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mCig Inc (OTCMKTS:MCIG) Begins Working On SSC Facility In Nevada, Expects More Projects This Year

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mCig Inc (OTCMKTS:MCIG) is making significant progress with its Grower Services Division (GSD), in Nevada. Two companies, Tetramed Holdings Corporation (THC) and Sin City Cultivation (SSC), have engaged with the division for the construction of their cultivation facilities. The site plans for the facilities have already been approved and GSD has begun working on the projects.

The projects have been divided into two phases, with the first phase to be completed within a period of 4-months. The cultivation center would be spread out over an area of 4,500 sq ft. However, the site plan indicates a multi-vertical tier design, which should offer a canopy footprint of 10,000 sq ft. MCIG expects to raise a total of $240,000 as revenues from phase-1. The second phase would focus on a greenhouse footprint, of 40,000 sq ft. It is expected that phase-2 would take an additional 8-months for completion. Revenues from phase-2 are expected to be as much as $1,750,000.

Jori Olson, the VP of GSD sales, revealed that there are multiple projects in the pipeline for the state of Nevada, for MCIG. Mr. Olson also stated that mCig GSD offers complete growing solutions to its consumers. The plans by SCC and THC involve the conversion of a warehouse facility into a central cultivation center, while the surrounding land is used for multiple greenhouses. It should be noted here that mCig’s GSD is one of the first of its kind in the upcoming market and prides itself in maximizing land usage, during construction.

Daniel Caravette, the CEO of SSC, stated that he has been closely working with the GSD in the development of the facilities plans, for over a year. He was of the opinion that MCIG is in contact with a unique set of contractors, who can get the job done at the best price. MCIG expects to announce more projects later this year.

mCig Inc (OTCMKTS:MCIG) lost 7% of its share value, after having a trade volume of 905,605 shares, during the April 29 trading session, to reach a close at $0.0372 per share.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of MMJReporter.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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