Las Vegas, NV, Dec. 19, 2017 (GLOBE NEWSWIRE) -- mCig, Inc. (OTCMKTS:MCIG), a diversified company servicing the legal cannabis, hemp, and CBD markets, is pleased to announce that it has expanded its cryptocurrency portfolio, creating ICOMethod, LLC., a cryptocurrency consulting division, to help assist in business strategy, development and technology integration for blockchain businesses.
mCig, Inc. recently expanded its role in the fintech and cryptocurrency market with an investment in state-of-the-art multi-cryptocurrency ATMs along with partnerships, which include the Render Payment ICO, amongst others.
ICOMethod, LLC, will help companies interested in integrating blockchain technology into their business by navigating them through the complicated Initial Coin Offering (ICO) process, in addition to providing business model consulting, smart contract code review, legal compliance, deployment procedures, exchange referrals, mobile walleting, branding solutions and marketing support.
mCig earned $1.25 million during the previous quarter providing cryptocurrency services and expects to see this quadruple by its fiscal year end. “I truly believe in blockchain technology and the projects built around it. I believe it is the future and can help companies improve their business fundamentals like faster money transfer, security, anti-fraud, uptime, automation and digital relationships with other companies,” states Paul Rosenberg, CEO of mCig.
mCig is currently working on a transparent blockchain solution for the cannabis and hemp sector with regulation and compliance in mind. mCig Inc. believes in the significant role that legal cannabis, hemp and cryptocurrency will play in our world’s future and is incorporating and combining aspects of each industry to enhance, strengthen, and expand operability in these emerging markets.
For more information visit our websites:
For more information about mCIG visit: www.mciggroup.com
For more information about the Cannabis Advertising Network visit: www.eHesive.com
For more information about email campaigns, lead gen and blasting visit: www.marketaro.com
For more about merchant high risk solutions and cryptocurrency visit: www.renderpayment.com
About OBITX, Inc
OBITX Inc, a 100% subsidiary of mCig, Inc. developing advanced, full featured software, and services to meet technology and business needs. The team is comprised of experienced developers, programmers, and engineers provide a unique capacity for developing innovative products layered in complexity and designed exclusively for any business initiative.
While OBITX Inc, covers traditional business sectors it is also concentric and specializes throughout the cannabis and hemp sectors. Expertise involves designing, building and supporting mission critical enterprise applications. Specializing in core product development areas ranging from enterprise infrastructure to low-level system applications, we deliver cutting-edge solutions that leverage our years of experience into robust end products with high availability and scalability.
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.
Safe Harbour
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 income.