Top Recreation Stocks To Buy For 2015: mCig Inc (MCIG)
MCIG, INC. (mCig), incorporated on December 30, 2010, is a development-stage company. The Company is a technology company. The Company focused on two long-term secular trends sweeping the globe: the decriminalization and legalization of marijuana for medicinal or recreational purposes and the adoption of electronic vaporizing cigarettes (eCigs).
The mCig provides a smoking experience by heating (not burning) plant material, waxes, and oils delivering a smoother inhalation experience. As of October 31, 2013, the Company did not generate any revenues.
Advisors' Opinion:- [By John Udovich]
After marijuana, the electronic cigarette sector and e-Cig stocks or industry playerslikeReynolds American, Inc (NYSE: RAI), mCig Inc (OTCBB: MCIG), Victory Electronic Cigarettes Corp (OTCMKTS: ECIG) and American Heritage International Inc (OTCBB: AHII) is looking like the next hot niche sector for investors. However, electronic cigarette stock investors should be aware of the followingrecent good and bad news from the sector that needs to be digested:
- [By Joel Elconin]
One such example is mCig (OTC: MCIG).
MCIG started off with a $10 vape pen," he said. "They almost envision themselves as being the Apple of the industry. CEO and founder Paul Rosenberg [is] strictly a businessman, he owns about half the stock. He then brought on some talent and gave them his stock to help the company. Why? Because he knows the stock is overvalued, but if you can [evolve a company] without diluting your shareholders, that's what I mean by doing the right thing.
- [By John Udovich]
Last week, I talked about small cap electronic cigarette stocks Vapor Corp (OTCMKTS: VPCO) and Hop-On Inc (OTCMKTS: HPNN) as being among the last of the e-Cigstocks not controlled by Big Tobacco, but Victory Electronic Cigarettes Corp (OTCMKTS: ECIG), mCig Inc (OTCBB: MCIG) and American Heritage! International (OTCBB: AHII)are alsopositioning themselves or their technology to exploit opportunities in the e-Cig market or even inmarijuana or cannabis. Last year, industry experts were already saying thatUS retail sales of e-cigarettes could reach $1 billion for the yearfor roughly1% of the country's cigarette market. That number might appear small, but its more than double 2012 salesas sales increasinglymove off the Internet and into more mainstream retailers thanks to their positioning as ahealthier alternative to smoking.
source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/top-recreation-stocks-to-buy-for-2015-2.html
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