October 22, 2016 4:22 PM ET


Company Overview of mCig, Inc.

Company Overview

mCig, Inc. manufactures, markets, and distributes electronic cigarettes, vaporizers, and accessories under the mCig brand name in the United States. The company offers electronic cigarettes and related products through its online store mcig.org, as well as through the company’s wholesale, distributor, and retail programs. It also constructs commercial and modular buildings. 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 headquartered in Henderson, Nevada.

2831 St. Rose Parkway

Suite 200

Henderson, NV 89052

United States

Founded in 2010



Key Executives for mCig, Inc.

Chairman, Chief Executive Officer, President, Treasurer and Secretary
Age: 46
Chief Financial Officer and Chief Accounting Officer
Age: 54
Total Annual Compensation: $3.0K
Chief Operating Officer and Director
Age: 52
Total Annual Compensation: $6.0K
Chief Executive Officer of Scalable Solutions LLC
Age: 44
Total Annual Compensation: $3.0K
Compensation as of Fiscal Year 2016.

mCig, Inc. Key Developments

mCig, Inc. Provides Update on Sin City Phase 1 Project

mCig, Inc. provided update 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 construction projects will typically increase in value over the course of construction.

mCig, Inc. Announces Unaudited Financial Results for the First Quarter of Fiscal 2017

mCig, Inc. announced unaudited financial results for the first quarter of fiscal 2017. The total recognized and unrecognized sales were $340,404 that includes $47,870 in deferred revenue and $37,832 in construction revenue in excess of costs. The net sale for the quarter was $254,702. The deferred revenue and construction revenue in excess of costs will be recognized in the second quarter. Last year the company had a net loss of $663,128, while this year the company had a net loss of $161,977.

mCig, Inc., Q1 2017 Earnings Call, Sep 26, 2016

mCig, Inc., Q1 2017 Earnings Call, Sep 26, 2016

Similar Private Companies By Industry

Company Name Region
Anderson Tobacco Company, LLC United States
Applicable Enterprises Inc. United States
Ark International, Inc. United States
C&C Cigars, LLC United States
Caribbean Cigar Company United States

Recent Private Companies Transactions

June 27, 2016
VitaCig, Inc., Prior to Reverse Merger With Malecon Pharmacy, Inc.
June 27, 2016
VitaCig, Inc., assets and operations

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