mCig Inc.’s Products Now allowed to be Sold in Europe

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mCig Inc.’s Products Now allowed to be Sold in Europe

Bellevue, Wash./Australian e-cigarette maker mCig, Inc.’s (OTCQB:MCIG) stock volume continued to skyrocket Apr. 9 with 11,974,554 shares changing hands, nearly double its three-month average of 6,024,757 shares. 

The surge in volume is being fueled in part by the company obtaining a CE Mark for its mCig 2.0 device.

This regulatory clearance officially allows mCig to sell and distribute its product in the European Union, thus positioning the company for joint venture distribution deals on the Continent as well as in other countries that accept the CE Mark.

This latest piece of good news comes on the heels of mCig unveiling its new wholly-owned subsidiary LiqCig, Inc., which is currently developing the world's first pre-packaged alcoholic electronic cigarette.

Calorie-Free Alcoholic Consumption

The LiqCig will provide consumers with an unprecedented calorie-free method for the consumption of alcohol creating a potentially disruptive force within the $1.3 Trillion Recreational Alcoholic Beverage Industry.

"For thousands of years alcohol has been primarily consumed via liquid ingestion. This form of ingestion leads to liver damage, heart disease, and weight gain," said mGig’s COO Mark Linkhorst. “Delivering alcohol into the bloodstream via vaporization is in our view a superior method for the consumption of alcohol. It also represents an exciting business opportunity given the size of this industry, and current logistical limitations," he added, in a written statement.

On Apr. 9, MCIG’s share price closed at 78 cents, up 8 cents from the share price of 70 cents the previous day.

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CannaBusiness Group Inc. Acquires Ownership in National Security Solutions

In other news, CannaBusiness Group Inc.’s (OTCPINK: CBGI) announced Apr. 9 that it has acquired an undisclosed percentage of ownership in National Security Solutions Inc.

In a press release, the Irvine, Calif.-based real estate company said the acquisition of ownership, consisted of restricted common shares and funding will be provided to hire sales staff, update marketing materials, increase customer base and attend upcoming trade shows in the dispensary and grow operation industry.

Few Details Given

National Security Solutions will focus primarily on the marijuana dispensaries and grow operations.  However, CannaBusiness Group declined to reveal the specifics of the deal, or how it would affect its financial picture.

This is the second major announcement the company has made in two days.

On Apr. 7, the company announced that its subsidiary Nor Cal Connection’s corporate offices are being relocated to 905 Cotting Lane, Suite 160 Vacaville, Ca 95688. The building, will also house Nor Cal Connection's new warehouse and order fulfillment facility. It is anticipated that the move will be completed by Apr. 15.

CBGI’s share price closed at 14 cents, down 2 cents, from its share price of 16 cents the previous day, on volume of 2,688,141 shares. 

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Rapid Fire Marketing Give Shareholders a Candid Update  

Meanwhile, Cannabis vapor inhaler maker Rapid Fire Marketing (OTCQB: RFMK) released a shareholder update on its Web site, covering the some of the major issues facing the Carson City-Nev.-based company.

Here are some of them:

Production of Dry Vaporizer

[There have been] “some issues with the factory in China as the one they were using closed unexpectedly and a new manufacturer had to be vetted and a contract negotiated.   

The initial production unit has arrived in California for inspection and testing. Full scale production will begin shortly. Our expectations are that in three to six weeks the units will arrive at our fulfillment facility in California. The delays have been frustrating and unexpected, but we are looking forward to having our first unit available for purchase by June. We have an enormous amount of interest expressed from the marketplace in our new dual chamber, dry blend vaporizer, not only from prospective buyers, but from other vaporizer manufacturers as well. Our proprietary battery incorporated in the design of the unit offers a considerable amount of usage between battery charges.”

Patent and Trademarks

"Perhaps not well known by many shareholders, trademarks take much longer when they involve anything that can be used for tobacco. Vaporizers fall into this category.  However, we initiated the trademark process ten months ago, so our expectations are that we will soon obtain trademark approval. The patent application will be submitted in the near future."

Branding and Graphics

"This week, we will release graphics of the branding and logo of the new unit. We hired a professional marketing firm to complete the branding and logo work for this vaporizer unit."

Additional Vaporizers:

"We are currently in discussions with two vaporizer companies, but I am not at liberty to discuss any details because there is a non-disclosure agreement in place while negotiations are being conducted.

Our own online sales site will be launched soon to facilitate the direct sales of the new vaporizer.  The potential joint venture and agreements we are working on are not just for sales of vaporizers, but other items related to the rapidly growing medical cannabis industry.

We are open to discussing a possible exchange of equity with a vaporizer manufacturer.   We are also considering a significant equity position in other vaporizer companies or outright acquisition.  I apologize for being a bit vague on details but, at this juncture, it is necessary."

Long Way to Go

While some shareholders may find this update reassuring, others may come to the conclusion that Rapid Fire Marketing has a long way to go before it begins generating any revenue.

On Apr. 9, RFMK’s share price up 0.0001 cents, from its closing price of 0.0049 cents the previous day, on volume of 61,235,037 shares.

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