August 24, 2016 8:31 AM 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: 47
Chief Operating Officer and Director
Age: 52
Compensation as of Fiscal Year 2015.

mCig, Inc. Key Developments

mCig, Inc. announced delayed annual 10-K filing

On 07/29/2016, mCig, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.

mCig, Inc. Provides Earnings Guidance for the Full Year 2016

mCig, Inc. provided earnings guidance for the full year 2016. For the period, the company projected revenues will increase $1.2 million, a 247% increase over the prior fiscal year. The net loss from operations improved by $3.0 million, a 235% decrease in loss. The company's basic EPS for fiscal year 2016 is projected at 0.00. The company expected sales of $1,773,241 and income from operations minus depreciation of $1,275,282. The increase in revenue is a direct result of the strategic movement into the CBD markets.

mCig Announces Unaudited Earnings Results for the Period May 1 to June 22, 2016

mCig announced unaudited earnings results for the period May 1 to June 22, 2016. For the period, the company's sales were $133,966, profit from operation was $20,339, net profit was $20,339.

Similar Private Companies By Industry

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Anderson Tobacco Company, LLC United States
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C&C Cigars, LLC United States
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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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