It was today that mCig Inc (OTCMKTS:MCIG) made the announcement that it had closed escrow in California City. The Hemp farms in New York and MCIG’s agriculture division are seeking to expand from sea-to-sea with extracting, cultivating and distribution operations in both California and New York.
MCIG has already started plans for an indoor cultivation facility and it hopes to make a major headway in terms of producing high quality, “California-Style” cannabis products. It was some time ago that it obtained three of the seven recreational cannabis licenses given by California City allowing them to get involved in cultivation, manufacturing, and distribution.
The property is located half way between Sequoia National Forests and the Los Angeles and is ideal for growing and cultivation. The ready accessible essential utilities, such as city water and high power shorten construction and development time and it is a good thing that the property is enhanced with such.
MCIG’s construction and development CEO Robert Kressa has termed the property a one-stop-shop for all things cannabis in the city of California. He remains optimistic that they will be in a position to set up a lean manufacturing facility for vertically integrated cannabis operations. The City of California has exhibited high levels of professionalism not forgetting the thorough vetting process in the whole licensing affair.
Looking into the future
Paul Rosenberg who is the current MCIG CEO opined, “We want to be a flagship facility and model licensee among the other licensed producers in the city. It is our sincere objective to create jobs, give back to the community, and create healthy products that complement our current product lines and brands.”
If all moves according to plan, MCIG might soon establish a state-of-the-art 30,000 square foot cultivation facility and one of the officials working with it has disclosed that they might be left with the option making expansions to about 50,000 square feet and a 2,000 to 4,000 square foot manufacturing facility.
The central focus is to develop extracts and manufacture products that will help them accumulate higher revenues. A distribution center will also be put up to help with moving products to retailers.