SOURCE: mCig, Inc.

mCig, Inc.

May 09, 2016 08:00 ET

mCig Inc. Update on Cultivation Project Developments; mCig, Inc. - New Initiatives and Business Development

HENDERSON, NV--(Marketwired - May 9, 2016) - mCig, Inc. (OTCQB: MCIG), Grower Services Division 'GSD,' the emerging leader in Marijuana Cultivation construction, has begun construction on multiple announced projects. Construction has begun with projects that have gone through engineering and project design acceptance by appropriate authorities and our customer.

Paul Rosenberg, CEO, comments, "I read much about how the investment community views our company. It is important to keep our shareholders and the investment community informed about our business development and emerging market penetration. Our recent commitment to building for the Cannabis culture is strong. Nevada is one of the hottest markets for investment and growth today in Cannabis. All our announced contracts have short and long term revenue streams. Each one will complete phase 1 and we look forward to fully developing their entire project as they grow financially with us."

"The recent appointment of our CFO, Mike Hawkins, is a direct commitment to construction growth. He comes with vast experience in modular and green building technologies, recognized as an industry expert who has presented to the United Nations on green and rapid building technologies, and it's strengthening development worldwide. Mike will be of great value in contract negotiations and consulting that comes with construction to form a consulting arm which will help match growers with capital. He has assisted both private and public companies in approximately $300 million in debt and equity financing throughout his career."

MCIG has served the marijuana industry consistently for almost 4 years, and has seen unprecedented growth in revenue during the past year. As of the April 30th (FY 2016 close) MCIG clearly will have another record breaking year for both revenue increasing year over year, but also with lowest expenses year to date. Our business expansion into the growing need of Cannabis infrastructure requirements by way of large scale facilities construction will drive 2017 revenues to a certain new high again, and will further strengthen our community standing.

MCIG's main advantage is our longevity in the business, adopting to industry trends, and having the expertise to fully develop a project from start to finish. As MCIG continues to expand its business development opportunities, these skills allow MCIG to provide not only contracting, and construction, but equipment sales and consulting services, to a rapidly growing billion dollar industry. MCIG's continues to focus on long term stable revenue streams as cultivations grow in size year over year and with an eye on profitability.

About mCig, Inc.

Headquartered in Henderson, NV, mCig, Inc. (OTCQB: MCIG) is a leading provider of advanced technologies and solutions to the global cannabis industry. The company believes that a well-regulated marijuana industry is emerging as more states follow the lead of Alaska, Colorado, Oregon, and Washington in legalizing marijuana. A similar trend is developing within the CBD and Hemp industries following overwhelming consumer demand.

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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