mCig (OTCQB:MCIG) reported the filing of its 3rd Quarter financial reports with the SEC. Highlights of the company’s earnings statement includes a 446 percent increase in revenue in the three months ended January 31, 2017 compared to the same quarter in the previous year. Current assets reported are at $1,259,689. 
As quoted in the press release:

Highlights of the earnings statement include:
Three months ended January 31, 2017 compared to the three months ended January 31, 2016


  • Revenue increased 446% to $1,362,689 compared to $249,641
  • Gross profit increased 239% to $288,230 compared to $85,076
  • Expenses decreased 27% to $97,052 compared to $133,236
  • Cash and cash equivalents increased 422% to $420,888 compared to $80,542
  • Current assets increased 1,241% to $1,259,689 compared to $93,930

Three months ended January 31, 2017 compared to the three months ended October 31, 2016

  • Revenue increased 120% to $1,362,689 compared to $620,015
  • Gross profit increased 31% to $288,230 compared to $220,151
  • Expenses decreased 63% to $97,052 compared to $262,437
  • Cash and cash equivalents increased 47% to $420,888 compared to $285,812
  • Current assets increased 116% to $1,259,689 compared to $583,695

Subsequent actions during this quarter

  • VitaCig experiences its best month in its history exceeding all of last quarter’s revenue numbers for its segment

  • MCIG enters into joint venture for expansion of its VITACBD brand.

  • MCIG expands operations to include new cannabis supplies segment

  • Grow Contractors expands operation to include Oregon, where it is constructing a new facility.

  • MCIG completes its first construction project and awaiting clients Certificate of Occupancy

Click here for the full press release. 

Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Aurora Cannabis Inc. (NYSE: ACB) between February 13, 2020 and September 4, 2020, inclusive (the “Class Period”), of the important December 1, 2020 lead plaintiff deadline in the securities class action. The lawsuit seeks to recover damages for Aurora investors under the federal securities laws.

To join the Aurora class action, go to http://www.rosenlegal.com/cases-register-1965.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

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To join the class action, go here or call Vik Pawar, Esq. toll-free at 888-589-9804 or email info@pawarlawgroup.com for information on the class action.

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The Portnoy Law Firm advises investors that class action lawsuits have been filed on behalf of investors in the following publicly traded companies. Shareholders interested in taking an active role in these cases have until the deadlines indicated below to petition the court. There is no cost or obligation to you. See below for more information on these cases.

Credit Acceptance Corporation investors (NASDAQ: CACC); December 1, 2020 deadline, click here to join .

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