SOURCE: mCig, Inc.

mCig, Inc.

July 13, 2015 08:00 ET

mCig Announces Ultimate Cannabis Innovation Awards.

First-of-Its-Kind Event Gives Entrepreneurs Access to Investors, Distribution, and a Cash Prize

BEVERLY HILLS, CA--(Marketwired - Jul 13, 2015) - mCig, Inc. (OTCQB: MCIG), a leading provider of technology, products, and services for all aspects of the global medical and legal recreational cannabis industry, is proud to announce the launch of the first-ever Ultimate Cannabis Innovation Awards, a contest to identify the most innovative and exciting new products, services and entrepreneurial talent in the cannabis industry today. The event will be held in New York City on October 17, 2015.

The contest is the first-ever event of its kind, and will expose cannabis entrepreneurs to venture capitalists and provide them with access to branding experts, distribution, sales, marketing and operational channels that can catapult their business to the next level. A select few may have the chance to sign a Master Distribution contract with mCig, thus utilizing mCig's growing team of 65 salespeople to get their product or service into the hands of wholesalers and consumers. The Ultimate Cannabis Innovations Award is part of mCig's ongoing commitment to identify and bring to market the best and most innovative products in the cannabis industry.

mCig has partnered with Erica Duignan Minnihan, Managing Director of DreamIt Ventures to spearhead the competition and ensure that entrants will gain maximum exposure within the investment community, something that has eluded cannabis entrepreneurs until now.

"Traditionally, the venture capital community has stayed away from the cannabis industry, but now that it's become much more mainstream, we wanted to create a forum to bring together incredible innovations and talented entrepreneurs with the financing, sales and marketing strengths that mCig can provide," said Erica Duignan Minnihan.

"In the past five months as we've been restructuring the management and operations at mCig, we also realized that with so many exciting new products and services being developed, we didn't need to spend our resources on research and development," said Paul Rosenberg, CEO of mCig. "We'll be using this event to help us identify those companies that will help us enhance mCig's pipeline and build on our existing market-leading brands."

The panel of judges will feature executives from mCig and some of the leading venture and angel capital firms in the world, including:

Maury Winnick, Vice President of Global Sales, mCig, Inc.
Erica Minnihan, Managing Director, Community, Dreamit Ventures
Joshua Siegel, General Partner, Rubicon Venture Capital
John McEvoy, Founding Member & Managing Partner, Tribeca Angels

mCig has also partnered with United States Weed Channel (USWC), the first channel to exclusively dedicate itself to cannabis-based news, information and entertainment. USWC is available to more than 15 million Roku households and is currently in the process of expanding its availability to additional across-screen platforms such as Amazon Fire TV Stick, Apple TV, GoogleTV, Microsoft's Xbox and Sling TV.

The winning entrant of the inaugural 2015 Ultimate Cannabis Innovation Awards will receive a $25,000 cash prize. The contest will be held twice annually to ensure that the hottest trends, technologies, and innovations are represented. To submit an application go to http://cannabisinnovationawards.org/

About mCig, Inc.
mCig, Inc. (OTCQB: MCIG), operates as a Master Distributor for cannabis-related products; identifies and capitalizes on opportunities in the pharma sector of the cannabis industry; provides financing for innovative cannabis-related businesses; and creates technological solutions and applications for the industry. The mCig E-Cigarette and Portable Vaporizer Division provides a full range of smoking products for retailers and distributors, from disposable smoking devices to high-end heirloom pieces. The mCig CBD Hemp Oil Division houses the growing Chill product line and related nutraceuticals based on natural compounds found in cannabis and hemp plants. The mCig Software Division provides growers, dispensary owners, retailers, and others within the cannabis industry the software infrastructure they need to do business. The mCig Construction Division provides turnkey solutions for new and existing cultivators that allow for tightly controlled optimized growing environments. The mCig Technology and Consulting Division provides stakeholders who want to enter the cannabis industry, or want to improve their existing operations, the opportunity to access and capitalize on a vast pool of industry experience. The company is headquartered in Beverly Hills, California. Follow mCig Inc. on Twitter at @mCigs.

Safe Harbor Statement
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.

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