mCig Inc (OTCMKTS:MCIG) has reported an update for its Hemp project and the soon to be launched line of CBD products. The firm is a large company that serves the legalized cannabis market.
The company is focusing on the NYAacres project that is Industrial Hemp on 40 acres. This is a CBD concentrated organic type known as Cherry Wine. It aims to produce 55,000 pounds of flower that will be used in producing organic CBD oil.
Five fields on the certified organic farm are already planted are being closely monitored on a daily basis. So as to enhance production conditions, organic honey bees are being used for cross-pollination in addition to installing irrigation as back up. The hot and long sunny days, as well as the cool nights being experienced in the area, provide an ideal environment for the crop.
Getting into Hemp business
Three years ago, MCIG began selling Hemp/CBD products, but later it unveiled its own VITACBD brand. However, it sold the brand to a public firm after two years. After a while MCIG formed a partnership with the farm, thus, reentering the hemp market.
Since different sectors of the company have experienced growth, MCIG has decided to expand the CBD sector by launching a new line of hemp products. The new products consist of probiotic pet edibles, natural skin cosmetics, and whole spectrum tinctures. The firm seems to have all the pieces of the puzzle. It has a professionally ran hemp farm, a capable research and development team and a dedicated sales team.
MCIG has also revealed that its consulting and construction department has managed to bag another management deal with a Costa Mesa client. The move will bring the total number of contracts to three. The department will now supervise operations across Palm Springs, Sacramento and now Costa Mesa.
MCIG has a legal license to cultivate, manufacture and to supply cannabis products. Thus, it has commenced concept designs for the construction of its own facility in California.