JACKSONVILLE, FL, Jan. 2, 2018 (GLOBE NEWSWIRE) — mCig, Inc. (MCIG), a leading distributor of innovative products, customized packaging solutions, technologies, and services for the global medical cannabis industry, is pleased to announce that its Grow Contractors (GC) division has secured cannabis cultivation and manufacturing licenses for one of its clients in San Gabriel Valley, California. The licenses permit the production and sale of cannabis products throughout California, a state with a new recreational marijuana economy said to be valued at $7 billion and currently takes 30% market share of the US cannabis market.
“It was a very competitive and stressful process, but ultimately the persistence of the client and our industry expertise compelled the city council to grant us one of these valuable dual-purpose licenses. There’s no limit to the size of our extraction facility and we are allowed 22,000 square feet of cultivation canopy, which will generate nice profits. The goal is to get a jump start on the inevitable demand in 2018.” said Robert Kressa, CEO of Grow Contractors.The next step is a buildout separated into phases. Phase 1 will begin immediately with a small manufacturing facility to begin bringing in revenue as soon as possible, and a small nursery to begin breeding genetics and strain variability for later cultivation phases. Phase 2 will be the beginning of a fully permitted grow construction after engineering is complete, and Phase 3 will be a full 35,000 square foot manufacturing and cultivation buildout.
The facility will focus on cultivating high quality cannabis flowers by exclusive breeders such as DNA Genetics and Cannarado to supply its massive extraction operation. Organic methods will be utilized to create medicinal and lifestyle centric products, fill vaporizer pens, create edibles, and manufacture bulk distillate THC and CBD products. It will feature nearly every extraction method known to the industry in a state of the art setting built by Grow Contractors.
Robert Kressa continues to say, “We also very close to signing a contract with another California retail client. With what’s said to be the 6th largest economy in the world and the largest legal marijuana economy in the United States, California will be the strongest market for the company. We receive numerous inquiries daily via our website, from cultivators, retailers, and manufacturers who want to improve their operations or tackle specific issues. In addition to construction and design, we are able to guide cannabis businesses through complicated regulations and optimize processes for their success. The number of requests seen from California is exciting.”
“We are looking forward to the success of our expanded presence in California with Grow Contractors and our Cannabis Supply division. In addition to current ownership interest negotiations, we also continue to work in securing a license for MCIG. California is indeed the largest marijuana economy we’ve seen, and we are thrilled to be a part of it.”, stated Paul Rosenberg, CEO of MCIG Inc.
About Grow Contractors
Grow Contractors is MCIG’s group of Cannabis consultants, engineers, architects, contractors, and grow experts combining over 100 years of experience and talent to bring clients efficient and high-quality grow spaces. Grow Contractors offers a practical approach to cannabis design, construction, and operations to create profitable and compliant facilities. The company provides a custom-tailored approach for every client because there is no universal approach to building a cannabis facility. Grow Contractors also offers several high tech greenhouse products from starter to advanced, high tech, greenhouse buildings capable of covering tens of thousands of square feet. From California to Washington, Oregon to Nevada, Grow Contractors provides products and services in all legal cannabis markets.
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About MCIG Group ( OTCQB : MCIG )
Headquartered in JACKSONVILLE, mCig, Inc. ( OTCQB : MCIG ) is a diversified company servicing the legal cannabis, hemp and CBD markets via its lifestyle brands. mCig, Inc. is committed to being the leading distributor of technology, products, and services to fit the needs of a rapidly expanding industry. mCig, Inc. has transitioned from a vaporizer manufacturer to industry leading large scale, full service cannabis cultivation construction company with its Grow Contractors division currently operating in the rapidly expanding Nevada market.
mCig, Inc. also employs a world renowned tech team and has recently entered the tech space to satisfy its evolving role in technology and in keeping its growing following up to speed.
The company looks forward to growing its core competencies to service the ancillary legal Cannabis, Hemp and CBD markets, with broader expansion to take place once federal laws change. With over seventy-five years of experience combined between the key players that make up the Cannabis Grow Contractors Division, mCig, Inc. is proud to work with Cannabis Industry leaders and provide broad and rounded solutions for legal growers nationwide.
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Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein are based on current expectations, but are subject to a number of risks and uncertainties. The factors that could cause actual future results to differ materially from current expectations include, but are not limited to, risks and uncertainties relating to the Company’s ability to develop, market and sell products based on its technology; the expected benefits and efficacy of the Company’s products and technology; the availability of substantial additional funding for the Company to continue its operations and to conduct research and development, and future product commercialization; and the Company’s business, research, product development, regulatory approval, marketing and distribution plans and strategies.
Paul Rosenberg – CEO