SOURCE: mCig, Inc.

mCig, Inc.

October 04, 2016 07:00 ET

mCig Updates Shareholders on Sin City Project

Project Increases to Over $500k

HENDERSON, NV--(Marketwired - Oct 4, 2016) - mCig, Inc. (OTCQB: MCIG), a diversified company serving the legal cannabis, hemp, and CBD markets, updates shareholders on Sin City Phase 1 Project. The project is underway, materials have been ordered, construction has begun, and the project is currently 45% complete. Sin City has grown from an original $200,000 budget to a $500,000 approved and funded project with current add-ons that could see the project grow even higher. Current improvements were upgraded to accommodate a four tier grow system which has been designed, approved, and permitted. These upgrade improvements are in line with management's previous announcements that our construction projects will typically increase in value over the course of construction.

"Now that we have completed the State requirements and approvals process we can move forward with our construction segments. The process from here on will move quickly through this phase and expedite the process for current & future phases. We are proud to announce we are ahead of schedule and expect completion before the end of this calendar year 2016," says Jori Olsen, VP of Sales for Scalable. "As the State of Nevada gets comfortable with these types of approvals, we're seeing faster turnaround of documentation for Scalable Solutions due to our methodical process. This has allowed us to not only be efficient with the time projections related to operations, but has also led to new business opportunities for our experienced team. Scalable's reputation is growing as a construction leader in Nevada and we expect more deals to be announced soon, as well as continued expansion on current projects."

We continue to encourage our shareholders to follow the project under "project update" with video, pictures, and mile marker funding announcements through our website at www.mCig.org.

About Scalable Solutions, Inc.

Headquartered in Henderson, Nevada, Scalable Solutions, Inc., is dedicated to servicing the Cannabis industry as a leading large scale Cannabis cultivation construction company and consultant. The company provides full planning, design, construction, equipment, and consulting services for large scale grows, modular Growpod technology for warehouse conversions, and a line of home grow units to fully capture all aspects of Cannabis growers' needs.

About mCig, Inc.

Headquartered in Henderson, Nevada, mCig Inc. (OTCQB: MCIG) A diversified company servicing the legal cannabis, hemp and CBD markets via its lifestyle brands. MCIG has transitioned from a vaporizer manufacturer to industry leading large scale, full service cannabis cultivation construction company with its Scalable Solutions division currently operating in the rapidly expanding Nevada market. 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. For more information visit www.mcig.org.

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.

Contact Information

  • Contact:

    Paul Rosenberg
    Attn: Chief Executive Officer
    info@mcig.org