JACKSONVILLE, Fla., Jan. 04, 2018 (GLOBE NEWSWIRE) -- mCig, Inc. (OTC:MCIG), a leading distributor of innovative products, customized packaging solutions, technologies, and services for the global medical cannabis industry, announced today that its Grow Contractors (GC) division has secured an exclusive construction and management contract with a client in the state of Florida.
Florida’s evolving medical marijuana program has seen impressive growth with now more than 26,000 patients in Florida. Financial experts predict that the Florida medical marijuana market is on pace to break $1 billion, rivaling Colorado by 2020.
The client is a long-time agricultural expert with over 22 years of greenhouse hydroponic vegetable production experience, which is one of the required state licensing criteria. Grow Contractors has been contracted to complete operational planning activities, provide engineering and design work for the production and extraction facility, assist with city construction permitting, and help with the competitive state application. Upon the client being awarded a state license, GC will be further retained in the facility management process where the consulting firm will provide facility staffing solutions, a customized set of operational workflow procedures, and remote operational monitoring support for a percentage of the net profits. GC expects to leverage this contract to secure additional revenues through long-term consulting agreements and future sales of ancillary products, as the client is looking to seek licensure for the Florida recreational/adult-use cannabis program in the near future and branch into retail store-front locations.
Rob Kressa, CEO of Grow Contractors Inc., commented: "We are glad to be engaged with this client in the state of Florida, which I anticipate to become the second largest recreational market one day, after California. As a company, GC is actively seeking to align itself with strong clients who have an understanding of what it takes to achieve success. Needless to say, we are confident that our new client in Florida is equipped with the right property, team, and experience to be competitive, and we will strive to make them more and more competitive within the marketplace as we seek to be a long-term consulting solution for this group."
"With our headquarters recently having moved to Florida, we are finding many new opportunities in Florida and on the east coast. This new project paves the way to more projects and expanded presence in Florida," stated Paul Rosenberg, CEO of MCIG Inc.
About Grow Contractors
Grow Contractors is MCIG’s group of Cannabis consultants, engineers, architects, contractors, and grow experts combining over 100 years of experience and talent to bring clients efficient and high-quality grow spaces. Grow Contractors offers a practical approach to cannabis design, construction, and operations to create profitable and compliant facilities. The company provides a custom-tailored approach for every client because there is no universal approach to building a cannabis facility. Grow Contractors also offers several high tech greenhouse products from starter to advanced, high tech, greenhouse buildings capable of covering tens of thousands of square feet. From California to Washington, Oregon to Nevada, Grow Contractors provides products and services in all legal cannabis markets.
About MCIG Group (OTC:MCIG)
Headquartered in Henderson, Nevada, mCig, Inc. (OTCQB: MCIG ) is a diversified company servicing the legal cannabis, hemp and CBD markets via its lifestyle brands. mCig, Inc. is committed to being the leading distributor of technology, products, and services to fit the needs of a rapidly expanding industry. mCig, Inc. has transitioned from a vaporizer manufacturer to industry leading large scale, full service cannabis cultivation construction company with its Grow Contractors division currently operating in the rapidly expanding Nevada market.
mCig, Inc. also employs a world renowned tech team and has recently entered the tech space to satisfy its evolving role in technology and in keeping its growing following up to speed.
The company looks forward to growing its core competencies to service the ancillary legal Cannabis, Hemp and CBD markets, with broader expansion to take place once federal laws change. With over seventy-five years of experience combined between the key players that make up the Cannabis Grow Contractors Division, mCig, Inc. is proud to work with Cannabis Industry leaders and provide broad and rounded solutions for legal growers nationwide.
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.