of pursuing mutually beneficial business opportunities in the Cannabidiol (CBD) Industry. Under the terms of the agreement, mCig, Inc. will sell the VitaCBD brand to Stony Hill Corp., in exchange for total consideration of $850,000 in cash and common stock, andSEE DETAILS
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HENDERSON, NV / ACCESSWIRE / February 22, 2017 / mCig, Inc. (MCIG) announced today that, due to the closing of a significant transaction this week, management has elected to postpone the scheduled shareholder call one week, which will now be held on Tuesday, March 7, 2017 at 4:30 P.M. Eastern Time (ET). MCIG will discuss our outstanding third quarter numbers, the recent developments with our cost basis investments, and our future growth plans and vision. The event will include a panel discussion with the MCIG management team. Discussion topics willSEE DETAILS
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HENDERSON, NV–(Marketwired – Feb 10, 2017) – mCig, Inc., (OTCQB: MCIG), a diversified company servicing the legal cannabis, hemp, and CBD markets, came into a significant agreement with several MCIG’s major shareholders to reduce its common stock by 60 million shares by converting those shares into 6 million Series A Preferred Stock with a minimum 2 year lock up agreement. Paul Rosenberg, MCIG’s Chief Executive Officer, has also agreed to cancel an additional 20 million underlying common shares to further reduce the outstanding shares. “MCIG’s executives are committed to improvingSEE DETAILS
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HENDERSON, NV–(Marketwired – Feb 6, 2017) – mCig, Inc. ( OTCQB : MCIG ) Net Sales increase to $1.3M, a 546% increase year to year comparison and a 204% increase from previous quarter Net Income of $845K with an Adjusted Net Income of $118K is highest in company history for single quarter performance Cash position increases for third consecutive quarter with $341K generated by operating activities 4.3:1 Current Acid Test Ratio signifies healthy company with strong ability to pay current liabilities mCig, Inc., ( OTCQB : MCIG ), a diversifiedSEE DETAILS
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HENDERSON, NV, February 1, 2017 (Marketwired) – mCig, Inc., (OTCMarkets: MCIG), a diversified company servicing the legal cannabis, hemp, and CBD markets, announced today it has entered into legally binding subscription agreements with Paul Rosenberg, Chairman and Chief Executive Officer and Michael Hawkins, Chief Financial Officer for the issuance of 25,000 newly issued Series A Preferred shares each.  Under the agreements Mr. Rosenberg and Mr. Hawkins will subscribe for and purchase directly or through their own beneficially owned and controlled special purpose vehicle 25,000 shares of Series A Preferred stockSEE DETAILS
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