mCig Inc (OTCMKTS:MCIG): Stock on the Move – MicroCap Daily

mCig Inc (OTCMKTS:MCIG) saw a spectacular rise in price at the end of last year shortly after the Company changed their name to mCig Inc from Lifetech Industries Inc. Starting off in the sub pennies MCIG went on to run to incredible highs of $0.922 on massive volume.

The massive run up on MCIG was caused by the red hot Cannabis sector responsible for many of the biggest winners in recent penny stock history. As the sector cooled down MCIG has been slowly drifting downward and is currently nearing previous established support level at the $0.10 level.

One thing longs are betting on is that the Cannabis sector will heat up again as The Florida Right to Medical Marijuana initiative, Amendment 2 is on the November 4, 2014 ballot in the state of Florida as an initiated constitutional amendment. The measure, upon voter approval, would legalize medical marijuana in Florida.

mCig, Inc. (OTC:MCIG) is a technology company focused on two long-term secular trends sweeping the globe: (1) The decriminalization and legalization of marijuana for medicinal or recreational purposes (2) The adoption of electronic vaporizing cigarettes (commonly known as “eCigs”) by the world’s 1.2 Billion smokers. The company manufactures and retails the mCig(R) — the world’s most affordable vaporizer priced at only $10. Designed in the USA — the mCig(R) provides a superior smoking experience by heating plant material, waxes, and oils delivering a smoother inhalation experience.

To Find out the inside Scoop on MCIG Subscribe to Microcapdaily.com Right Now by entering your Email in the box below

MCIG also owns Vapolution, Inc. which manufactures and retails home-use vaporizers such as the Vapolution 3.0. Through its wholly owned subsidiary, VitaCig, Inc. the company manufactures and retails the VitaCig(R), a $5 nicotine-free eCig that delivers a water-vapor mixed with vitamins and natural flavors.

The mCig® embodies a sleek …read more

This entry was posted in Vaporizer E-Cigarette Stocks News. Bookmark the permalink. Follow any comments here with the RSS feed for this post. Post a comment or leave a trackback.