Healthcare Technology Heavily Influencing the Legal Cannabis Patient Industry

Cannabis Science, Inc. (OTC: CBIS) closed up slightly on Monday trading over 21.8 Million shares by the market close. Cannabis Science, together with its subsidiaries, develops, produces, and commercializes phyto cannabinoid-based pharmaceutical products primarily in the United States. The company is involved in developing medicines for autism, blood pressure, cancer and cancer side effects, as well as for other illnesses comprising for general health maintenance.

Lifestyle Delivery Systems Inc (OTCQB: LDSYF) closed up over 12% at $0.5752 on Monday trading over 800,000 shares by the market close. Lifestyle Delivery Systems produces and sells cannabis infused strips. It develops and licenses a proprietary filmstrip technology that can be used to produce oral delivery systems for energy elixirs, herbal remedies, and a smokeless alternative option to medical and recreational users of cannabis

mCig, Inc., (OTCQB: MCIG), a diversified company servicing the legal cannabis, hemp, and CBD markets announced on Monday its preliminary earnings and financial results for its third quarter for FY 2017, ending January 31, 2017. MCIG generated $1.3M in revenue through its construction, CBD, and e-Cig divisions during the third quarter bringing its total revenue for the FY to $2.2M. The revenue generated represents a 546% increase from the same period last year, and a 204% increase from last quarter. MCIG's net income for the quarter was $898K (with a $118K adjusted net income) bringing its total net income YTD to $716K ($227K adjusted net income), a 32% net margin. The company generated $341K in cash from operations and has increased its cash, and cash equivalents, position by 311% this fiscal year to $420K. MCIG reports $1.26M in current assets with only $287K in current liabilities giving it an acid test ratio of 4.3:1, its highest rating in company history.

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