Connect with us

PUBLIC COMPANIES

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

Published

on

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.

TRENDING STORIES

Business1 week ago

Hemp Inc (OTCMKTS:HEMP) Looks to Garner Support on Expansion and CBD Talk

Hemp Inc (OTCMKTS:HEMP) shares recently slipped under technical support in the $0.025. The stock has possibly found some bids in...

INDUSTRIAL HEMP3 weeks ago

How to View the Current Action in Hemp Inc (OTCMKTS:HEMP)

One stock that has started to key on potential support in a lateral range is Hemp Inc (OTCMKTS:HEMP). The stock...

INDUSTRIAL HEMP5 months ago

Near-Term Headwinds Hit Scotts Miracle-Gro Co (NYSE:SMG) With A Huge Impact

Bank of America Corp (NYSE:BAC) has disclosed that Scotts Miracle-Gro Co (NYSE:SMG) has lately been experiencing several near term risks....

INDUSTRIAL HEMP5 months ago

Argitek Holdings Inc (OTCMKTS:AGTK) To Focus On Acquisition, Revenues & Profitability In 2018

Argitek Holdings Inc (OTCMKTS:AGTK) recently revealed that in 2018, the company’s main focus will be the acquisition, revenues, and profitability....

INDUSTRIAL HEMP5 months ago

PharmaCyte Biotech Inc (OTCMKTS:PMCB) Completes Pore Size Studies & 29 Tests Useful In Pancreatic Cancer Therapy

PharmaCyte Biotech Inc (OTCMKTS:PMCB) has said that the cells it is planning to use in the clinical trial in patients...

INDUSTRIAL HEMP5 months ago

Puration Inc (OTCMKTS:PURA) To Apply For Canadian Recreational Cannabis Cultivation License; To Give EVERx CBD Sports Water Free Samples

Puration Inc (OTCMKTS:PURA) recently announced that it will be applying for the Canadian recreational cannabis cultivation license. The confirmation came...

INDUSTRIAL HEMP5 months ago

Marijuana Company Of America Inc (OTCMKTS:MCOA)’s JV Completes 10,000 Sq. Ft. Greenhouse Set up; Provides Update on Oregon Project

Marijuana Company Of America Inc (OTCMKTS:MCOA) recently announced that its Joint Venture with Bougainville Ventures Inc. based in Washington has...

INDUSTRIAL HEMP5 months ago

Lifestyle Delivery Systems Inc.(OTCMKTS:LDSYF)’s CSPA Group Inc. Receives 15000 Reveur Units & 300 Liters Distillates’ Purchase Orders In Two Different Deals

Lifestyle Delivery Systems Inc. (OTCMKTS:LDSYF) recently made two big announcements related to the receipt of two open purchase orders to...

INDUSTRIAL HEMP5 months ago

Viaderma Inc (OTCMKTS:VDRM) Provides Update On Its Flagship Product Vitastem; Signs $250,000 Agreement With Vage Nigeria Ltd.

Viaderma Inc (OTCMKTS:VDRM), a publicly traded specialty pharmaceutical company recently announced an update on the sales of its flagship product...

INDUSTRIAL HEMP5 months ago

Plandai Biotechnology Inc (OTCMKTS:PLPL) Phytofare Gaining Traction in International Markets

Plandai Biotechnology Inc (OTCMKTS:PLPL) recently issued an update following the successful launch of its Phytofare® supplement. Plandai Biotechnology is a...

Advertisement
Advertisement

Crop Infrastructure

 

Trading Symbol

OTC: CRXPF

CSE: CR0P

For The Next Big Wave In Marijuana Profits 

 

Big Profits From The Cannabis Land Rush