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Anonymous March 20, 2015 at 11:04 pm
March 20th, Via Yahoo: http://finance.yahoo.com/news/mcig-inc-makes-strategic-investment-123000470.html
BEVERLY HILLS, CA-(Marketwired - Mar 20, 2015) - mCig, Inc. (OTCQB: MCIG), a leading provider of technologies and services for the legal medical and recreational marijuana industry, has made a strategic investment in the Native Cannabis Trade Organization (NCTO) to jointly educate, council and market to Native American Tribes in key states around the country. NCTO works with Native American Tribal communities to assist in joint venture agreements to build out growing facilities on reservation lands using the most current growing technology along with providing capital funding.
The educational outreach program will serve to advise Native American Tribal communities in creating a thriving marijuana industry. The federal government has recently acknowledged Native American Tribal sovereignty in the marijuana business, leading the way for the creation of thousands of needed new jobs and revenues within the Tribes.
According to Paul Rosenberg, mCig CEO, “NCTO is the only national trade organization advancing the interests of the legitimate and responsible cannabis industry. By collaborating with the NCTO, we can extend our broad-base of expertise — from financing, to state-of-the-art growing, processing, and distribution practices — and help Native Americans navigate the unique needs of the emerging cannabis industry, now considered to be the country’s fastest growing.”
NCTO is working to unify the legal marijuana industry and to affect greater legalization in the United States at the federal level. Although it has been a well-established fact for centuries that marijuana improves the quality of life of many people suffering from various (often very serious or incurable) diseases, our society has ascribed to marijuana many negative connotations of its medicinal benefits. NCTO is working to change the image of the marijuana industry, thus to effect a change of our society and the world at large.
Most recently the federal government has acknowledged Native American Tribal sovereignty in marijuana business. Native American Tribes can now lead the way in the United States marijuana industry. NCTO has been working with Tribes to assist in joint venture agreements to build out growing facilities on reservation lands using the most current growing technology along with providing capital funding. mCig, Inc. is a minority shareholder of National Cannabis Trade Organization, Inc.
About mCig, Inc.
Headquartered in Beverly Hills, CA, mCig, Inc. (MCIG) is a leading provider of advanced technologies and solutions to the global cannabis industry. mCig manufactures and markets best-selling portable and home vaporizers, extraction related equipment, CBD Rich Hemp Oil-derived products, and related nutraceuticals based on natural compounds found in Cannabis and Hemp plants. The company owns the mCig and Vapolution brands, and has a 47% stake in VitaCig (VTCQ), makers of the VitaStik, a disposable vitamin vaporizer. The company believes that a well-regulated marijuana industry is emerging as more states follow the lead of Alaska, Colorado, Oregon, and Washington in legalizing marijuana. A similar trend is developing within the CBD and Hemp industries following overwhelming consumer demand.
Safe Harbor Statement
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.
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