HENDERSON, NV--(Marketwired - Mar 8, 2017) - mCig, Inc. (OTCQB: MCIG), a diversified company servicing the legal cannabis, hemp, and CBD markets, subsidiary, Grow Contractors is proud to announce its selection as the builder of choice of the first large scale indoor grow facility in Oregon for Forest Grove Cultivation. With an overall plan for 115,000 square feet this will be a top ranked grow space in Oregon. The first phase is already permitted for 50,000 square feet. MCIG estimates to begin construction within 60 days and 4 months to complete the project. The project will generate a minimum $1.5M in revenue for the Company, but could exceed $1.9M with add-ons.
In Oregon, state law requires that you complete the build out before obtaining a license. This does not change our business model and all growers are almost certainly assured a license by complying with clearly written state building requirements. Rob Kressa, CEO of Grow Contractors stated, "Our sweet spot is definitely large scale growers on the West Coast. They understand the real deal while the East Coast is still getting played by opportunists looking for a quick buck. We are here to stay and will do multiple phases and build outs for the best players."
"We tracked Rob for almost a year, he was very patient and professional in dealing with as we went through the process of forming our group and getting off the ground. When we were ready, we signed him in a week because we knew his team was the best," said Yan Yanpolsky, of Progressive Property Management LLC.
About mCig, Inc.
Headquartered in Henderson, Nevada, mCig Inc. (OTCQB: MCIG) A diversified company servicing the legal cannabis, hemp and CBD markets via its lifestyle brands. MCIG has expanded from originally a vaporizer manufacturer, to an industry leading, large scale, full service cannabis cultivation construction company currently operating in the rapidly expanding Nevada market, and a Hemp based CBD market supplier. The company looks to further broaden its expansion in multiple different fields within the cannabis industry through organic growth and strategic partnerships. For more information visit www.mcig.org.
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.