BEVERLY HILLS, CA--(Marketwired - May 26, 2015) - mCig, Inc. (OTCQB: MCIG), a leading provider of technology, products, and services for consumers, dispensaries, and growers within the global medical and recreational marijuana industry, announced on Tuesday, May 26, 2015 the plan to open a Southern Colorado Cultivation and Extraction Facility. The Extraction Division will oversee the operation of the facility, cultivating and extracting a world-class product for legal consumers in Colorado, allowing mCig to create another stable revenue stream in the cannabis extraction industry, which some analysts predict will reach $47B in revenue in 2016. The blueprint for this pilot facility will also be easily duplicated in other locations. In addition to the plan, mCig announced the completion of an agreement with Denver-based Master Grower and Cannabis Entrepreneur Derek DeCosmo to serve as a Key Partner and consultant for the upcoming Cultivation Facility. Mr. DeCosmo will also be responsible for providing logistical support for the Extraction portion of the Facility.
Mr. DeCosmo has over a decade of professional growing experience as well as an extensive network of farmers and dispensaries across the state from which to pool resources. Mr. DeCosmo has worked with Personal Organic Therapies in Denver in the past, and is extremely excited to be involved with the mCig Southern Colorado Operation. Mr. DeCosmo commented, "When Mike Snody (mCig's Chief Research and Development Officer) laid out the master plan and invited me to join this operation, I was immediately on board. I am putting 100 percent of my energy into ensuring the success of the Southern Colorado Operation. I grow the most potent, highest quality strains, and I'm constantly pushing the envelope, and I look forward to putting that knowledge and experience to work for mCig in Colorado. I have access to the absolute best, award-winning cuts and world-renowned strains in the world which we will use to create the finest concentrates available on the planet." The Southern Colorado facility will allow the Extraction Division to field test the upcoming Supercritical Co2 Extractor.