mCig (OTCQB:MCIG) has announced that it has signed an agreement to buy land in Kern County, California, to expand its asset base in preparation for the state’s Green Rush on January 1, 2018.
As quoted in the press release:

Paul Rosenberg, CEO of mCig Inc., commented, “California is a major emerging market for legal cannabis consumption, with adult-use sales expected to begin in 2018. We were looking for the right deal that makes sense for the company and its shareholders, and it took us quite a few months, but we have finally taken the first step in establishing a vertically integrated cannabis-focused agriculture company. The company has since initiated the licensing process and application for cultivation/production/distribution licenses.”
MCIG is expanding its business model to include cultivation, production, and distribution. The proposed initial build out in California will cover 50,000 square feet of greenhouse cultivation space that can produce 1,600 lbs and generate conservatively $2.4m a month in revenues.
The Company is also seeking the right opportunity to secure land and licensing in Nevada and Arizona. MCIG views this strategic move as part of the blueprint of what’s to come. Expanding operations horizontally will boost MCIG’s impact on the market and provide greater wealth opportunities for its shareholders.


Click here to read the full press release.

 

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“Our plan is to have the maximum number of retail stores possible in British Columbia. We have 10 year leases on these stores, putting everything in on a solid pitch for the city council. I’m pretty confident that we’re going to have eight centers full blast in BC within six months,” explained Rossi. 

Quantum 1 Cannabis has signed a memorandum of understanding to acquire an approved municipal cannabis retail location in one of Vancouver’s most diverse neighborhoods at 41st Avenue and Cambie Street in Vancouver, British Columbia. The flagship location is expected to expand the company’s footprint in the Lower Mainland.

Watch the full interview with Quantum 1 Cannabis (CSE:QQ) CEO Russ Rossi above.

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Bazelet has launched multiple lines of terpene-enriched cannabis oils; each one is specifically designed for various indications, symptoms and personal needs. The company’s terpene-enriched products are optimized for women’s health, for elderly population needs, for specific types of pains (muscle, joint, neuropathic) and for improved night sleep. 

According to Sudman, there are a lot of larger companies that have tried to do this, but none have been able to successfully bring innovation into the market. Ayurcann is rapidly forging partnerships with several companies worldwide, including Cannmart, Patient Choice and Kindred Partners.

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Watch the full interview with Ayurcann CEO Igal Sudman above.

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