LAS VEGAS, NV--(Marketwired - Nov 9, 2017) - mCig Inc. (OTCQB: MCIG), a
diversified company servicing the legal cannabis, hemp and CBD markets, is pleased to announce that its Grow Contractors division
has entered an exclusive agreement to build and develop a 31,000 square foot state of the art cultivation, extraction, and
distribution facility located in a prime area of the San Gabriel Valley in California.
"The past few months in California have been absolutely amazing for the entire cannabis industry in SoCal; I've never seen
this level of activity in other states when they had first become recreational. I can already tell that this is going to be quite
the market and we're perfectly poised to take advantage of it," says Robert Kressa, CEO of Grow Contractors.
The buildout is valued at over $5M with exclusive rights having been granted to Grow Contractors for the entire construction
project. The cultivation area alone will be 22,000 square feet with over 500 flowering lights.
In conjunction, extraction is expected to match cultivation revenues. Cannabis extracts make up a huge portion of the
marijuana market accounting for about one third of all marijuana sales. The extraction lab will primarily be equipped for the
production of distillate and for the filling of vape pen cartridges. In total, the facility will produce over 100 separate SKU's.
Distribution will also be contained within the facility as a service to facilitate delivery to retailers, with a fleet of
vehicles and drivers maintaining a logistics backbone to service the entire Southern California region.
"Our Grow Contractors division was very busy in the last few months, finishing old construction projects, bidding on a new
ones, and most importantly, changing its business model. The division took some time to restructure and clean up past projects,
including canceling some non-performing operations in order to move forward. We look forward to our expanded presence in
California and more to come. Expect many more construction, management, and exclusivity announcements from Grow Contractors,"
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.
Follow Grow Contractors on:
www.growcontractors.com
https://www.instagram.com/robgrowcontractors
www.facebook.com/GrowContractorsCA
www.mciggroup.com/project-updates
www.facebook.com/mCigInc
https://twitter.com/mciginc
https://www.cannabizsupply.com
About MCIG Group (OTCQB: 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.
For more information visit our websites:
www.mciggroup.com
www.growcontractors.com
www.420cloud.com
www.420jobsearch.com
www.weedistry.com
www.cbd.biz
www.vitacig.org
Safe Harbour
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.
This release contains a non-GAAP disclosure, EBITDA, which consists of net income plus interest expense, net, provision for
income taxes and depreciation and amortization. This term, as the Company defines it, may not be comparable to a similarly titled
measure used by other companies and is not a measure of performance presented in accordance with GAAP. The Company uses EBITDA as
a measure of operating performance. EBITDA should not be considered as a substitute for net income.