Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Bloomberg Customers


February 13, 2016 10:56 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

Key Executives for mCig, Inc.

Chairman of Our Board of Directors., Chief Executive Officer, President and Secretary
Age: 46
Chief Financial Officer, Chief Operating Officer, Principal Accounting Officer and Director
Age: 51
Compensation as of Fiscal Year 2015.

mCig, Inc. Key Developments

mCig, Inc. Announces the Official Launch of Vapolution 3

mCig, Inc. announced the official launch of Vapolution 3 (AKA VAP3). Vapolution, a wholly-owned mCig entity, has been making desktop vaporizers with an all glass vapor path since 2000. Vapolution prides itself on having the best tasting vapor and the best customer service in the industry. The VAP3 is available now for a limited time price of $249 at http://vapolution.com, and will be available to wholesale and to be distributed along with the many other MCIG products in nationwide sales channels. VAP3 is a microprocessor controlled heating device with an all glass vapor path. Temperature feedback is provided by a rugged industrial temperature sensor. Every VAP3 heater is made in Chico, CA from raw materials that are 100% USA sourced. The temperature range is 212 - 452 i1/2F (100 - 233 i1/2C) and the VAP3 will warm up from room temperature in less than 2 minutes. The Glass Heater Sleeve is removable, so cleaning or replacing it is very easy. The heating area is 25% larger in diameter and 50% larger in area when compared to the Vapolution 2. This means bigger hits, better airflow and larger loads. A water filtration option is available called the Hydrotube, user can infuse user herbs with the Infuser, or direct draw though the company's all glass straw called the All-In-Wonder Bowl. The new device will run on 12V DC power allowing it to be plugged into any 12V outlet. The VAP3 glass sleeve is illuminated by LED, creating a beautiful visual feature that allows users to view illuminated vapor as it rises from the heater through the sleeve, a unique feature during the vaping experience. All of the attachments are glass, which makes the entire vapor path glass on glass. The air path is never exposed to hot metal, ceramics, or plastics. This is what makes Vapolution vapor taste so much better than the competition. At $249, it comes in way under the $599 price point of the digital Volcano. 100% Digital - The Vapolution 3.0 is a closed loop device utilizing a 16 MHz 8 Bit Microcontroller to monitor and control the temperature of the heater. The feedback is returned through a K-type thermocouple and the set temperature and actual temperature are displayed in real-time dynamically on an LCD screen that is illuminated. Upgraded Safety - The Vapolution 3.0's safety system has been upgraded to include a back- ground monitor to constantly gauge the heater and thermocouple for problems. Any issues identified result in an immediate system-shut down preventing overheating and maintaining the integrity of the system. Sleep Timer - The VAP3 has a built in sleep timer that will automatically switch the vaporizer to sleep-mode after 45 minutes of use. All Glass Vapor Path - The VAP3 will include an improved version of the company's signature all-glass path. The new all-glass vapor path will be larger to account for the larger heater and allow for more plant material to be loaded providing improved airflow throughout the device. Stealth Mode - The Vapolution 3 comes with a "Stealth Mode" which is activated or deactivated by pressing both temperature buttons at the same time. When the mode is active, the heater sleeve LED and the LCD backlight is automatically disabled turning the VAP3 completely dark. This feature allows users to enjoy the device while maintaining total privacy. Hydro Tube - Another next-generation feature: The Hydro tube will be one of the most popular accessories for the VAP3. This device allows for an all glass water filter to be attached to the bowl creating an all glass, water filtered air path.

mCig, Inc. Unveils its Own Branded CBD Vape Pen and e-Liquid

mCig, Inc. unveiled its own branded CBD Vape pen and e-liquid that were developed in house. The new product, Kavva Vape, is an e-liquid that combines the healing powers of CBD hemp oil and Kava extract. Kava Kava (Piper methysticum) belongs to the same family as pepper and is a tall shrub native to the tropical islands of the South Pacific Ocean. Kava is used effectively to reduce anxiety, depression, and insomnia and promotes clear thinking, calmness, relaxed muscles, and a sense of well-being. Kavva Vape is available to order now in prefilled 1 ml tanks and comes in two fabulous flavors: Mint and Cool Citrus. Kavva Vape will be priced at $24.95 for a 1ml tank or $34.95 in combination with the new mCig CBD Vape pen. mCig is also announced that the company began to distribute another new product, Naturally Flavored High Grade CBD E-Juice, developed by Vitacig Inc. (VTCQ). The two vape oils or e-juices contain a perfected blend of CBD-rich hemp oil and natural flavorings.

mCig Announces Earnings Results for the Second Quarter Ended October 31, 2015

mCig announced earnings results for the second quarter ended October 31, 2015. For the quarter, the company's revenue increased 1,200% to $885,556 compared to $73,814 for the year-earlier period. Net loss decreased 46% to $420,649 from $780,628 a year earlier.

Similar Private Companies By Industry

Company Name Region
Deli Universal, Inc. United States
EL Credito Cigars United States
Imperial Tobacco Overseas B.V. United States
R.J. Reynolds Vapor Company United States
Lancaster Leaf Tobacco Company Of Pennsylvania, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 29, 2015
Security Grade Protective Services, Inc.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact mCig, Inc., please visit www.mcig.org. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.