mCig Soars More than 20% after Trademarking Brands


Ryan Allway

September 5th, 2014

News, Top Story


[stockchart symbol=MCIG]

mCig Inc. [stockquote symbol=MCIG], developer of electronic cigarettes targeting the medicinal and recreational marijuana industries, jumped more than 20% on Friday after securing two trademarks covering mCig® and VitaCig®. The trademarks represent an important milestone for the company as it focuses on commercializing its innovative electronic cigarettes and tobacco-free cigarettes and medical devices.

“We are pleased with the USPTO decision to award us the registered trademark designations for VitaCig® and mCig®,” said mCig Inc. CEO Paul Rosenberg in the company’s recent press release. “We can now focus on scaling up with partners that have additional resources and capital. We are working on several of these joint ventures and look forward to updating our shareholders when they materialize.”

mCig® is designed to be the world’s most affordable vaporizer priced at just $10 per unit, providing a superior smoking experience by heating plant material, waxes, and oils for a smoother inhalation experience. VitaCig® is a nicotine-free e-cigarette that delivers a water-vapor mixed with vitamins and natural flavors, providing smokers with a healthier alternative to tobacco products, priced at just $5 per unit.

The e-cigarette industry has seen significant consolidation over the past few months, after Lorillard Inc.’s [stockquote symbol=LO] $135 million acquisition of Blucigs and Altria Group Inc.’s [stockquote symbol=MO] $150 million acquisition of Green Smoke. As additional U.S. states legalize medical and recreational marijuana, developers of vaporizers could see additional revenue streams materialize in the future.

In addition to mCig, companies like Vape Holdings Inc. [stockquote symbol=VAPE] and Agritek Holdings Inc. [stockquote symbol=AGTK] offers their own solutions within the e-cigarette and vaporizer industries. The two companies also provide exposure to the medical and recreational marijuana portion of the market in states where the drug has been legalized, providing investors with an ancillary opportunity within the space.

Shares of mCig Inc. were trading up 22% as of mid-day trading on Friday, September 5, 2014 following the news announcement.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

Disclaimer: Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.



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CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.

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