|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.0580 - 0.0685|
|52 Week Range||0.0500 - 0.3510|
|Beta (3Y Monthly)||-0.48|
|PE Ratio (TTM)||N/A|
|Earnings Date||Sep 7, 2018 - Sep 10, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
JACKSONVILLE, FL / ACCESSWIRE / August 12, 2019 / mCig, Inc. (MCIG) a leading distributor of innovative products, customized packaging solutions, technologies, and services for the global medical cannabis industry, announces VitaCig division updates. VitaCig® brand was developed, designed and formulated in January 2014 as the first and original vitamin device with a unique inhalation technology. Being over 5 years in the market, VitaCig products are recognizable and popular among consumers in many countries.
Editor's note: This story was previously published in May 2019. It has since been updated and republished.Source: Shutterstock The potential to become wealthy often means investing in an enterprise when it is small and waiting for the entity to grow large. For this reason, many investors are willing to take chances on what they believe to be hot penny stocks. Investors in these stocks often lose everything … but they can also end up earning massive profits from a small amount of investment capital.For example, Booking (NASDAQ:BKNG) (formerly known as Priceline.com) traded as low as $1.08 per share in 2001 (albeit before a 1:6 reverse split). BKNG now trades about $1,965 per share. American Tower Corp (NYSE:AMT) fell to 60 cents per share in 2002 following the dot-com crash. AMT now sells for around $205 per share.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Companies I'd Love to See Go Public I cannot guarantee such a comeback for any penny stock of today. The following four stocks, however risky, could be positioned for outsized gains in various industries: Arotech Corporation (ARTX)Source: arotech.com Year-to-date gain: -27%Arotech Corporation (NASDAQ:ARTX) functions as a defense and security services company. Despite its market cap of just under $50 million, it operates in multiple countries and competes with the likes of General Electric (NYSE:GE) and Honeywell International (NYSE:HON) through its Power Systems division.ARTX also serves as a defense contractor and makes products designed for military, homeland security and law enforcement purposes. Considering the Trump administration's commitment to increase defense spending, Arotech could find itself well-positioned to benefit. GE's struggles with its Power Division could present an opportunity.However, like all hot penny stocks, this play remains speculative. The company earned a profit of 17 cents per share in 2017. Still, profits grew to 19 cents per share in 2018 and are expected to shrink to 14 cents per share in 2019, so this company has struggled with growth. Likewise, its revenues for 2018 stood at $96.6 million. Even though analysts forecast revenues of $97.08 million for 2019, they remain below the 2014 revenues, which were $103.57 million. Arotech was founded in 1990, so the build-up to these revenue levels has been slow.However, the future beyond 2019 looks more promising. For 2020, analysts predict revenues of $112.74 million, a 16.1% increase. They also believe earnings will come in at 23 cents per share, 64.3% higher than 2019 levels. Nobody predicts a return to $334.25 per share, its split-adjusted all-time high from 2000. However, if the company can match levels of predicted growth, its forward price-earnings ratio of about 8.1 will start to appear very low. Chesapeake Energy (CHK)Source: Philadelphia 76ers Via FlickrYTD gain: -24%Oklahoma City-based Chesapeake Energy (NYSE:CHK) is an upstream oil and natural gas producer. As an exploration and production company, times are great when oil prices are high. However, in an environment of low prices, revenue generation becomes a struggle. Chesapeake is the country's second-largest natural gas producer. Consequently, rock-bottom natural gas prices have weighed on CHK stock.CHK stock traded as high as $31 per share in 2013. The oil price slump of 2014-2016 hit its interests hard. By 2016, CHK had become a penny stock. Although it returned to profitability soon after, it acquired Wildhorse Resources to increase its exposure to oil.However, the costs of that deal coupled with rock-bottom natural gas prices have again taken CHK below $2 per share. Long-term debt, which stood at $9.167 billion at the end of Q1, has also diminished confidence in the company. Chesapeake trades at just over $1.60 per share as of the time of this writing. * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk The key to Chesapeake's success hinges on survival. Heightening geopolitical tensions could still increase oil prices. Moreover, new liquefied natural gas (LNG) export terminals continue to come online. This will allow Chesapeake to sell its natural gas in Europe and Asia where LNG fetches significantly higher prices. Further, demand for U.S. natural gas abroad could ease the process of asset sales as the company works through its crushing debt load. If this enables Chesapeake to clean up its balance sheet, the price of CHK stock could see massive gains. mCig (MCIG)YTD gain: -68%Las Vegas-based mCig Inc (OTCMKTS:MCIG) is a marijuana industry holding company. Once limited to vaporizers, it has transformed itself into a full-scale marijuana cultivation construction company. While they had operated only in Nevada, the company landed contracts in California and New York last year.Seeing business come in from across the country shows encouraging signs and could make MCIG one of the top marijuana penny stocks. However, financials also remain sparse. That said, Chairman and CEO Paul Rosenberg took the unusual step of cancelling and returning 30 million shares of common stock that he owned back to the company treasury. This saves the company from having to further dilute the stock to stay afloat. It also signals a longer-term commitment on the part of Mr. Rosenberg.The company saw $1.72 million in revenues in 2016. This grew to $4.78 million in fiscal 2017, and the company made $1.53 million in that fiscal year. The company brought in over $7 million in 2018.The stock enjoys rapidly rising revenues and profits. Still, investors should still treat this as a speculative play. MCIG stock trades around 6 cents per share. It has never traded above $1, though it briefly reached 92 cents per share in 2014. Still, it will need to see more growth before becoming one of the hot penny stocks.The current price stands well above the 5-cents-per-share level where the stock traded for most of 2016. If the company can continue gaining traction, its current $29.5 million market cap could rise much higher. Tuesday Morning Corporation (TUES)Source: Shutterstock YTD gain: -9%Dallas-based Tuesday Morning Corporation (NASDAQ:TUES) has become one of many retailers that have struggled to stay profitable in a changing retail environment. Founded in 1974, the company expanded across the country, operating in 41 states by 2001. During the past few years, the company has been plagued by high turnover in its top management and struggled to remain profitable.Still, the company operates over 700 stores across the U.S., which by itself should make it one of the hot penny stocks. Revenues have been rocky, though. In its latest quarter, both net and comp sales were down more than 5% and margins were up more than 30%. For the upcoming quarter, analysts forecast a 2.1% revenue decline as well as losses widening by 30.4% to 30 cents per share.Given that analysts expect net losses for both the current year and the year after, investors should still treat this stock as speculative. * The 10 Best Index Funds to Buy and Hold Still, a stock price in the $1.63 per share range and a market cap of about $76 million seems low for a company with over 700 stores. Traders should also keep in mind that this stock traded at over $22 per share in late 2014. If management can meet expectations for revenue increases in 2020 and return TUES stock to profitability, those who buy now could enjoy outsized gains from a dramatic comeback.As of this writing, Will Healy is long CHK stock. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Semiconductor Stocks to Buy for Your Inner Geek * 7 Stocks to Buy That Save You Money * 4 Stocks to Sell Now The post 4 Hot Penny Stocks That Could See Outsized Gains appeared first on InvestorPlace.
JACKSONVILLE, FL / ACCESSWIRE / July 16, 2019 / mCig, Inc. (MCIG) a leading distributor of innovative products, customized packaging solutions, technologies, and services for the global medical cannabis industry, announced today that its Chairman and CEO, Paul Rosenberg, is canceling 30 million shares of his own common stock and return the shares to the company treasury. The return of these shares demonstrates management's desire to maintain a capital structure that supports growth without resorting to the increasing of our authorized shares. Headquartered in Jacksonville, Florida, mCig, Inc. (MCIG) is a diversified company servicing the legal cannabis, hemp and CBD markets via its lifestyle brands.
JACKSONVILLE, FL / ACCESSWIRE / July 9, 2019 / mCig, Inc. (MCIG) a leading distributor of innovative products, customized packaging solutions, technologies, and services for the global medical cannabis industry, today announced that the company's board of directors has appointed Mike W. Aertker as Co-Chief Executive Officer, effective immediately. Mr. Aertker is a biomedical engineer with nearly 30 years’ experience in biomedical research, laboratory construction, mobile/modular facility construction, biocontainment operations and public/community relations. Mr. Aertker has worked both in academia and private industry in positions where he has been responsible for leading complex and highly regulated operations, technical design challenges and international business development.
Independent Comparison Reports Show at Least 20% Greater Photosynthetic Photon Flux Density (PPFD) Jacksonville, FL, June 25, 2019 -- via NEWMEDIAWIRE -- mCig, Inc..
JACKSONVILLE, FL, June 13, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- mCig, Inc. (MCIG) a leading distributor of innovative products, customized packaging solutions, technologies, and services for the global medical cannabis industry, today announced that it subsidiary CBJ Distributing has expanded its operations by adding new labeling, printing and in-house application capabilities that will shorten the turnaround time on production, eliminate the need for customers to work with multiple vendors, and further reinforce the Companies’ commitment to being a fully integrated partner for clients. “The acquisition and use of advanced labeling capabilities demonstrates our commitment to achieve our vision to be a one-stop shop supplier servicing cannabis growers, distributors, and dispensaries,” said Alex Levitsky, CBJ Distributing’s Managing Partner. Alex went on to say, “By working to offer more services, this will reflect in the value our customers get.
JACKSONVILLE, FL, June 10, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- mCig, Inc. (MCIG), a leading distributor of innovative products, customized packaging solutions, technologies, and services for the global medical cannabis industry, is pleased to announce the launch of the Company’s re-designed corporate website, now available at http://www.mciggroup.com. The new website will provide our partners and clients a user-friendly way to learn about MCIG's products and services, as well as providing our shareholders and potential investors a better understanding of the Company's vision. “This is the first step to reshaping the company and getting it back on track to what made us successful and a leader in cannabis markets,” stated Paul Rosenberg, CEO of MCIG.
Additionally, CBJ knowledgeable sales professionals will be providing local sales support for the cannabis market in these regions. Paul Rosenberg, CEO of mCig Inc., said, “Our partnership with Amare Technologies demonstrates our commitment to offering the latest high-tech products to its customers.
JACKSONVILLE, FL, May 13, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – mCig, Inc. (MCIG) (www.mciggroup.com), a leading distributor of innovative products, customized packaging solutions, technologies, and services for the global medical cannabis industry announced today that it has hired Victor Nuyen as its Chief Operating Officer. As MCIG’s Chief Operating Officer, Nuyen will optimize and develop processes to support MCIG’s mission to be the leading global provider of cannabis supply products and ensure the company’s continued legacy in the cannabis space. An expert in operations, systems and processes, Nuyen is skilled in running and growing multinational publicly traded companies.
From the Desk of Paul Rosenberg, President and CEO of mCig, Inc. JACKSONVILLE, FL, May 06, 2019 -- via NEWMEDIAWIRE – mCig, Inc. (OTCQB: MCIG) Dear Fellow.
JACKSONVILLE, FL, March 27, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE — mCig, Inc. (MCIG), a leading distributor of innovative products, customized packaging solutions, technologies, and services for the global medical cannabis industry, is pleased to announce that the company has received approval from the Financial Industry Regulatory Authority ("FINRA") for the Obitx, Inc. dividend, and spinoff to MCIG’s shareholders. The Record Date for the dividend has been set for December 11, 2018 (12/11/2018).
JACKSONVILLE, FL, March 19, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- mCig, Inc. (MCIG) a leading distributor of innovative products, customized packaging solutions, technologies, and services for the global medical cannabis industry, is pleased to announce that its wholly owned subsidiary, CBJ Distributing, is expanding its sales reach by introducing to its clients in Nevada and California a new in-house developed product line of hemp pre rolled cigarettes and CBD vape pens with a proprietary terpene rich formula. CBJ Distributing saw its sales increase dramatically during the last year. The company distributes its line of cannabis supply items, such as: labels, jars, child proof envelopes, vape pens, to almost all dispensaries in Nevada, while enlarging its market share in southern and central California. After carefully analyzing the CBD market, CBJ Distributing decided to expand its product line by joining this huge opportunity of selling hemp products to smoke shops and dispensaries around the Country.
JACKSONVILLE, FL, Jan. 31, 2019 -- via NEWMEDIAWIRE – mCig, Inc. (OTCQB: MCIG) a leading distributor of innovative products, customized packaging solutions, technologies, and.
Jacksonville, FL, Jan. 08, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- mCig, Inc. (MCIG), a diversified company servicing industrial hemp and legal cannabis markets, has signed a binding Memorandum of Understanding with a California based investment firm for collaboration on growing, processing and distribution of medical cannabis under MCIG’s current licenses held within the state. As part of the collaboration, a new joint venture will strive to obtain additional licenses in multiple states, in an effort to establish a nationwide presence.
Since the legalization of cannabis in Canada, US states have been under pressure to follow suit, and many have. In this light, firms like mCig Inc (OTCMKTS:MCIG) are lining up to exploit the market, particularly in California, the most populous state in the Union by far. A recent report on the US cannabis market projects […] The post mCig Gears Up To Exploit California Cannabis Boom appeared first on Market Exclusive.
Jacksonville, FL, Dec. 13, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- mCig, Inc. (MCIG), a diversified company servicing industrial hemp and legal cannabis markets, reports today that the 2018 Farm Bill has passed both chambers of Congress, with overwhelming bipartisan support. The bill includes a provision involving industrial hemp and its derivative, cannabidiol (CBD), effectively removing CBD from the Controlled Substances Act Scheduling and putting it under the supervision of the Department of Agriculture. To celebrate this historic moment in hemp history, mCig is proud to announce one of its subsidiaries, RedFern Biosystems Inc.’s, launch of a new CBD skin and pain care line, Indicura.
JACKSONVILLE, FL, Dec. 12, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- mCig Inc., (MCIG), a diversified company servicing the legal cannabis markets, is pleased to announce that it has officially received its California Type-11 Distribution Temporary license from the State of California. Cal Acres Inc., a California company with majority ownership by MCIG, has officially received their license from the Bureau of Cannabis Control, which allows them to purchase, repackage, transport, and sell cannabis products.
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