September 30, 2016 10:12 AM ET

Tobacco

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

Phone:

570-778-6459

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. 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

mCig, Inc. announced delayed 10-Q filing

On 09/14/2016, mCig, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Similar Private Companies By Industry

Company Name Region
Anderson Tobacco Company, LLC United States
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C&C Cigars, LLC United States
Caribbean Cigar Company United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 27, 2016
VitaCig, Inc., Prior to Reverse Merger With Malecon Pharmacy, Inc.
Merger/Acquisition
June 27, 2016
VitaCig, Inc., assets and operations
 

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