technical420.com/cannabis-article/...stocks-continue-fly-high
October 24, 2016
A company that recently came back on our radar screen is mCig Inc. (MCIG)...
Today, mCig CEO Paul Rosenberg issued a corporate update and announced that three of its four divisions are profitable. He also said that the company has become much more geographically diverse following the addition of new clients, new products roll outs, and continued market penetration through existing product lines and expanded distribution agreements.
Down From its Highs
MCIG has rallied more than 150% in the last month and we are favorable on this morning’s update as the company reported a significantly improved financial position, new strategic partnerships, as well as a product update.
mCig is comprised of several business units that have made significant progress over the last year and we will continue to monitor how MCIG trades as we monitor the stock for a buy opportunity...