You are here
Home 🌿 Marijuana Business News 🌿 mCig, Inc. to Acquire Security Grade, Bringing Full-Service Specialized Security Solutions to the Cannabis Industry 🌿mCig, Inc. to Acquire Security Grade, Bringing Full-Service Specialized Security Solutions to the Cannabis Industry
Warning message
The subscription service is currently unavailable. Please try again later.BEVERLY HILLS, CA--(Marketwired - Jun 29, 2015) - mCig, Inc. (OTCQB: MCIG), a leading provider of technology, products, and services for consumers, manufacturers, dispensaries, and growers within the global medical and recreational marijuana industry, announced today that the Company has signed a letter of intent agreement ("LOI") to acquire Security Grade Protective Services, Inc., a full-service security firm specializing in the cannabis industry.
The acquisition is expected to close on or before July 19, 2015. Security Grade has generated $560,000 in revenue with a 40 percent profit margin in the first half of 2015 and is on target for $1.3 million by fiscal year end. With nearly 100 percent growth year over year, revenues from Security Grade are expected to earn mCig $2.5 million in 2016 as the Company realizes its marketing and sales efforts for its systems and services in states beyond Colorado.
"This acquisition of Security Grade is just one...
This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.
420 Intel is Your Source for Marijuana News
420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.
420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.
Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.
You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.
Follow us on Instagram
Connect with us on Linkedin