|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.2000 - 0.2300|
|52 Week Range||0.1630 - 0.4270|
|Beta (3Y Monthly)||-2.78|
|PE Ratio (TTM)||N/A|
|Earnings Date||Sep 4, 2018 - Sep 10, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
While it’s open to debate whether President Donald Trump made America great, the 2016 election did produce one undeniable result: it laid the foundation for cannabis-related businesses, thereby dramatically improving profitability potential for marijuana penny stocks. The federal government may just have to reconsider its stance on cannabis, which bodes very well for these four top marijuana penny stocks.
JACKSONVILLE, FL, Oct. 29, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – mCig, Inc. (OTCQB: MCIG), an innovative hemp and cannabis corporation, is pleased to announce its first hemp harvest is expected to be completed by the end of the week. The development of high-output ethanol extraction equipment will allow the company to keep processing costs to a minimum. mCig will keep some of the plants to process for its own needs, including its new pet line, Artax, and its forthcoming pain cream. CEO of mCig, Paul Rosenberg, states: “The New York farm has now proven to be a viable revenue stream for the company.
Jacksonville, FL, Oct. 22, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- mCig Inc., (MCIG), a diversified company servicing the legal cannabis markets, is pleased to announce that its laboratory in Europe is close to completion of new CBD-infused topical line. mCig plans to use its producer, processor and distributor licenses in California to roll out the line, which will also include a 1:1 CBD and THC topical product. Distribution efforts will be focused around mCig’s online distribution channels, as well as healthcare and wellness professionals. The proprietary combination of natural ingredients is perfect for anyone experiencing localized pain, muscle soreness or joint pain and stiffness.
JACKSONVILLE, FL, Oct. 15, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – mCig, Inc. (MCIG), an innovative hemp and cannabis corporation, is pleased to provide an update on their high yielding CBD hemp project in New York. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as "anticipate", "seek", intend", "believe", "estimate", "expect", "project", "plan", or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.
After completion of an engineering package, mCig will file for a construction permit and then break ground. MCIG’s CEO, Paul Rosenberg stated, “I take serious the promises we as a company have made in the past. MCIG management was recently very active in the European market, where it struck a deal with an equipment manufacturing company.
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.
Jacksonville, Florida, Aug. 31, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- mCig Inc., (MCIG), a diversified company servicing the legal cannabis markets, announced today is pleased to announce highlights of its year-end financial results as recorded in its recently filed Form 10K. The Company continues to maintain a strong balance sheet and significant cash position securing its ongoing operations. This represents a 66% increase in net sales - a figure that is in line with mCig’s history of stable sales growth, and was driven primarily by mCig’s cannabis supply and grow division.
Jacksonville, FL, Aug. 22, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- mCig, Inc. ( OTCQB : MCIG ), a diversified company servicing the legal cannabis markets, announced today that as a result of its expansion of services during the past year, the annual report on Form 10-K was delayed. mCig expects to file its Form 10-K shortly with an audit report from its independent registered public accountants. 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, Aug. 20, 2018 (GLOBE NEWSWIRE) -- mCig, Inc. (MCIG), a diversified company servicing the legal cannabis markets, announced today that it will begin harvesting its first crop of organic hemp from NYAcres in two to three weeks time. To oversee the harvest and curing process, MCIG brought on Chadd McKeen , co-author of Idiots Guide: Growing Marijuana and founding partner at Canna Mana Trading Company. The particular strains of hemp grown at NYAcres, Cherry Wine and Berry Blue sourced from the Colorado Hemp Project are known for their high concentrations of CBD.
On April 11, Bloomberg reported that Boehner joined the advisory board of Acreage Holdings, a cannabis dispensary and cultivation company. Marijuana legalization was never a popular topic among Republicans, and even Democrats have historically punted on the issue.
According to data published by Energias Market Research, the global medical cannabis market is anticipated to grow significantly from USD 8.28 billion in 2017 to USD 28.07 billion by 2024 and at a CAGR of 19.1% over the forecast period. Factors driving the growth of the legal cannabis industry include mounting recognition of medical benefits, growing demand for cannabis in the treatment of various diseases, and increasing number of research and development activities. In the U.S, there are 28 states that have approved the use of cannabis for medical purposes.