Due to our lack of operating history and present limited revenues, our auditors have stated their opinion that there currently exists substantial doubt about our ability to continue as a going concern. The auditors base this opinion without knowledge of the history of Malecon Pharmacy, Inc.
Overview
VitaCig, Inc. (the “Company”) was incorporated under the laws of the state of Nevada on January 22, 2014. We serve as a technology company which manufactures and retail nicotine-free cigarettes that are pre-packaged with vitamins, nutrients, and generic pharmaceuticals. We established our fiscal year end as April 30.
We were originally a wholly-owned subsidiary of mCig, Inc. On February 24, 2014, we entered into a Contribution Agreement with mCig, Inc. In accordance with this agreement we accepted the contribution by mCig, Inc. of specific assets consisting solely of pending trademarks for the term “VitaCig” filed with the USPTO and $500 in cash as contribution in exchange for 500,135,000 shares of common capital stock representing 100% of the issued and outstanding shares of our company.
On November 28, 2014, mCig completed the spin-off of 54.1% of VitaCig, Inc.
On June 17, 2016 VitaCig acquired Malecon Pharmacy, Inc., in a Stock Exchange Agreement. VitaCig issued LX Retail Group, LLC 575,000,000 common shares of stock in exchange for 100% of the stock of Malecon Pharmacy, Inc. Malecon Pharmacy, Inc., operates as a subsidiary of VitaCig, Inc. Malecon Pharmacy is a premiere anti-aging cream manufacturer, wholesaler, and distributor.
On June 22, 2016 VitaCig sold its eCig business element to mCig, Inc., in exchange for the return to treasury stock 172,500,000 shares of VitaCig stock and the reduction of the outstanding amount owed by Vitacig, Inc., to mCig, Inc., the amount of
$122,394. As a result of this transaction, VitaCig, Inc., became a holding company in which it has one wholly owned subsidiary, Malecon Pharmacy, Inc.
On August 9, 2016 the Company changed its name from “VitaCig, Inc.” to “Omni Health, Inc.”.
Overview of Malecon Pharmacy, Inc.
Malecon Pharmacy, Inc., (“Malecon”) was incorporated under the laws of the state of Florida on October 25, 1974. We serve as a local pharmacy in Hialeah, Florida, the sixth largest city in the state and a principal city of the Miami Metropolitan area. Hialeah has the highest percentage of Cuban and Cuban American residents in the USA, with 74% of the population. Roughly 92% of the city’s population speak Spanish at home. With more than 40 years of service to the community, providing pharmacy services, Malecon is a neighborhood “go to” operation for product and services.
Plan of Operations
The Company’s current plan of operations is significantly different from its Results of Operations. Subsequent to the reporting period, the Company acquired 100% of Malecon Pharmacy and sold off its business of VitaCig, the e-Cig business.
In addition to continued support of its Pharmacy operations in Hialeah, Florida, the Company is looking to expand its operations both vertically and horizontally. The Company is looking to acquire additional pharmacies operating in its sphere of influence growing its footprint to additional communities.
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