MCIG STARTS SIN CITY CULTIVATION CENTER
April 13 2016 - 11:49AM
InvestorsHub NewsWire
HENDERSON, NV--
April 13, 2016 -- InvestorsHub NewsWire
-- mCig
Inc. (OTCMKTS: MCIG) Grower Services Division (GSD) proves
again why their modular system is working in Nevada, with the
signing of contracts with Sin City Cultivation (SCC) and Tetramed
Holdings Corporation (THC). SCC and THC's Site Plan is already
approved and excavation will start immediately with an estimated
four month completion date for the 4,500 square foot Phase 1 state
of the art cultivation center. The Multi-Vertical Tier Design
will provide just under 10,000 square feet of a Canopy
Footprint.
The gross revenue generated by GSD under Phase 1
is $240,000. The project is divided into two phases, which
sits on four acres: The additional phase includes a 40,000 square
foot greenhouse footprint that will be constructed over the next
eight months, with an additional value of
$1,750,000.
"The business expansion in Nevada has been
incredible, with multiple projects underway and in the pipeline,"
says Jori Olson, Vice President of GSD sales. “We provide all the
solutions necessary for growers to succeed. mCig is proud to
have another long term project in its pipeline with a group like
SCC and THC and their second phase greenhouse
extension."
GSD plans to further SCC and THC’s vision to
convert an existing warehouse facility into a successful indoor
grow production, and then utilize the surrounding land to construct
fully engineered greenhouses. Greenhouse technologies are a
truly unique depth of cultivation expertise and an aspect to the
industry. MCIG’s GSD is one of the first to market and in
prime position to dominate this business channel in the future.
Unlike any other group, MCIG’s Grower Services Division is a
full service operation, maximizing land usage and fully developing
the property footprint, a key solution in the GSD scope of
work.
"I've been working with the MCIG GSD team for
almost a year now to get to this point where we finally are ready
to break ground and start growing in the next four months," says
Daniel Caravette, CEO of Sin City Cultivation. "MCIG has
proven they can lead the project in all aspects of design,
development, and building construction and holds a unique group of
local contractors to perform for the best price."
MCIG has already started construction in 2016 on a full pipeline of
projects and provided guidance previously, and looks forward to
more project announcements this year.
About mCig, Inc.:
Headquartered in Henderson, NV mCig, Inc.
(OTCQB: 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.
About Sin City Cultivation & Tetramed
Holdings Corporation:
Sin City Cultivation takes an unwavering ROI
approach to business. Sin City Cultivations’ founder has been
involved in all aspects of the marijuana boom in Colorado for the
past several years including everything from deal structure and
project launch to operations and financing. He has sourced
millions of dollars in expansion and operational capital for their
Colorado operations and will transfer this knowledge to Las
Vegas.
Just as important, our focus on production and
cultivation helps us maximize quality control of the product.
Although basic economic principles of supply and demand will
determine product price, our theory is that being one of the
largest cultivation facilities in Las Vegas allows us the
opportunity to supply ALL of the dispensaries in Las Vegas. This
grants us diversified paths to market and ultimately better
financial stability.
Lastly, our production facility allows the
build-out of product specific manufacturing divisions. In
anticipation of pro-recreational use legislation in 2016, we are
currently designing manufacturing facilities to accommodate the
flowering, edible, topical, and vape cartridge
markets.
Sin City Cultivation plans to be a highly
visible leader in Nevada and position themselves for national
expansion with an eventual public offering on NASDAQ, Amex, NYSE or
through acquisition by a major pharmaceutical, tobacco, or alcohol
company.
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.
Contact:
Paul Rosenberg
CEO
paul@mcig.org