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September 02, 2015 8:15 PM ET

Tobacco

Company Overview of mCig, Inc.

Company Overview

mCig, Inc. manufactures, markets, and distributes electronic cigarettes, vaporizers, and accessories under the mCig andVitaCig brand name in the United States. It offers electronic cigarettes and related products through its online store mcig.org, as well as through the company’s wholesale, distributor, and retail programs. The company was formerly known as Lifetech Industries, Inc. and changed its name to mCig, Inc. in August 2013. mCig, Inc. was founded in 2010 and is based in Beverly Hills, California.

433 North Camden Drive

6th Floor

Beverly Hills, CA 90210

United States

Founded in 2010

Phone:

310-402-6937

Fax:

425-462-5638

Key Executives for mCig, Inc.

Chairman of Our Board of Directors., Chief Executive Officer, President and Secretary
Age: 46
Compensation as of Fiscal Year 2014.

mCig, Inc. Key Developments

mCig, Inc. Reports Unconsolidated Sales Results for the Fourth Quarter and Year Ended April 30, 2015; Provides Sales Guidance for the First Quarter Ended July 31, 2015

mCig, Inc. reported unconsolidated sales results for the fourth quarter and year ended April 30, 2015. For the year, the company reported sales of $509,957. This represents an increase of approximately 42% or $151,010 from the sales for the year ended April 30, 2014 of $358,947. The unconsolidated revenue for mCig for the quarter ended April 30, 2015 was approximately $254,000, which represents a 334% increase over the unconsolidated revenue for the quarter ended January 31, 2015 of approximately $76,000. For the first quarter ended July 31, 2015, the company anticipates sales to exceed quarter-over-quarter growth of over 180%. The first quarter's anticipated revenue represents an increase of 138% over the fourth quarter of fiscal 2015.

mCig, Inc. announced delayed annual 10-K filing

On 07/29/2015, mCig, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.

mCig, Inc. Announces Sub-Distribution Agreement with JCP Wholesale

mCig, Inc. announced a Sub-Distribution Agreement with JCP Wholesale, a deal which has already resulted in $185,000 in sales and a contract for $1 million of future product sales in 2015. These agreements and others further expand mCig's national reach throughout the United States, allowing the company to penetrate smoke shops, dispensaries, and convenience stores throughout the South, West Coast, and Northeast with a wide arrange of products at competitive price points.

Similar Private Companies By Industry

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RBJ Sales, Inc. United States
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Swisher International, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 29, 2015
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