“I am very comfortable in OBITX management to deliver great results, that’s why I decided to help the company and invested my personal funds,” continued Paul Rosenberg.
OBITX will be an exclusive distributor of crypto ATM for the entire cannabis market. Cryptocurrency will not only help solve regulation, banking and payment processing issues currently troubling the marijuana industry, it is already making its way in widespread adoption in other industries as well.
“Let me also update our shareholders on other developments,” continued Paul Rosenberg.
“We are a few days away from finishing our audit of OBITX. We are extremely pleased with the business model of OBITX and as soon as audit is complete, we’ll file our Form S-1 with SEC to spin-off OBITX.
Now, let’s talk about MCIG Inc. overall strategy.
Render Payment concluded its ICO on December 4, 2017 and is expected to be registered on an exchange platform in January 2018. MCIG will work with Render Payment as it continues to expand its high risk merchant service cryptocurrency platform.
As we discussed in early press releases, the goal is to be focused on cultivation, extraction and distribution of cannabis/hemp related products. We are waiting for the approval of our license application in California City, that will allow us to manufacture different cannabis products.
We struck a huge deal with Farm On! Foundation, currently run by extraordinary business woman, Tessa Edick, who accepted the position of CEO of NYAcres, Inc., 100% owned subsidiary of MCIG Inc. We will be one of the very few companies to grow HEMP in the New York area.
We are looking for other opportunities to grow cannabis in other states, but, we are very careful how we proceed, since the price tag to some projects are high and we need to find balance to be profitable.
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I also think that OBITX will be an exclusive distributor of crypto ATM.