MCIG Enters into the Cryptocurrency Market, Partnering with Render Payment

MCIG Enters into the Cryptocurrency Market, Partnering with Render

LAS VEGAS, NV -- (Marketwired) -- 10/12/17 --  mCig, Inc. (OTCQB:
MCIG), a diversified company servicing the legal cannabis markets,
enters into the cryptocurrency market, partnering with Render Payment
during its Pre-ICO (Initial Coin Offering).

The cannabis industry has traditionally been rife with illicit and
underhanded transactions, but it is now moving towards greater
legitimacy. Research shows powerful health benefits of cannabis and
strong social movements are pushing for increased legalization. One
way to improve the reputation of the industry is to modernize it,
make it standardized, fully verifiable, and built on a system of
trust between patients, doctors, growers, suppliers, merchants,
bankers, and customers. New blockchain technology offers an ideal
solution. Since blockchain holds an immutable ledger and assured
contracts, it can easily accommodate the recording of financial
transactions from seed acquisition to product delivery giving
consumers confidence and surety in the placement of their orders. 

Render Payment Token (RPM) is a crypto-token built for utilizing
smart contracts on blockchain, specifically designed to accommodate
high risk merchant services at discount prices, which adds legitimacy
to the worldwide cannabis community. It is backed by Ethereum's
secure, global ecosystem, designed to provide businesses and
individuals a trusted secure, private mechanism for financial
transactions. In initial testing payment processing was integrated
with Bitcoin, which proved to be reliable and stable. The solution
was then migrated to the Ethereum platform utilizing the RPM token to
provide lower costs, enhanced security, faster processing speed,
scalability and expansion.

Render Payment is the first organization dedicated to leveraging
smart contracts built on the blockchain to create and foster a
financial service platform for high risk merchant services. MCIG's
focus is on providing a solution not currently available to the
33,000+ cannabis businesses worldwide, with an economic impact of $44
billion per year. 

Eric Jaffe, Render Payments Chief Operations Officer stated, "Our
relationship with MCIG has been a long time in the making. Passing
this milestone just as our ICO is preparing to launch solidifies some
significant opportunities. The digital world is merging with the real
world, and it's happening as we speak. Its convergence is expanding
capabilities and optimizing quality of life for all, while supporting
innovation and discovery." Mr. Jaffe went on to say, "With MCIG's
projections of $10M in revenue this year, and based on their current
growth rate, we believe this payment processing solution will provide
considerable revenue for us and vast savings in merchant fees for
MCIG and its customers for this year and many years to come."

Paul Rosenberg, MCIG chief executive officer stated, "MCIG is highly
interested in the cryptocurrency market as management believes in the
combination of cryptocurrency solutions and blockchain technologies
for cannabis and hemp sales. The future of finance could be dominated
by blockchain technologies, and we want to be prepared. This solution
will legitimize the market as it continues to outpace all
expectations. MCIG will advance its opportunities in the blockchain
and cryptocurrency markets as it looks to expand its role and
relationship with Render Payment well into the future."

About MCIG Group (OTCQB: MCIG)

Headquartered in Henderson, Nevada, mCig, Inc. (OTCQB: MCIG) is a
diversified company servicing the legal cannabis, hemp and CBD
markets via its lifestyle brands. mCig, Inc. is committed to being
the leading distributor of technology, products, and services to fit
the needs of a rapidly expanding industry. mCig, Inc. has
transitioned from a vaporizer manufacturer to industry leading large
scale, full service cannabis cultivation construction company with
its Grow Contractors division currently operating in the rapidly
expanding Nevada market.

mCig, Inc. also employs a world renowned tech team and has recently
entered the tech space to satisfy its evolving role in technology and
in keeping its growing following up to speed.

The company looks forward to growing its core competencies to service
the ancillary legal Cannabis, Hemp and CBD markets, with broader
expansion to take place once federal laws change. With over seventy
five years of experience combined between the key players that make
up the Cannabis Grow Contractors Division, mCig Inc. is proud to work
with Cannabis Industry leaders and provide broad and rounded
solutions for legal growers nationwide.

For more information visit our websites:
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About Render Payment

Render Payment is poised to provide merchant services to high-risk
merchants by merging blockchain technology and ease-of-use payment
solutions. The high-risk markets globally are projected at $375-500
billion per year, expanding over 1,000 industries. Our team brings a
well-balanced mix of seasoned professionals with network security,
IT, financial, IPO, ICO, blockchain, and marketing backgrounds, who
have joined together to solve the problem shared by all high-risk

Safe Harbor

Any statements contained in this press release that do not describe
historical facts may constitute forward-looking statements as that
term is defined in the Private Securities Litigation Reform Act of
1995. Any forward-looking statements contained herein are based on
current expectations, but are subject to a number of risks and
uncertainties. The factors that could cause actual future results to
differ materially from current expectations include, but are not
limited to, risks and uncertainties relating to the Company's ability
to develop, market and sell products based on its technology; the
expected benefits and efficacy of the Company's products and
technology; the availability of substantial additional funding for
the Company to continue its operations and to conduct research and
development, and future product commercialization; and the Company's
business, research, product development, regulatory approval,
marketing and distribution plans and strategies.

This release contains a non-GAAP disclosure, EBIDTA, which consists
of net income plus interest expense, net, provision for income taxes
and depreciation and amortization. This term, as the Company defines
it, may not be comparable to a similarly titled measure used by other
companies and is not a measure of performance presented in accordance
with GAAP. The Company uses EBIDTA as a measure of operating
performance. EBIDTA should not be considered as a substitute for net

Paul Rosenberg
mCig Inc.
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