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Mcig Inc (MCIG)

Mcig Inc (MCIG)
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Financial Summary for [[ item.sessionDateDisplayLong ]]
mCig, Inc. is a diversified holdings company for various subsidiaries, focusing on technology and consulting, grow construction and cultivation, biotech, vaporizers, dispensary supplies, payment processing, and more, servicing the legal cannabis, hemp and CBD markets. mCig, Inc. is committed to being the leading distributor of technology, products, and services to fit the needs of a rapidly expanding industry. mCig, Inc. has transitioned from a vaporizer manufacturer to industry leading large scale, full service cannabis cultivation construction company with its Grow Contractors division currently operating in the rapidly expanding Nevada market. mCig, Inc. employs a world renowned tech team and has recently entered the tech space to satisfy its evolving role in technology and in keeping its growing following up to speed. The company looks forward to growing its core competencies to service the ancillary legal Cannabis, Hemp and CBD markets, with broader expansion to take place once federal laws change.
(Values in U.S. Thousands) Jan, 2020 Oct, 2019 Jul, 2019 Apr, 2019 Jan, 2019
Sales 30 380 500 370 760
Sales Growth -92.11% -24.00% +35.13% -51.32% +38.18%
Net Income -640 890 -320 -1,460 -750
Net Income Growth -171.91% +378.13% +78.08% -94.67% -87.50%
(Values in U.S. Thousands) Jan, 2020 Oct, 2019 Jul, 2019 Apr, 2019 Jan, 2019
Total Assets 6,080 5,420 6,150 5,610 10,020
Total Assets Growth +12.18% -11.87% +9.63% -44.01% -14.29%
Total Liabilities 760 940 2,530 2,740 2,690
Total Liabilities Growth -19.15% -62.85% -7.66% +1.86% -12.66%
(Values in U.S. Thousands) Jan, 2020 Oct, 2019 Jul, 2019 Apr, 2019 Jan, 2019
Operating Cash Flow 730 960 130 -3,060 -1,880
Operating Cash Flow Growth -23.96% +638.46% +104.25% -62.77% -184.85%
Net Cash Flow -260 -200 -90 -230 -130
Change in Net Cash Flow -30.00% -122.22% +60.87% -76.92% unch
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