MCIG Completes Another Milestone
Harvest at Hemp Operation in New York to be Completed by the End of the Week
JACKSONVILLE, FL, Oct. 29, 2018 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE – mCig, Inc. (OTCQB: MCIG), an innovative hemp and cannabis corporation, is pleased to announce its first hemp harvest is expected to be completed by the end of the week.
Once the plants have dried, the buds will be stripped, bagged, and prepared for ethanol extraction. The development of high-output ethanol extraction equipment will allow the company to keep processing costs to a minimum. mCig will keep some of the plants to process for its own needs, including its new pet line, Artax, and its forthcoming pain cream. The remainder of the crop will be sold.
CEO of mCig, Paul Rosenberg, states: “The New York farm has now proven to be a viable revenue stream for the company. The farm has the ability to produce plants that pass inspection and can be successfully harvested. We are looking forward to our next planting in March 2019, which will expand our harvest to 120 acres.”
About MCIG Group (MCIG)
Headquartered in Jacksonville, Florida, 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.
Forward Looking Statements
This news release contains “forward-looking statements” which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as “anticipate”, “seek”, intend”, “believe”, “estimate”, “expect”, “project”, “plan”, or similar phrases may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company’s reliance on existing regulations regarding the use and development of cannabis-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate.
Contact: Paul Rosenberg - CEO [email protected]