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New Trade Alert: MCIG
Traders, I promised you a winner, so I am going back to a stock we have had success with in the past. A company that operates in a hot industry and trades on good volume. Get mCig, Inc (MCIG) on your screen right away. We love the technical setup on MCIG. Check out the chart we’ve annotated below. We first alerted members to MCIG back in March and its delivered 34% gains in just a few days on huge volume. On Friday, MCIG closed above its 50 and 100 day moving averages, a very bullish sign. You will also see very strong long term support just below $0.03. In our view, this makes MCIG a great potential risk v reward trade. Put simply, we think MCIG could get back to recent highs of $0.05-0.06 in the coming days and weeks. And confirmation of my analysis comes from BarChart.com which has given MCIG a BUY rating.
So we have ultra bullish technical trading setup, now let’s take a closer look at the company… Headquartered in Henderson, NV, mCig, Inc. (MCIG) is a diversified company servicing the legal cannabis, hemp and CBD markets via its lifestyle brands. MCIG has transitioned from a vaporizer manufacturer to industry leading large scale, full service cannabis cultivation construction company with its Scalable Solutions division currently operating in the rapidly expanding Nevada market. 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. MCIG believes that a well-regulated marijuana industry is emerging as more states follow the lead of Alaska, Colorado, Oregon, and Washington in legalizing marijuana. A similar trend is developing within the CBD and Hemp industries following overwhelming consumer demand. MCIG is committed to being the leading distributor of technology, products, and services for the global medical and legal recreational cannabis industry. The Company’s Master Distributor sales approach allows MCIG to partner with or acquire best-of-breed companies to serve as exclusive sales representatives, distributing their products through MCIG’s multiple channels and sub-distributors throughout the United States, Asia, Europe, and the United Kingdom. You can learn more about MCIG on their website http://mcig.org/ US Legal Marijuana Sales To Hit $6.7 Billion In 2016 A new report by a leading marijuana industry investment and research firm found legal cannabis sales jumped 17%, to $5.4 billion, in 2015 and they will grow by a whopping 25% this year to reach $6.7 billion in total U.S. sales. The numbers are staggering, considered the first recreational dispensaries opened for business in Colorado only two years ago. ArcView Market Research recently released its fourth edition of The State of Legal Marijuana Markets report, and it includes the prediction that the legal cannabis market will see a whopping $21.8 billion in total annual sales by 2020. (By comparison, at that point, the legal marijuana market could be bigger than the National Football League, which saw roughly $12 billion of revenue last year but is aiming to reach $25 billion by 2027.) MCIG is perfectly poised to take advantage of this massive projected growth. Recent Developments >>>>>MCIG has recently announced some major news surrounding their company, check it out… MCIG Rollies Announces a New Service for Marijuana CigarettesHENDERSON, NV–(Marketwired – Jul 12, 2016) – mCig, Inc. ( OTCQB : MCIG ), a diversified company servicing the legal cannabis, hemp and CBD markets via its lifestyle brands, is expanding its services in Rollies. Rollies, LLC, a wholly owned subsidiary of MCIG, is both a cannabis cigarette brand and manufacturer. After rigorous testing, Rollies is now offering a filling service for dispensaries within medical and recreational marijuana states. You can read this press release in full at http://finance.yahoo.com/news/mcig-rollies-announces-marijuana-cigarettes-120517994.html mCig, Inc. Announces Fiscal Year 2016 Financial Results (Unaudited); Revenue up $1.2 Million With Operational Improvement of $3.0 MillionHENDERSON, NV–(Marketwired – Jun 28, 2016) – mCig, Inc., ( OTCQB : MCIG ), a diversified company servicing the legal cannabis, hemp, and CBD markets, announced today its summarized unaudited financial results for its 2016 Fiscal Year. The annual audit is ongoing. Management believes the projected revenues will increase $1.2 million, a 247% increase over the prior fiscal year. You can read this press release in full at http://finance.yahoo.com/news/mcig-inc-announces-fiscal-2016-132019790.html MCIG Acquires VitaCig Business and $3.95M in MOQ ContractsHENDERSON, NV–(Marketwired – Jun 27, 2016) – mCig, Inc. (MCIG), a leading distributor of technology, products, and services in the Cannabis industry, recently filed an 8K announcing the acquisition of VitaCig, Inc. (VTCQ) e-cig and CBD business. VTCQ recently announced the acquisition and merger with Malecon Pharmacy, Inc., a premier anti-aging pharmaceutical company. MCIG acquired the original VitaCig business, while maintaining approximately 10% non-dilutable interest in VTCQ. As a brief explanation to our shareholders to supplement the recent 8k filing, MCIG acquired 100% of the VitaCig wholesale and retail sales, and all real and intellectual properties. Included in the transaction were the distribution agreements for the VitaCig and VitaStik brands in multiple European and Asian markets, with a minimum order quantity of $3.95 million over a three-year period. All VitaCig Internet domains and products, whether sold internationally or in the USA will be consolidated with MCIG sales, eliminating the duplicate costs associated with separate businesses, creating an improved bottom line for all MCIG shareholders. You can read this press release in full at http://finance.yahoo.com/news/mcig-acquires-vitacig-business-3-124528124.html
>>>>>>> As you can see, there are many technical and fundamental reasons to pay attention to MCIG tomorrow and over the longer term. We are also expecting some news tomorrow which could be the catalyst for a major short term breakout. Please, do yourself a favor and conduct your research on MCIG tonight and be ready to trade at the opening bell tomorrow. You will not regret it.    |
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