MCIG - mCig, Inc.

Other OTC - Other OTC Delayed Price. Currency in USD
0.0300
0.0000 (0.00%)
As of 3:11PM EDT. Market open.
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close0.0300
Open0.0300
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.0291 - 0.0317
52 Week Range0.0200 - 0.1270
Volume404,325
Avg. Volume2,457,785
Market Cap14.659M
Beta (5Y Monthly)0.15
PE Ratio (TTM)N/A
EPS (TTM)-0.0030
Earnings DateSep 06, 2018 - Sep 09, 2018
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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    • GlobeNewswire

      Obitx Inc., 49% Owned by mCig, Inc., Received FINRA Approval for Trading Symbol (OBTX)

      JACKSONVILLE, FL, March 19, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – mCig, Inc. (MCIG), an innovative biotech company focused on development and commercialization of over the counter, science-driven, botanical nutrigenetics targeting the endocannabinoid system, medical devices, and research & development, today announced that the Financial Industry Regulatory Authority (FINRA) approved electronic quotation on the OTC Bulletin Board of common shares of OBITX Inc, under the symbol OBTX. MCIG Inc, owns 49% of Obitx Inc. Recently satisfying all requirements of rule 15c2-11, OBTX has been granted a symbol to be listed on the OTC Markets making the company stock more attractive to potential investors and increasing visibility within U.S. equity markets.

    • GlobeNewswire

      mCig Inc. Signs Letter of Intent With Multi-State Licensed PCAB Accredited Compounding, Retail, and Specialty Pharmacy Network

      JACKSONVILLE, FL, March 13, 2020 -- via NEWMEDIAWIRE -- mCig, Inc. (MCIG), an innovative biotech company focused on development and commercialization of over the counter,.

    • GlobeNewswire

      New Research Found Cannabidiol is Active Against Gram-Positive Bacteria

      JACKSONVILLE, FL, March 03, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- mCig, Inc. (MCIG), an innovative biotech company focused on development and commercialization of over the counter, science-driven, botanical nutrigenetics targeting the endocannabinoid system, medical devices, and research & development, today announced a study by the American Society for Microbiology (publication dated June 23, 2019) that it found CBD is an active ingredient against Gram-positive Bacteria.

    • GlobeNewswire

      mCig Inc. Commences Significant Online CBD Sales Activity Following Launch of eCommerce Portal

      mCig's Online Sales Increase 400% JACKSONVILLE, FL, Feb. 25, 2020 -- via NEWMEDIAWIRE -- mCig, Inc. (MCIG), an innovative biotech company focused on development and.

    • GlobeNewswire

      Self Care and CBD Meet at mCig Inc.

      JACKSONVILLE, FL, Feb. 18, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- mCig, Inc. (MCIG), an innovative biotech company focused on development and commercialization of over the counter, science-driven, botanical nutrigenetics targeting the endocannabinoid system, medical devices, and research & development, today announces the launch of a new website BareRoots Clinical (http://www.brrx.io). Many of our competitors are out asking consumers about customer satisfaction and how they “feel” while using their CBD products.

    • GlobeNewswire

      mCig, Inc. Consumer Division (Bareroots) Signs Agreements to Distribute CBD Products Through Chiropractors, Dispensaries, Athletic Clubs and Clinics, Valued at $10 Million

      JACKSONVILLE, FL, Feb. 10, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – mCig, Inc. (MCIG), an innovative biotech company focused on development and commercialization of over the counter, science-driven, botanical nutrigenetics targeting the endocannabinoid system, medical devices, and research & development, today announced that the companies (to date) have signed distribution agreements with different partners in the healthcare space and consumer products arenas valued at $10 Million (US).

    • GlobeNewswire

      mCig, Inc. Subsidiary BRRX Clinical Announces Launch of New Website, on Monday, February 10, 2020

      JACKSONVILLE, FL, Feb. 04, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – mCig, Inc. (MCIG), a vertically integrated company focused on development and commercialization of over the counter, science-driven, botanical nutrigenetics targeting the endocannabinoid system, today announced that its subsidiary (BRRX Clinical) will be launched on Monday, February 10, 2020. The site will target individual participants, and it will be responsive to the identification of the members' health – via the completion of health risk assessments, biometrics, and labs.

    • GlobeNewswire

      mCig Announces the Opening of a New Office in Scottsdale, Arizona

      JACKSONVILLE, FL, Jan. 29, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – mCig, Inc. (MCIG), vertically integrated company focused on the development and commercialization of over the counter, science-driven, botanical nutrigenetics targeting the endocannabinoid system today announced the opening of a new office in Scottsdale, AZ USA. This new location strengthens MCIG’s presence and offers a single location for the sales, support, and development of CBD products. To celebrate the opening of this new, strategically located office, mCig, Inc. and BareRoots Rx LLC. are holding an ‘Open House’ event on January 30th, 2020, from 4 to 7 PM. Full details of the event are available by contacting paul@mciggroup.com.

    • GlobeNewswire

      mCig Projects Major Revenue Boost in 2020, Subsidiary BRXX Clinical Outlines Business Plan

      JACKSONVILLE, FL, Jan. 27, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – mCig, Inc. (MCIG), a vertically integrated company focused on the development and commercialization of OTC, science-driven, botanical nutrigenetics targeting the endocannabinoid system, today announced the business plan for the nutraceutical joint venture of the Company and Bare Roots, Inc. BRRX Clinical will operate under two divisions, Consumer Products, and Health Care. The Consumer Products Division will operate much as most other CBD product companies, however, the emphasis will be on products with verifiable efficacy and prescribed dosages.

    • GlobeNewswire

      mCig and BRRx Clinical Inc. Announce First of Several CBD Enhanced Medical Foods for Treatment of Shingles, Herpes, and Liver Disease

      JACKSONVILLE, FL, Jan. 23, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – mCig, Inc. (MCIG), vertically integrated company focused on the development and commercialization of OTC, science-driven, botanical nutrigenetics targeting the endocannabinoid system today announced that the nutraceutical joint venture of the Company and BRRx Clinical Inc. is set to move forward with an LOI to supply a national independent compounding pharmacy network.

    • GlobeNewswire

      mCig, Inc. Subsidiary, BareRoots Rx Inc., Organic CBD Manufacturer, Signs a Co-branding Contract with the Tucson Sugar Skulls of The Indoor Football League Of America

      JACKSONVILLE, FL, Jan. 21, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – mCig, Inc. (MCIG), a vertically integrated company focused on the development and commercialization of over the counter, science-driven, botanical nutrigenetics, that target the endocannabinoid system, announces today that the company’s subsidiary, BareRoots Rx, is launching the Co-branding deal with the Tucson Sugar Skulls of the IFL as their exclusive CBD sports partner. The Tucson SugarSkulls (an IFL Franchise) brings a captive audience of more than 3.5 million fans nationally, and over 900,000 fans native to the Tucson area.

    • GlobeNewswire

      mCig, Inc. Consumer Division (BareRoots) Receives Purchase Order for 10,000 Monthly Boxes of the Company’s Proprietary CBD-Based Products

      JACKSONVILLE, FL, Jan. 17, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- mCig, Inc. (MCIG), vertically integrated company focused on the development and commercialization of over the counter, science-driven, botanical nutrigenetics that target the endocannabinoid system, today announced that the company’s CBD consumer division has agreements to commence this quarter. MCIG Inc. subsidiary, BareRoots Rx Inc., the consumer products division, has entered into an agreement to distribute 10,000 monthly boxes of the COMPANY’S PROPRIETARY CBD-BASED PRODUCTS to select tribal communities. The company anticipates revenue of approximately $1.1 Mil in its first year of operation under the agreement.

    • GlobeNewswire

      mCig, Inc. Subsidiary BareRoots Announces Updated Branding Strategy and Website to Expand Consumer Reach

      JACKSONVILLE, FL, Jan. 13, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – mCig, Inc. (MCIG) today announced that its subsidiary BareRoots has launched a completely redesigned website (www.bareroots-rx.com) and the rebranding of its globally recognized hemp-derived cannabidiol (CBD) products. Through the recently created consumer-driven website, the Company hopes that it's visitors, customers, and consumers will find the website much easier to use. The navigation has been designed to be much simple, products become very easy to access, and add to cart and a well educative CBD section has been added to match consumer’s lifestyle.

    • GlobeNewswire

      mCig Inc. Announces Strategic Shift to Fully Focus on CBD Consumer Products Division and Healthcare Division

      JACKSONVILLE, FL, Dec. 12, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- mCig, Inc. (MCIG), a vertically integrated company focused on the development and commercialization of OTC, science-driven, botanical nutrigenetics that target the endocannabinoid system, and Bareroots RX Inc. are expanding their activities collectively in the production and development of lifestyle improvement and health care enhancing CBD (cannabinoid) based products.

    • GlobeNewswire

      MCIG Inc. Updates Shareholders on CBD-Based Strategy

      JACKSONVILLE, FL, Nov. 25, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- mCig, Inc. (MCIG), a company focusing on the marketing, sale, and distribution of CBD products, is pleased to announce that it has entered into a binding letter of intent ("LOI") to create a joint venture with Bare Roots Rx LLC., a leading supplier of high quality, organic botanical CBD products. Under terms of this agreement, mCig will own 51% of the joint venture in exchange for marketing support, new sales channels, technical support and much needed equipment. Bare Roots Rx has current revenue of approximately $1M and pending orders for 2020 far in excess of current levels.

    • GlobeNewswire

      mCig Signs Letter of Intent with MVP Holdings & Native Leaf Supply Company for Joint Venture in Oklahoma

      JACKSONVILLE, FL, Nov. 20, 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 the company's board of directors has signed a letter of intent with MVP Holdings and Native Leaf Supply Company to create a joint venture where mCig, Inc. will own a minority share of cultivation, manufacturing, distribution and dispensary licenses held by MVP Holdings & Native Leaf Supply in the state of Oklahoma. This agreement will pave the way for mCig, Inc. to enter one of the fastest growing legal medicinal cannabis markets in the US.

    • GlobeNewswire

      MCIG to Exhibit at MJBizCon in Las Vegas, Nevada

      JACKSONVILLE, FL, Oct. 14, 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 today the Company will exhibit at MJBizCon on  December 11-13, 2019 in Las Vegas, Nevada. The show will provide the Company with the opportunity to further showcase its products, including the CannaPure Ozone unit and innovative LED commercial lights specifically tailored for the cannabis industry. The MJBizCon show is a unique chance for the Company to network with industry executives, learn more about trends in the marketplace, and connect with companies that have similar goals.

    • ACCESSWIRE

      mCig Updates Shareholders on Filing Status

      JACKSONVILLE, FL / ACCESSWIRE / October 10, 2019 / MCIG, Inc. (OTC PINK:MCIG) a leading distributor of innovative products, customized packaging solutions, technologies, and services for the global medical cannabis industry, is pleased to announce the following corporate update on a status of filing Form 10K for the year ended April 20, 2019 and the first quarter 10Q for the quarter ending July 31, 2019. In addition, MCIG is updating our shareholders on the status of OBITX trading on the OTC Markets. Mr. Paul Rosenberg, the Company's Principal Executive Officer, commented: "I am happy to announce we have made good progress with our new auditors in completing the form 10K and 10Q financial filings which will return MCIG's status to current on OTC Markets.

    • ACCESSWIRE

      mCig, Inc. Announces Execution of Settlement Agreement

      JACKSONVILLE, FL / ACCESSWIRE / September 17, 2019 / mCig, Inc. (OTC PINK:MCIG) a leading distributor of innovative products, customized packaging solutions, technologies, and services for the global medical cannabis industry, today announced that it has reached mutually agreeable terms to settle lawsuits filed in Nevada. The lawsuits, which were filed in the Eighth Judicial District Court of Nevada for Clarke County and in the United States District Court for the District of Nevada, have been dismissed following agreement to an amicable settlement for all parties involved. Paul Rosenberg, Chairman and Co-CEO of mCig said, "Settlement of these lawsuits will allow all parties to move forward and put all of this behind us.

    • ACCESSWIRE

      MCIG, Inc. Announces Change of Auditors

      JACKSONVILLE, FL / ACCESSWIRE / September 13, 2019 / mCig, Inc. (OTC PINK: MCIG) a leading distributor of innovative products, customized packaging solutions, technologies, and services for the global ...

    • ACCESSWIRE

      mCig, Inc. Announces Update To Shareholders

      JACKSONVILLE, FL / ACCESSWIRE / August 21, 2019 / 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 following corporate update from Co-CEO Mike Aertker. My name is Mike Aertker and I was asked by the Board of Directors to assume the position of Co-CEO of MCIG in July of this year. In hindsight, I never realized the parallels between the emerging legal cannabis industry and the career path I have taken to this point and see a highly relevant convergence between the two.

    • ACCESSWIRE

      MCIG Inc., Announces VitaCig(R) Brand Reboot

      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.

    • 4 Hot Penny Stocks That Could See Outsized Gains
      InvestorPlace

      4 Hot Penny Stocks That Could See Outsized Gains

      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.

    • ACCESSWIRE

      MCIG, Inc. CEO To Cancel and Return 30 Million Shares of His Common Stock

      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.

    • ACCESSWIRE

      mCig Inc. Appoints Mike W. Aertker as Co-CEO

      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.