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INVESTOR PRESENTATION – JUNE 2014
FORWARDLOOKINGSTATEMENTSDISCLAIMER
Any statements contained in this presentation that do not describe
historical facts may constitute forward-looking statements as that
term is defined in the Private Securities Litigation Reform Act of 1995.
Any forward-looking statements contained herein are based on
current expectations, but are subject to a number of risks and
uncertainties. The factors that could cause actual future results to
differ materially from current expectations include, but are not limited
to, risks and uncertainties relating to the Company's ability to develop,
market and sell products based on its technology; the expected
benefits and efficacy of the Company's products and technology; the
availability of substantial additional funding for the Company to
continue its operations and to conduct research and development,
and future product commercialization; and the Company's business,
research, product development, regulatory approval, marketing and
distribution plans and strategies.
FUNDAMENTALS
FUNDAMENTALS
About mCig, Inc.
mCig, Inc. (OTCQB: mCig) is a technology company focused on two long-term secular trends sweeping the globe:
(1) The decriminalization and legalization of marijuana for medicinal or recreational purposes
(2) The adoption of electronic vaporizing cigarettes (commonly known as “eCigs”) by the world’s 1.2 Billion
smokers.
In the marijuana industry mCig is a leading manufacture of portable vaporizers such as the mCig 2.0 and
traditional vaporizers such as the Vapolution 2.0.
In the eCig industry, mCig operates a subsidiary: VitaCig, Inc. which is leveraging eCig technology to develop
nicotine-free medicinal and nutritional products such as the VitaCig.
mCig operates another subsidiary: LiqCig, Inc. which is developing the world’s first pre-packaged Alcoholic eCig.
Stock Information Management Team
• Paul Rosenberg – Chief Executive Officer
• Mark Linkhorst - Chief Operating Officer
• Patrick Lucey – President , Vapolution, Inc.
• Chad Shaffer - Chief Operating Officer, Vapolution, Inc.
PCAOB Auditors
De Joya Griffith
1 Liberty Plaza, 23rd Floor
New York, NY 10006
Phone 212.531.1600
Fax 702.920.8049
http://www.dejoyagriffith.com
Stock Market Symbol: mCig
Common Shares Outstanding 270,130,000 as of 6/2/2014
SEC Regulation Yes – Fully Reporting
Link to SEC Filings: Click Here
Insider Ownership 50.1%
Corporate Transfer Agent
Island Stock Transfer
15500 Roosevelt Boulevard
Clearwater, Florida
Phone 727.289.0010
Fax 727.289.0069
http://www.islandstocktransfer.com
THE OPPORTUNITY - VAPORIZERS
“During the Gold Rush, most gold miners lost
money, but people who sold them picks,
shovels, tents and blue-jeans (Levi Strauss)
made a nice profit.”
Peter Lynch
THEOPPORTUNITY–MARIJUANALEGALIZATION
Cannabis (AKA) Marijuana
Marijuana is the third most popular recreational drug in America (behind only alcohol and tobacco), and has been used by
nearly 100 million Americans. According to government surveys, some 25 million Americans have smoked marijuana in the
past year, and more than 14 million do so regularly despite harsh laws against its use.
Legalization and Decriminalization Trend
Following the global economic crisis of 2008 a renewed effort was made by the marijuana lobby for both decriminalization of
the herb as well as legalization. This push was ultimately successful as the prospect of taxing marijuana like alcohol or tobacco
represented an inflection point in the conversation for the merits of legalization. This culminated in marijuana being fully
decriminalized and even legalized for adults 21 and up in the states of Colorado (Amendment 64) and Washington (Initiative
502). Colorado and Washington represent only the start of this trend. On January 16th, 2014, cannabis was legalized in five
more states under federal law. These states are the following: Hawaii, Kansas, Alaska, Michigan, and Rhode Island. On a
Federal level, there have been important developments as well. Most recently US Attorney General Eric Holder in a speech to
the House of Delegates indicated that he had mandated a review and modification of all Justice Department policies relating
to the sentencing of non-violent drug offenders.
Market Size in Billions of Dollars per Year
USA Legalized (WA & CO) $1.5 Billion today
$6.0 Billion by 2018
USA Legalized All States $60 Billion
Global Current Illegal $150 Billion
Global Marijuana Users 150 million
USA States with Legal Marijuana Laws Marijuana Business Opportunity
THEOPPORTUNITY–PICK&SHOVELBUSINESSMODEL
mCig, Inc. – A “Pick and Shovel” Marijuana Company
mCig operates a simple business model: We develop cutting edge vaporizers for the recreational and medicinal marijuana
community at disruptive price points. In addition to being disruptive on price, we also believe in the “Open-Source” model
allowing our customers to heat up the plant material of their choice, as opposed pre-packaging our vaporizers with plant
material.
First Mover Advantage Where it Counts
A “first mover” advantage only matters when you are focused on delivering unique customer experiences and building brand
affinity. Most marijuana companies have chosen to grow marijuana a highly commoditized and competitive plant. We chose
to develop and incubate brands that will resonate within the community and allow us to generate high volume, recurring
sales.
We operate two such brands:
Pick and Shovel Business Model
Founded in 2000, Vapolution is a leading producer of home-use herbal vaporizers
such as the Vapolution 2.0. The Vapolution is sold in over 11 Countries, and 20
distribution points. Cumulative revenues of over $2 million since founding without
spending any capital on marketing. www.vapolution.com
Founded in 2013, mCig is a leading producer of portable herbal vaporizers such as
the mCig 2.0 – a $10 purpose built herbal vaporizer that has generated sales in
over 20 countries and significant buzz. www.mCig.org
PRODUCT CATALOG
PRODUCTCATALOG-MCIG
mCig, Inc. – A “Pick and Shovel” Marijuana Company
Since 2013, mCig has developed two iterations of its flagship product. The mCig 1.0 which was released in November 2013, and
the mCig 2.0 which was released in January 2014. In February 2014, we released our Made in USA Hand Blown Glass Inserts
which allow customers to enjoy an even cleaner vaporizing experience by inserting plant material into the glass and then
dropping the glass into the mCig 2.0 heating chamber.
Product Catalog – mCigProduct Catalog - mCig, Inc.
Product Details Product Image
• mCig 1.0
• World’s Most Affordable Vaporizer
• Released in November 2013 – Sold Out in
10 days
• Collectors Item
• mCig 2.0 – CE Mark Compliant
• Next Generation Technology
• Multi-Voltage
• Made in USA Glass Insert – True Vape
• Wider Chamber, More Battery Power
• Same Price ($10)
mCig 3.0 Update
• Patentable technology and design being finalized.
• Announcement Scheduled for Q3 2014
PRODUCTCATALOG-VAPOLUTION
mCig, Inc. – A “Pick and Shovel” Marijuana Company
Since 2000, Vapolution has developed two iterations of its flagship product. The Vapolution 1.0 which was released in
November 2003, and the Vapolution 2.0 which was released in July 2013. In March 2014, we launched a rebranded
Vapolution.com website with an optimized online sales engine and a newly designed logo.
Product Catalog – mCigProduct Catalog – Vapolution, Inc. (100% Owned Subsidiary)
Product Details Product Image
• Vapolution 1.0
• First electronic vaporizer to offer a
complete glass air path.
• First to offer a custom built glass lined
heater.
• Vapor taste and flavor still sought after
today.
• Vapolution 2.0
• Total Redesign
• Remains the only Vaporizer with an all
glass vapor path.
• Made in USA Glass
• MSRP is 20% lower than 1.0
Vapolution 3.0 Update
• Prototype completed. Currently in testing mode. Next generation features.
• Scheduled for Q4 2014
CORPORATE UPDATE– JUNE 2014
mCig and VitaCig Billboards being rolled out in Manhattan and Brooklyn – May 2014
CORPORATEUPDATE–JUNE2014
SEC Filing Amendments Lead to Potential Hire
•For the month of May 2014, mCig, Inc. and VitaCig, Inc. continued
to build on the success achieved in the month of April. Both
companies saw dramatic improvements in order fulfillment and
inventory management rates even in the face of severe US Postal
Service scrutiny of our shipments. From May 25 onwards , both
mCig and VitaCig orders have been shipping within 48 hours or
less from our fulfillment centers in Pennsylvania and Virginia.
•On May 20, mCig, Inc. announced the launch of a National Media
campaign that would include both online and offline components.
The offline component of the campaign has been centered on a
$300,000 transaction with Prince Media Co. whereby mCig, Inc.
negotiated the rotation of VitaCig and mCig billboards over a
period of 6 months in Manhattan, Brooklyn, and San Francisco . As
of the date of this presentation only 8 billboards have been rolled
out (see photos in previous slide).
•On May 23, mCig Inc. engaged an online media consultant to
develop and deploy a wide-reaching online campaign that will
include PPC (Pay-Per-Click) and display ads as well as retargeting
technology on highly visited web properties. The company
believes this campaign will be launched mid June 2014. Based on
our internal projections of cash flow, we estimate the online
campaign running 24/7 globally for as long as our sales figures stay
in line with recent trends.
•Office Relocation– The company is preparing to move its primary
administrative headquarters from Washington State to a soon to
be decided East Coast location. This decision is driven primarily by
the potential for VitaCig and the need for the company to be
closer to both the financial centers, and more importantly, the
media buying and distribution centers in the US.
•First Retail Rollout – The company has initiated a beta-rollout in a
C-Store located in the Southern US with 20 locations. Once this
test has been completed , a sales force will be hired and trained
for the purpose of developing an internal distribution system.
•Strong Cash, Inventory, Capital levels– The company maintains
historic levels of Cash ($350,000 in Cash as of June 2, 2014),
Inventory ($150,000 + in inventory at any given day) , and Capital
($600,000+ in total capital )between mCig, Inc. , Vitacig, Inc. and
Vapolution, Inc. – The company is producing free-cash-flow nearly
every day while maintaining zero debt.
Business Update
National Media Attention CNBC
In the month of April, mCig achieved its first national media
attention from the business news channel CNBC. In a segment on
the emerging cannabis industry, CNBC’s Jane Wells discussed
mCig, Inc. and our line of products as well as interviewed COO
Mark Linkhorst, and Vapolution, Inc. President Patrick Lucey.
Towards the end, Jane Wells puffed on a VitaCig on Live Television.
To view the segment in its entirety click here.
As part of a routine SEC Examination of our corporate filings, the
company continues to file various amended filings that show up
on the SEC.gov Edgar system under (“/A”) titles. These
amendments vary depending on the filing but for the most part
relate to disclosure requests made by the SEC or improvements
to the integrity of our filings.
As Part of this process, mCig, Inc. CEO Paul Rosenberg brought in
a consultant to help assist in the auditing/accounting/SEC
disclosures. This consultant was previously trained as a PCAOB
auditor for a large accounting firm. The company is currently
negotiating to hire this consultant full-time to serve as CFO, and
financial controller - an important step forward in achieving the
Corporate Governance requirements inherent in a potential Up-
Listing.
mCig and VitaCig See Growth in Organic Social Media Adoption
The month of May saw an exciting mix of organic social media
interactions between our customers and our various brands. In
total, we were able to measure over 100 organic uploads to
various social media websites. This gauge is important as we are
seeing customers incorporate our brands (led by VitaCig) into their
daily routine. This process is integral in helping to grow adoption
and promote our brands around the world for free.
THE OPPORTUNITY – ELECTRONIC CIGARETTES (ECIGS)
THEOPPORTUNITY–ELECTRONICCIGARETTES
Electronic Cigarettes (eCigs)
eCigs are electronic devices comprised of a small lithium-ion battery and an atomizer that vaporize a nicotine liquid. As nothing
is being burned, the result is a clean delivery of nicotine without the negative effects of tar, smoke, or second hand smoke.
mCig, Inc. operates within the eCig industry by leveraging mobile vaporization technology for innovative new applications.
What Goldman Sachs Says: (From Report Entitled: Top Disruptive Technologies August 2013)
Electronic Cigarettes – (eCigs)
Mergers and Acquisitions in the eCig Space
Date Suitor Company Acquired Transaction Value Source
2/03/2014 Altria Group, Inc. (NYSE: MO) Green Smoke, Inc. $110,000,000 Altria
10/1/2013 Lorillard Inc. (NYSE: LO) Skycig, UK $50,000,000 Lorillard
4/25/2012 Lorillard Inc. (NYSE: LO) Blu Ecigs, Inc. $135,000,000 Wall Street Journal
THEOPPORTUNITY–ELECTRONICCIGARETTES-VITACIG
Taking the same innovative approach we applied to the marijuana industry, management decided to avoid direct competition
with the ultra-competitive and highly regulated nicotine-based eCig industry. Instead, we developed a niche product by
embracing the potential that eCig technology (the ability to easily vaporize pre-packaged liquids from a pocket-sized device)
brings to medical delivery applications. VitaCig was officially launched on April 15, 2014 with three initial flavors. Sales achieved
to -date are markedly higher than over the same period for mCig products. This can be attributed to the wider reach
VitaCig – 100% Owned Subsidiary
As far as we know, there does not exist a product comparable to Vitacig on the market. We believe the Vitacig will cannibalize
both the existing eCig market as well as the e-Hookah markets by providing a superior, enjoyable experience without the
nicotine or overly sweet flavors. This product will appeal to a wide market including: Smokers looking to quite, Smokers
looking to reduce nicotine consumption, non-smokers.
VitaCig – eCig as Medical Delivery Devices
• Disposable
• 500 Puffs
• Shiny Metallic Colors
• Every Vitacig contains a base of: Vitamins A,
B, C, E and CoQ10 (Ubidcarenone)
• Refresh – Mint + Peppermint Flavor and
Eucalyptol
• Relax - Blueberry and Black Currant flavor
+ B-myrcene
• Energize – Orange + Grapefruit flavor +
Limonene.
• VitaCig Launched on April 15, 2014
• Successful Inventory Management lead to 0 days
without inventory.
• FDA Regulation Proposals on eCigs appear to
exclude nicotine-free devices such as the VitaCig.
• VitaCig, Inc. S1 Filed with the SEC on April 20,
2014 - SEC Comments received. Revised S1 to be
filed by June 15, 2014.
• VitaCig ingredients sent for testing with Intertek
Global, PLC. Results will be published in June.
Results will allow for inclusion of Nutritional
Values on each VitaCig package paving way for
global retail distribution.
• VitaCig Sales velocity superior to that of mCig
with several days in May seeing VitaCig outselling
mCig less than 40 days after Official Launch!
VitaCig – Milestones Achieved to Date
THEOPPORTUNITY–ELECTRONICCIGARETTES-LIQCIG
As with VitaCig where management recognized the potential for mobile vaporization technology in medical delivery
applications, the idea for LiqCig was developed internally towards the end of 2013. Before proceeding, Management engaged a
team of third party scientists to test both the efficacy and technical process that would result in the delivery of alcoholic vapor.
After being convinced of the technical merits and scientific efficacy this project was advanced. Unlike with mCig, Vapolution, or
VitaCig, LiqCig will be incubated for a longer period of time with the ultimate objective of retailing LiqCig’s with licensed well-
known alcoholic brands. Management believes this business strategy will result in higher margin profitability over the long-
term and has greater potential to disrupt the $1.3 Trillion Alcoholic Beverage Industry.
LiqCig, Inc. – 100% Owned Subsidiary
LiqCig, Inc. – eCig Technology Disrupting Recreational Alcohol Consumption
• Calorie-Free Alcoholic Consumption
• Planned Distribution by Regulated Alcoholic
Channels
• Disposable and Recyclable
• Pre-Packaged With Licensed Alcoholic
Brands
• Initial testing for three spirit categories:
Vodka, Tequila, Rum.
“The LiqCig has the potential to significantly disrupt the
existing Alcoholic Beverage Market by providing a
superior method for the consumption of alcohol
recreationally.”
Paul Rosenberg, CEO mCig, Inc.
$0
$500
$1,000
$1,500
Tobacco IndustryAlcoholic Beverage
Industry
Alcoholic Beverage Sales vs.
Tobacco Industry Sales ($BN) Source:
Marketline
2010 2015
MCIG – THE PATH TO A POTENTIAL UPLISTING
MCIG–THEPATHTOAPOTENTIALUPLISTING
mCig, Inc. (OTCQB: MCIG) currently trades on the OTC QB Exchange. The OTC QB is regulated by FINRA and the SEC however
there are no financial listing requirements. As a result, companies trading on the OTC QB are often perceived as inferior within
the investment community and for the most part do not receive institutional investment from the likes of Mutual Funds,
Pension Funds, Hedge Funds, and Insurance Companies. While mCig, has enjoyed its time on the OTC QB and believes that the
exchange is extremely important for capital formation of early stage companies, it is our objective to meet the financial
standards required for an up listing to a National Stock Exchange. While such an up listing does not guarantee us financial
success (only hard work and increased adoption of our products can achieve that) it could significantly change our prospects
for access to capital as well as increase the notoriety of our brand and products.
Why Up list?
National Exchanges and Financial Listing Requirements
There are two primary National Exchanges in the US: The NADSAQ and the New York Stock Exchange (NYSE). Below are the
listing requirements for both exchanges:
Listing Requirement Nasdaq Capital Market
(Rule 505a 505b2)
NYSE MKT
(Standard 2)
MCIG Current (Pro
Forma Q1)*
MCIG Following
VCIG Listing @ $.05
Shareholder Equity $4,000,000 $4,000,000 $1,287,419* $13,525,500
Value of Publicly Held Shares $15,000,000 $15,000,000 $102,500,000 $102,500,000
Market Capitalization $50,000,000 Not Required $115,000,000 $115,000,000
Publicly Held Shares 1,000,000 1,000,000 250,000,000 250,000,000
Shareholders 300 400 4,000+ 4,000+
Market Makers 3 Not Required 30 30
Stock Price $4.00 $2.00 $.43 $.43**
As can be seen in the table above, mCig already meets 5 out of 7 listing requirements for both NASDAQ Capital Market and
NYSE MKT. The only two barriers that remain are Shareholder Equity and Minimum Stock Price. The minimum stock price is
purely technical and can be resolved by initiating a reverse stock split . Alternatively, if our shares appreciate past the minimum
threshold we may not require a reverse stock split. Management believes that the shareholder equity requirement should be
met with the listing of VitaCig, Inc.
On May 28, 2014. Vapor Corp.(VPCO) an OTC QB company achieved an up listing to the NASDAQ Capital Market. At the time
of the uplisting, VPCO had $10.8 million in Shareholder Equity confirming that the potential remains for mCig, Inc. following the
successful listing of VitaCig, Inc. mCig, Inc. will own nearly 250 million shares of VitaCig, Inc.
STOCK PERFORMANCE AND ANALYSIS
STOCKPERFORMANCE&ANALYSIS
Jan.2014 February 2014 March 2014 April 2014 May 2014
Stock Price (Low –
High)
$.10- $.24 $.24-.43 $.47-.92 $.41-.82 $.35-.52
Avg. Share Volume 2,000,000 3,500,000 5,978,790 5,212,000 4,452,600
mCig, Inc. Stock Performance Chart & Analysis
RECENTNEWSANDANNOUNCEMENETS
mCig, Inc. Press Releases & Announcements (Last 6 Months)
Friday, May 30, 2014
mCig, Inc. Provides VitaCig, Inc. Spinoff and Dividend Update GlobeNewswire( (Fri, May 30)
Friday, May 23, 2014
VitaCig, Inc. Welcomes Results of UC London Study of Electronic Cigarettes GlobeNewswire( (Fri, May 23)
Tuesday, May 20, 2014
mCig, Inc. and VitaCig, Inc. Launch National Media Campaign GlobeNewswire( (Tue, May 20)
Tuesday, May 13, 2014
VitaCig, Inc. Implements Best-In Class Testing, Quality Control, and Chain of Custody Standards GlobeNewswire( (Tue, May 13)
Monday, May 5, 2014
mCig, Inc. Publishes May 2014 Presentation GlobeNewswire( (Mon, May 5)
Friday, April 25, 2014
mCig and VitaCig Applaud FDA Regulatory Proposals - Company Products Fall Outside Scope of Proposed Regulations
Tuesday, April 15, 2014
VitaCig, Inc. Launches $2 Nicotine-Free eCig Emitting Flavorful Vapor + Vitamins GlobeNewswire( (Tue, Apr 15)
Wednesday, April 9, 2014
mCig, Inc. Obtains CE Regulatory Clearance for mCig 2.0 in Europe -- Breaks Another 24 Hour Sales Record
Tuesday, April 8, 2014
mCig, Inc. Shatters 24 Hour Sales Record - Prominently Featured on National Business News Network CNBC
Tuesday, April 1, 2014
mCig, Inc. Publishes April 2014 Investor Presentation and Unveils LiqCig, Inc. GlobeNewswire( (Tue, Apr 1)
Monday, March 17, 2014
mCig, Inc. Achieves First Quarterly Profit in Corporate History GlobeNewswire( (Mon, Mar 17)
Friday, February 28, 2014
mCig, Inc. Publishes March 2014 Investor Presentation GlobeNewswire( (Fri, Feb 28)
Tuesday, February 25, 2014
mCig, Inc. Provides Update on VitaCig Spin-Off and Pro-Rata Dividend to Shareholders GlobeNewswire( (Tue, Feb 25)
Tuesday, February 18, 2014
mCig, Inc. Elevates mCig 2.0 by Introducing Made In USA Glass Inserts GlobeNewswire( (Tue, Feb 18)
Thursday, February 6, 2014
mCig, Inc. - Grammy Award Winning DJ Swivel to Become First Brand Ambassador GlobeNewswire( (Thu, Feb 6)
RECENTNEWSANDANNOUNCEMENETSCONTINUED…
mCig, Inc. Press Releases & Announcements (Last 6 Months)
Monday, February 3, 2014
mCig, Inc. Publishes First Investor Presentation and Officially Unveils VitaCig, Inc. GlobeNewswire( (Mon, Feb 3)
Friday, January 24, 2014
mCig, Inc. Acquires Vapolution, Inc., Entering Traditional Vaporizer Market GlobeNewswire( (Fri 8:40AM EST)
Friday, January 10, 2014
mCig, Inc. Officially Launches mCig 2.0 -- World's Most Affordable Personal Vaporizer GlobeNewswire( (Fri, Jan 10)
Thursday, December 19, 2013
mCig, Inc. Provides Update on mCig 2.0 Launch GlobeNewswire( (Thu, Dec 19)
Tuesday, December 3, 2013
mCig, Inc. Provides Corporate Update -- Reduced Authorized Shares, New COO Appointment GlobeNewswire( (Tue, Dec 3)
Tuesday, November 12, 2013
mCig, Inc. Sells Out of Initial Inventory -- Provides Corporate Update GlobeNewswire( (Tue, Nov 12))
NATIONALCOVERAGEOFMARIJUANABUSINESS
National Coverage of Marijuana Stocks and MCIG
Pot Shares Rally 21% to 1,700% as Speculators See Green at Bloomberg(Thu, Jan 9 2014)
Capitalizing On Cannabis: An Interview With CEO Of Mcig – Seeking Alpha (Oct 8, 2013)
Pot penny stocks smoking on rise of legalization – CNBC (Thu, Jan 9, 2014)
On April 7, 2014 mCig was prominently featured on live national
television. In a segment on the emerging cannabis industry,
CNBC’s Jane Wells discussed mCig, Inc. and our line of products as
well as interviewed COO Mark Linkhorst, and Vapolution, Inc.
President Patrick Lucey. Towards the end, Jane Wells puffed on a
VitaCig on Live Television:
CNBC Prominently Features mCig and VitaCig
Jane Wells Interviews Mark Linkhorst, COO of mCig, Inc. at KFI AM640 (Fri, Mar 28 2014)
CNN Special “Weed 2” – Dr. Sanjay Gupta
"Weed 2: Cannabis Madness: Dr. Sanjay Gupta Reports,"
premiered Tuesday, March 11 at 10 p.m. ET, and examined U.S.
federal laws that consider marijuana a drug with no medicinal
value and serious scientists who say they're wrong. It is the politics
of pot - the politicians vs. the patients:
MARIJUANAINDUSTRYPEERANALYSIS
mCig, Inc. – An Outlier Amongst The Marijuana Stocks
mCig is the only company in the “Cannabis Index” to have
zero debt, US GAAP profits, and operate under SEC
regulations adhering to higher corporate governance and
reporting standards. mCig, Inc. management is strongly
opposed to “Toxic Debt” which results in perpetual growth
in shares outstanding.
Since entering the space, mCig has issued less than 200,000
shares to employees as compensation. Most of the other
components of the index have seen increases of 20-70% in
their shares outstanding.
Warren Buffet has stated that investors should always focus
on whether companies are supplementing their growth with
share issuances.
Company Name Symbol SEC
Regulated
Shares
Outstanding
Toxic
Debt
Market Cap. US GAAP
Profits
Medbox, Inc. MDBX NO 14,475,375 YES $570 million No
Medical Marijuana, Inc. MJNA NO 947,607,961 YES $210 million No
Hemp, Inc. HEMP NO 1,649,949,387 YES $109 million No
Cannabis Sciences, Inc. CBIS Yes 834,023,906 YES $105 million No
Terra Tech, Inc. TRTC Yes 265,992,272 YES $178 million No
mCig, Inc. MCIG Yes 270,135,000 NO $135 million YES
“At Time Warner, I had ten percent of the
stock after the merger. But when we
merged with AOL, I was diluted down to
three percent.”
Ted Turner
THANK YOU FOR YOUR TIME

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mCig, Inc. (Stock Symbol: MCIG) June 2014 Investor Presentation

  • 2. FORWARDLOOKINGSTATEMENTSDISCLAIMER Any statements contained in this presentation that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein are based on current expectations, but are subject to a number of risks and uncertainties. The factors that could cause actual future results to differ materially from current expectations include, but are not limited to, risks and uncertainties relating to the Company's ability to develop, market and sell products based on its technology; the expected benefits and efficacy of the Company's products and technology; the availability of substantial additional funding for the Company to continue its operations and to conduct research and development, and future product commercialization; and the Company's business, research, product development, regulatory approval, marketing and distribution plans and strategies.
  • 4. FUNDAMENTALS About mCig, Inc. mCig, Inc. (OTCQB: mCig) is a technology company focused on two long-term secular trends sweeping the globe: (1) The decriminalization and legalization of marijuana for medicinal or recreational purposes (2) The adoption of electronic vaporizing cigarettes (commonly known as “eCigs”) by the world’s 1.2 Billion smokers. In the marijuana industry mCig is a leading manufacture of portable vaporizers such as the mCig 2.0 and traditional vaporizers such as the Vapolution 2.0. In the eCig industry, mCig operates a subsidiary: VitaCig, Inc. which is leveraging eCig technology to develop nicotine-free medicinal and nutritional products such as the VitaCig. mCig operates another subsidiary: LiqCig, Inc. which is developing the world’s first pre-packaged Alcoholic eCig. Stock Information Management Team • Paul Rosenberg – Chief Executive Officer • Mark Linkhorst - Chief Operating Officer • Patrick Lucey – President , Vapolution, Inc. • Chad Shaffer - Chief Operating Officer, Vapolution, Inc. PCAOB Auditors De Joya Griffith 1 Liberty Plaza, 23rd Floor New York, NY 10006 Phone 212.531.1600 Fax 702.920.8049 http://www.dejoyagriffith.com Stock Market Symbol: mCig Common Shares Outstanding 270,130,000 as of 6/2/2014 SEC Regulation Yes – Fully Reporting Link to SEC Filings: Click Here Insider Ownership 50.1% Corporate Transfer Agent Island Stock Transfer 15500 Roosevelt Boulevard Clearwater, Florida Phone 727.289.0010 Fax 727.289.0069 http://www.islandstocktransfer.com
  • 5. THE OPPORTUNITY - VAPORIZERS “During the Gold Rush, most gold miners lost money, but people who sold them picks, shovels, tents and blue-jeans (Levi Strauss) made a nice profit.” Peter Lynch
  • 6. THEOPPORTUNITY–MARIJUANALEGALIZATION Cannabis (AKA) Marijuana Marijuana is the third most popular recreational drug in America (behind only alcohol and tobacco), and has been used by nearly 100 million Americans. According to government surveys, some 25 million Americans have smoked marijuana in the past year, and more than 14 million do so regularly despite harsh laws against its use. Legalization and Decriminalization Trend Following the global economic crisis of 2008 a renewed effort was made by the marijuana lobby for both decriminalization of the herb as well as legalization. This push was ultimately successful as the prospect of taxing marijuana like alcohol or tobacco represented an inflection point in the conversation for the merits of legalization. This culminated in marijuana being fully decriminalized and even legalized for adults 21 and up in the states of Colorado (Amendment 64) and Washington (Initiative 502). Colorado and Washington represent only the start of this trend. On January 16th, 2014, cannabis was legalized in five more states under federal law. These states are the following: Hawaii, Kansas, Alaska, Michigan, and Rhode Island. On a Federal level, there have been important developments as well. Most recently US Attorney General Eric Holder in a speech to the House of Delegates indicated that he had mandated a review and modification of all Justice Department policies relating to the sentencing of non-violent drug offenders. Market Size in Billions of Dollars per Year USA Legalized (WA & CO) $1.5 Billion today $6.0 Billion by 2018 USA Legalized All States $60 Billion Global Current Illegal $150 Billion Global Marijuana Users 150 million USA States with Legal Marijuana Laws Marijuana Business Opportunity
  • 7. THEOPPORTUNITY–PICK&SHOVELBUSINESSMODEL mCig, Inc. – A “Pick and Shovel” Marijuana Company mCig operates a simple business model: We develop cutting edge vaporizers for the recreational and medicinal marijuana community at disruptive price points. In addition to being disruptive on price, we also believe in the “Open-Source” model allowing our customers to heat up the plant material of their choice, as opposed pre-packaging our vaporizers with plant material. First Mover Advantage Where it Counts A “first mover” advantage only matters when you are focused on delivering unique customer experiences and building brand affinity. Most marijuana companies have chosen to grow marijuana a highly commoditized and competitive plant. We chose to develop and incubate brands that will resonate within the community and allow us to generate high volume, recurring sales. We operate two such brands: Pick and Shovel Business Model Founded in 2000, Vapolution is a leading producer of home-use herbal vaporizers such as the Vapolution 2.0. The Vapolution is sold in over 11 Countries, and 20 distribution points. Cumulative revenues of over $2 million since founding without spending any capital on marketing. www.vapolution.com Founded in 2013, mCig is a leading producer of portable herbal vaporizers such as the mCig 2.0 – a $10 purpose built herbal vaporizer that has generated sales in over 20 countries and significant buzz. www.mCig.org
  • 9. PRODUCTCATALOG-MCIG mCig, Inc. – A “Pick and Shovel” Marijuana Company Since 2013, mCig has developed two iterations of its flagship product. The mCig 1.0 which was released in November 2013, and the mCig 2.0 which was released in January 2014. In February 2014, we released our Made in USA Hand Blown Glass Inserts which allow customers to enjoy an even cleaner vaporizing experience by inserting plant material into the glass and then dropping the glass into the mCig 2.0 heating chamber. Product Catalog – mCigProduct Catalog - mCig, Inc. Product Details Product Image • mCig 1.0 • World’s Most Affordable Vaporizer • Released in November 2013 – Sold Out in 10 days • Collectors Item • mCig 2.0 – CE Mark Compliant • Next Generation Technology • Multi-Voltage • Made in USA Glass Insert – True Vape • Wider Chamber, More Battery Power • Same Price ($10) mCig 3.0 Update • Patentable technology and design being finalized. • Announcement Scheduled for Q3 2014
  • 10. PRODUCTCATALOG-VAPOLUTION mCig, Inc. – A “Pick and Shovel” Marijuana Company Since 2000, Vapolution has developed two iterations of its flagship product. The Vapolution 1.0 which was released in November 2003, and the Vapolution 2.0 which was released in July 2013. In March 2014, we launched a rebranded Vapolution.com website with an optimized online sales engine and a newly designed logo. Product Catalog – mCigProduct Catalog – Vapolution, Inc. (100% Owned Subsidiary) Product Details Product Image • Vapolution 1.0 • First electronic vaporizer to offer a complete glass air path. • First to offer a custom built glass lined heater. • Vapor taste and flavor still sought after today. • Vapolution 2.0 • Total Redesign • Remains the only Vaporizer with an all glass vapor path. • Made in USA Glass • MSRP is 20% lower than 1.0 Vapolution 3.0 Update • Prototype completed. Currently in testing mode. Next generation features. • Scheduled for Q4 2014
  • 11. CORPORATE UPDATE– JUNE 2014 mCig and VitaCig Billboards being rolled out in Manhattan and Brooklyn – May 2014
  • 12. CORPORATEUPDATE–JUNE2014 SEC Filing Amendments Lead to Potential Hire •For the month of May 2014, mCig, Inc. and VitaCig, Inc. continued to build on the success achieved in the month of April. Both companies saw dramatic improvements in order fulfillment and inventory management rates even in the face of severe US Postal Service scrutiny of our shipments. From May 25 onwards , both mCig and VitaCig orders have been shipping within 48 hours or less from our fulfillment centers in Pennsylvania and Virginia. •On May 20, mCig, Inc. announced the launch of a National Media campaign that would include both online and offline components. The offline component of the campaign has been centered on a $300,000 transaction with Prince Media Co. whereby mCig, Inc. negotiated the rotation of VitaCig and mCig billboards over a period of 6 months in Manhattan, Brooklyn, and San Francisco . As of the date of this presentation only 8 billboards have been rolled out (see photos in previous slide). •On May 23, mCig Inc. engaged an online media consultant to develop and deploy a wide-reaching online campaign that will include PPC (Pay-Per-Click) and display ads as well as retargeting technology on highly visited web properties. The company believes this campaign will be launched mid June 2014. Based on our internal projections of cash flow, we estimate the online campaign running 24/7 globally for as long as our sales figures stay in line with recent trends. •Office Relocation– The company is preparing to move its primary administrative headquarters from Washington State to a soon to be decided East Coast location. This decision is driven primarily by the potential for VitaCig and the need for the company to be closer to both the financial centers, and more importantly, the media buying and distribution centers in the US. •First Retail Rollout – The company has initiated a beta-rollout in a C-Store located in the Southern US with 20 locations. Once this test has been completed , a sales force will be hired and trained for the purpose of developing an internal distribution system. •Strong Cash, Inventory, Capital levels– The company maintains historic levels of Cash ($350,000 in Cash as of June 2, 2014), Inventory ($150,000 + in inventory at any given day) , and Capital ($600,000+ in total capital )between mCig, Inc. , Vitacig, Inc. and Vapolution, Inc. – The company is producing free-cash-flow nearly every day while maintaining zero debt. Business Update National Media Attention CNBC In the month of April, mCig achieved its first national media attention from the business news channel CNBC. In a segment on the emerging cannabis industry, CNBC’s Jane Wells discussed mCig, Inc. and our line of products as well as interviewed COO Mark Linkhorst, and Vapolution, Inc. President Patrick Lucey. Towards the end, Jane Wells puffed on a VitaCig on Live Television. To view the segment in its entirety click here. As part of a routine SEC Examination of our corporate filings, the company continues to file various amended filings that show up on the SEC.gov Edgar system under (“/A”) titles. These amendments vary depending on the filing but for the most part relate to disclosure requests made by the SEC or improvements to the integrity of our filings. As Part of this process, mCig, Inc. CEO Paul Rosenberg brought in a consultant to help assist in the auditing/accounting/SEC disclosures. This consultant was previously trained as a PCAOB auditor for a large accounting firm. The company is currently negotiating to hire this consultant full-time to serve as CFO, and financial controller - an important step forward in achieving the Corporate Governance requirements inherent in a potential Up- Listing. mCig and VitaCig See Growth in Organic Social Media Adoption The month of May saw an exciting mix of organic social media interactions between our customers and our various brands. In total, we were able to measure over 100 organic uploads to various social media websites. This gauge is important as we are seeing customers incorporate our brands (led by VitaCig) into their daily routine. This process is integral in helping to grow adoption and promote our brands around the world for free.
  • 13. THE OPPORTUNITY – ELECTRONIC CIGARETTES (ECIGS)
  • 14. THEOPPORTUNITY–ELECTRONICCIGARETTES Electronic Cigarettes (eCigs) eCigs are electronic devices comprised of a small lithium-ion battery and an atomizer that vaporize a nicotine liquid. As nothing is being burned, the result is a clean delivery of nicotine without the negative effects of tar, smoke, or second hand smoke. mCig, Inc. operates within the eCig industry by leveraging mobile vaporization technology for innovative new applications. What Goldman Sachs Says: (From Report Entitled: Top Disruptive Technologies August 2013) Electronic Cigarettes – (eCigs) Mergers and Acquisitions in the eCig Space Date Suitor Company Acquired Transaction Value Source 2/03/2014 Altria Group, Inc. (NYSE: MO) Green Smoke, Inc. $110,000,000 Altria 10/1/2013 Lorillard Inc. (NYSE: LO) Skycig, UK $50,000,000 Lorillard 4/25/2012 Lorillard Inc. (NYSE: LO) Blu Ecigs, Inc. $135,000,000 Wall Street Journal
  • 15. THEOPPORTUNITY–ELECTRONICCIGARETTES-VITACIG Taking the same innovative approach we applied to the marijuana industry, management decided to avoid direct competition with the ultra-competitive and highly regulated nicotine-based eCig industry. Instead, we developed a niche product by embracing the potential that eCig technology (the ability to easily vaporize pre-packaged liquids from a pocket-sized device) brings to medical delivery applications. VitaCig was officially launched on April 15, 2014 with three initial flavors. Sales achieved to -date are markedly higher than over the same period for mCig products. This can be attributed to the wider reach VitaCig – 100% Owned Subsidiary As far as we know, there does not exist a product comparable to Vitacig on the market. We believe the Vitacig will cannibalize both the existing eCig market as well as the e-Hookah markets by providing a superior, enjoyable experience without the nicotine or overly sweet flavors. This product will appeal to a wide market including: Smokers looking to quite, Smokers looking to reduce nicotine consumption, non-smokers. VitaCig – eCig as Medical Delivery Devices • Disposable • 500 Puffs • Shiny Metallic Colors • Every Vitacig contains a base of: Vitamins A, B, C, E and CoQ10 (Ubidcarenone) • Refresh – Mint + Peppermint Flavor and Eucalyptol • Relax - Blueberry and Black Currant flavor + B-myrcene • Energize – Orange + Grapefruit flavor + Limonene. • VitaCig Launched on April 15, 2014 • Successful Inventory Management lead to 0 days without inventory. • FDA Regulation Proposals on eCigs appear to exclude nicotine-free devices such as the VitaCig. • VitaCig, Inc. S1 Filed with the SEC on April 20, 2014 - SEC Comments received. Revised S1 to be filed by June 15, 2014. • VitaCig ingredients sent for testing with Intertek Global, PLC. Results will be published in June. Results will allow for inclusion of Nutritional Values on each VitaCig package paving way for global retail distribution. • VitaCig Sales velocity superior to that of mCig with several days in May seeing VitaCig outselling mCig less than 40 days after Official Launch! VitaCig – Milestones Achieved to Date
  • 16. THEOPPORTUNITY–ELECTRONICCIGARETTES-LIQCIG As with VitaCig where management recognized the potential for mobile vaporization technology in medical delivery applications, the idea for LiqCig was developed internally towards the end of 2013. Before proceeding, Management engaged a team of third party scientists to test both the efficacy and technical process that would result in the delivery of alcoholic vapor. After being convinced of the technical merits and scientific efficacy this project was advanced. Unlike with mCig, Vapolution, or VitaCig, LiqCig will be incubated for a longer period of time with the ultimate objective of retailing LiqCig’s with licensed well- known alcoholic brands. Management believes this business strategy will result in higher margin profitability over the long- term and has greater potential to disrupt the $1.3 Trillion Alcoholic Beverage Industry. LiqCig, Inc. – 100% Owned Subsidiary LiqCig, Inc. – eCig Technology Disrupting Recreational Alcohol Consumption • Calorie-Free Alcoholic Consumption • Planned Distribution by Regulated Alcoholic Channels • Disposable and Recyclable • Pre-Packaged With Licensed Alcoholic Brands • Initial testing for three spirit categories: Vodka, Tequila, Rum. “The LiqCig has the potential to significantly disrupt the existing Alcoholic Beverage Market by providing a superior method for the consumption of alcohol recreationally.” Paul Rosenberg, CEO mCig, Inc. $0 $500 $1,000 $1,500 Tobacco IndustryAlcoholic Beverage Industry Alcoholic Beverage Sales vs. Tobacco Industry Sales ($BN) Source: Marketline 2010 2015
  • 17. MCIG – THE PATH TO A POTENTIAL UPLISTING
  • 18. MCIG–THEPATHTOAPOTENTIALUPLISTING mCig, Inc. (OTCQB: MCIG) currently trades on the OTC QB Exchange. The OTC QB is regulated by FINRA and the SEC however there are no financial listing requirements. As a result, companies trading on the OTC QB are often perceived as inferior within the investment community and for the most part do not receive institutional investment from the likes of Mutual Funds, Pension Funds, Hedge Funds, and Insurance Companies. While mCig, has enjoyed its time on the OTC QB and believes that the exchange is extremely important for capital formation of early stage companies, it is our objective to meet the financial standards required for an up listing to a National Stock Exchange. While such an up listing does not guarantee us financial success (only hard work and increased adoption of our products can achieve that) it could significantly change our prospects for access to capital as well as increase the notoriety of our brand and products. Why Up list? National Exchanges and Financial Listing Requirements There are two primary National Exchanges in the US: The NADSAQ and the New York Stock Exchange (NYSE). Below are the listing requirements for both exchanges: Listing Requirement Nasdaq Capital Market (Rule 505a 505b2) NYSE MKT (Standard 2) MCIG Current (Pro Forma Q1)* MCIG Following VCIG Listing @ $.05 Shareholder Equity $4,000,000 $4,000,000 $1,287,419* $13,525,500 Value of Publicly Held Shares $15,000,000 $15,000,000 $102,500,000 $102,500,000 Market Capitalization $50,000,000 Not Required $115,000,000 $115,000,000 Publicly Held Shares 1,000,000 1,000,000 250,000,000 250,000,000 Shareholders 300 400 4,000+ 4,000+ Market Makers 3 Not Required 30 30 Stock Price $4.00 $2.00 $.43 $.43** As can be seen in the table above, mCig already meets 5 out of 7 listing requirements for both NASDAQ Capital Market and NYSE MKT. The only two barriers that remain are Shareholder Equity and Minimum Stock Price. The minimum stock price is purely technical and can be resolved by initiating a reverse stock split . Alternatively, if our shares appreciate past the minimum threshold we may not require a reverse stock split. Management believes that the shareholder equity requirement should be met with the listing of VitaCig, Inc. On May 28, 2014. Vapor Corp.(VPCO) an OTC QB company achieved an up listing to the NASDAQ Capital Market. At the time of the uplisting, VPCO had $10.8 million in Shareholder Equity confirming that the potential remains for mCig, Inc. following the successful listing of VitaCig, Inc. mCig, Inc. will own nearly 250 million shares of VitaCig, Inc.
  • 20. STOCKPERFORMANCE&ANALYSIS Jan.2014 February 2014 March 2014 April 2014 May 2014 Stock Price (Low – High) $.10- $.24 $.24-.43 $.47-.92 $.41-.82 $.35-.52 Avg. Share Volume 2,000,000 3,500,000 5,978,790 5,212,000 4,452,600 mCig, Inc. Stock Performance Chart & Analysis
  • 21. RECENTNEWSANDANNOUNCEMENETS mCig, Inc. Press Releases & Announcements (Last 6 Months) Friday, May 30, 2014 mCig, Inc. Provides VitaCig, Inc. Spinoff and Dividend Update GlobeNewswire( (Fri, May 30) Friday, May 23, 2014 VitaCig, Inc. Welcomes Results of UC London Study of Electronic Cigarettes GlobeNewswire( (Fri, May 23) Tuesday, May 20, 2014 mCig, Inc. and VitaCig, Inc. Launch National Media Campaign GlobeNewswire( (Tue, May 20) Tuesday, May 13, 2014 VitaCig, Inc. Implements Best-In Class Testing, Quality Control, and Chain of Custody Standards GlobeNewswire( (Tue, May 13) Monday, May 5, 2014 mCig, Inc. Publishes May 2014 Presentation GlobeNewswire( (Mon, May 5) Friday, April 25, 2014 mCig and VitaCig Applaud FDA Regulatory Proposals - Company Products Fall Outside Scope of Proposed Regulations Tuesday, April 15, 2014 VitaCig, Inc. Launches $2 Nicotine-Free eCig Emitting Flavorful Vapor + Vitamins GlobeNewswire( (Tue, Apr 15) Wednesday, April 9, 2014 mCig, Inc. Obtains CE Regulatory Clearance for mCig 2.0 in Europe -- Breaks Another 24 Hour Sales Record Tuesday, April 8, 2014 mCig, Inc. Shatters 24 Hour Sales Record - Prominently Featured on National Business News Network CNBC Tuesday, April 1, 2014 mCig, Inc. Publishes April 2014 Investor Presentation and Unveils LiqCig, Inc. GlobeNewswire( (Tue, Apr 1) Monday, March 17, 2014 mCig, Inc. Achieves First Quarterly Profit in Corporate History GlobeNewswire( (Mon, Mar 17) Friday, February 28, 2014 mCig, Inc. Publishes March 2014 Investor Presentation GlobeNewswire( (Fri, Feb 28) Tuesday, February 25, 2014 mCig, Inc. Provides Update on VitaCig Spin-Off and Pro-Rata Dividend to Shareholders GlobeNewswire( (Tue, Feb 25) Tuesday, February 18, 2014 mCig, Inc. Elevates mCig 2.0 by Introducing Made In USA Glass Inserts GlobeNewswire( (Tue, Feb 18) Thursday, February 6, 2014 mCig, Inc. - Grammy Award Winning DJ Swivel to Become First Brand Ambassador GlobeNewswire( (Thu, Feb 6)
  • 22. RECENTNEWSANDANNOUNCEMENETSCONTINUED… mCig, Inc. Press Releases & Announcements (Last 6 Months) Monday, February 3, 2014 mCig, Inc. Publishes First Investor Presentation and Officially Unveils VitaCig, Inc. GlobeNewswire( (Mon, Feb 3) Friday, January 24, 2014 mCig, Inc. Acquires Vapolution, Inc., Entering Traditional Vaporizer Market GlobeNewswire( (Fri 8:40AM EST) Friday, January 10, 2014 mCig, Inc. Officially Launches mCig 2.0 -- World's Most Affordable Personal Vaporizer GlobeNewswire( (Fri, Jan 10) Thursday, December 19, 2013 mCig, Inc. Provides Update on mCig 2.0 Launch GlobeNewswire( (Thu, Dec 19) Tuesday, December 3, 2013 mCig, Inc. Provides Corporate Update -- Reduced Authorized Shares, New COO Appointment GlobeNewswire( (Tue, Dec 3) Tuesday, November 12, 2013 mCig, Inc. Sells Out of Initial Inventory -- Provides Corporate Update GlobeNewswire( (Tue, Nov 12))
  • 23. NATIONALCOVERAGEOFMARIJUANABUSINESS National Coverage of Marijuana Stocks and MCIG Pot Shares Rally 21% to 1,700% as Speculators See Green at Bloomberg(Thu, Jan 9 2014) Capitalizing On Cannabis: An Interview With CEO Of Mcig – Seeking Alpha (Oct 8, 2013) Pot penny stocks smoking on rise of legalization – CNBC (Thu, Jan 9, 2014) On April 7, 2014 mCig was prominently featured on live national television. In a segment on the emerging cannabis industry, CNBC’s Jane Wells discussed mCig, Inc. and our line of products as well as interviewed COO Mark Linkhorst, and Vapolution, Inc. President Patrick Lucey. Towards the end, Jane Wells puffed on a VitaCig on Live Television: CNBC Prominently Features mCig and VitaCig Jane Wells Interviews Mark Linkhorst, COO of mCig, Inc. at KFI AM640 (Fri, Mar 28 2014) CNN Special “Weed 2” – Dr. Sanjay Gupta "Weed 2: Cannabis Madness: Dr. Sanjay Gupta Reports," premiered Tuesday, March 11 at 10 p.m. ET, and examined U.S. federal laws that consider marijuana a drug with no medicinal value and serious scientists who say they're wrong. It is the politics of pot - the politicians vs. the patients:
  • 24. MARIJUANAINDUSTRYPEERANALYSIS mCig, Inc. – An Outlier Amongst The Marijuana Stocks mCig is the only company in the “Cannabis Index” to have zero debt, US GAAP profits, and operate under SEC regulations adhering to higher corporate governance and reporting standards. mCig, Inc. management is strongly opposed to “Toxic Debt” which results in perpetual growth in shares outstanding. Since entering the space, mCig has issued less than 200,000 shares to employees as compensation. Most of the other components of the index have seen increases of 20-70% in their shares outstanding. Warren Buffet has stated that investors should always focus on whether companies are supplementing their growth with share issuances. Company Name Symbol SEC Regulated Shares Outstanding Toxic Debt Market Cap. US GAAP Profits Medbox, Inc. MDBX NO 14,475,375 YES $570 million No Medical Marijuana, Inc. MJNA NO 947,607,961 YES $210 million No Hemp, Inc. HEMP NO 1,649,949,387 YES $109 million No Cannabis Sciences, Inc. CBIS Yes 834,023,906 YES $105 million No Terra Tech, Inc. TRTC Yes 265,992,272 YES $178 million No mCig, Inc. MCIG Yes 270,135,000 NO $135 million YES “At Time Warner, I had ten percent of the stock after the merger. But when we merged with AOL, I was diluted down to three percent.” Ted Turner
  • 25. THANK YOU FOR YOUR TIME